FXstreet.com

Forex Jump-Start: Beginners Video Course

3

0

Chapter 6: Money management discussion & additional trading tips

Wed, Mar 19 2008, 12:33 GMT
by Adam Rosen

4xLounge


4xLounge.com

Live Market Trade Alerts via SMS & Email, Custom Trading Tools, Professional Support, Live Trading Room and much more

Summary

A solid education in the basic principals of money/risk management. We answer the following questions”
  1. How much should I risk in each trade?
  2. What is a risk to reward ratio?
  3. How do I measure my portfolio risk?
  4. Why is time so important?
  5. How do I write a trading plan?
  6. What kind of currency pair am I trading?



Get the Flash Player and/or activate Javascript to see this player


Archive

4Xlounge, LLC  | 3102 Applewood Drive, Bountiful, UT 84010
http://www.4xlounge.com | info@4xlounge.com

Legal disclaimer and risk disclosure

Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. More over, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. To manage exposure, employ risk-reducing strategies such as 'stop-loss' or 'limit' orders. There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. 4xloune.com is not responsible for communication failures or delays when trading via the Internet. 4xlounge.com employs back up systems and contingency plans to minimize the possibility of system failure, and trading via telephone is always available. Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. 4xlounge.com is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 4xlounge.com has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.

Related reports

Daily Market Report - There are indications that the market is reducing its exposure to risk by Wells Fargo Investments, LLC
Fri, Nov 20 2009, 15:19 GMT

Currency Corner by YourTradingEdge
Wed, Nov 18 2009, 16:23 GMT

Video Interview with Ashraf Laidi: What is essential to know when you are choosing a broker? by FXstreet.com
Tue, Nov 17 2009, 17:48 GMT

Lessons from the Pros - The Broad Market - Have We Seen the Bottom of the Commercial Real Estate Market? by Online Trading Academy
Tue, Nov 17 2009, 13:26 GMT

Lessons from the Pros - Futures - Managing Your Trade with ATR by Online Trading Academy
Tue, Nov 17 2009, 13:25 GMT

risk, plan, education, moneymanagement, beginners, course, basics

View All

Related content

Czech PM:EU Should Be Able To Give Ireland 'Robust' Guarantees
Dow Jones | Thu, Jun 18 2009, 23:13 GMT

Czech PM: EU Economic Recovery Plan Starting To Show Results
Dow Jones | Thu, Jun 18 2009, 23:12 GMT

WRAPUP 7-Democrats push vote on huge U.S. stimulus plan
Thomson Financial News | Fri, Feb 6 2009, 05:10 GMT

WRAPUP 5-Democrats push vote on huge U.S. stimulus plan
Thomson Financial News | Fri, Feb 6 2009, 00:51 GMT

UPDATE 2-US Senate Republicans push alternative stimulus plans
Thomson Financial News | Wed, Feb 4 2009, 00:02 GMT

risk, plan, education, moneymanagement, beginners, course, basics

View All

Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
MF Global FXA Securities Ltd.
Contact the broker/FDM
Open a demo account
CitiFX Pro
Contact the broker/FDM
Open a demo account
Alpari (UK) Limited
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.