32.4 C
Oklahoma
Monday, June 17, 2024

Money Management Forex Traders Must Use (5 Simple Rules)!

Must read

๐Ÿ“ˆ FREE: The Complete Price Action Strategy Checklist – http://bit.ly/2o5NO0M

In this Da Nang Forex trading vlog, I share with you the 5 most important rules I have in my trading & life when it comes to money management. These are things that, if well managed, can help you reach the $10k/month revenue mark quicker. Vlog #456

Executive Summary:
1) Create a money management framework for financial freedom
2) Only use Active Investment money for trading.
3) Define your maximum drawdown
4) Use break-even, trailing stops, multiple t/p to boost your results
5) If you can’t stick to your risk/money management plan, skip the trade

Video on risk management: https://www.youtube.com/watch?v=k_cz1p9aZ8Q

SUBSCRIBE TODAY: https://goo.gl/4DpLu6

Want to look cool? Check out the Desire To Trade Merch: http://bit.ly/2ySpeJ7 (use the promo code YOUTUBE10)

// SOCIAL
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
Facebook: https://www.facebook.com/desiretotrade/
Twitter: @desiretotrade
IG: @etiennecrete

// TRADING MUST-HAVE RESOURCES
Forex Broker: https://d2t.link/axitrader
Best Platform: https://desiretotrade.com/tradingview
Backtesting Tool: https://desiretotrade.com/soft4fx
VPS (for algo trading): https://desiretotrade.com/vps
Trading Journal: https://desiretotrade.com/journal

// MUSIC
David Cutter Music – http://www.davidcuttermusic.com
Andrew Applepie – https://andrewapplepie.com/

// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the โ€œfakeโ€ millionaire traders and the โ€œget-rich-quick-trading guysโ€. That’s why you can expect more free content from me than what other people charge for!

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

// AFFILIATE
The camera I use (Canon EOS M6) http://geni.us/9ZQgs
GoPro: http://geni.us/nIXw
The tripod I use: Sirui 3T-35K http://geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)

AFFILIATE LINKS
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).

[ad_1]

source
[ad_2]

- Advertisement -

More articles

16 COMMENTS

  1. 10k a month following these rules..!!! You need a huge amount of capital as a starting point to make this amount of money consistently. Most successful hedge funds make 5% a month so go figure..
    No rules will help you unless you have the capital.. Not a good idea to put $$ signs to entice people.
    That said most of your message is relevant to be successful and consistent.

Comments are closed.

- Advertisement -

Latest article

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!