That way you won't be gambling, but instead, investing at minimal risk. We are always here to listen to you and assist you. As a result, putting funds at risk which you cannot afford to lose should never even be considered a professional Forex trading behaviour.

This includes money needed for crucial housing expenses such as your mortgage or rent payment, or the weekly costs that are necessary for you or your family's sustenance. That amount of money has been predetermined for trading because it is expendable and therefore not needed for the essentials of living.

Currency pairs tend to move in correlation with one another more than other asset types such as stocks. You need to understand the Intermarket connection in order to make better trades. That is, they're strongly correlated either positively or negatively. If you trade the majors, all of your positions are likely to be correlated with one another as most significant pairs are connected to USD. Remember, Forex money management rules need a complete understanding of Intermarket correlation.

Checking both the 'historical' and 'now moment' correlation is important. If you use MetaTrader, then MetaTrader 4's Supreme edition is the right tool for you. It will make decisions based on your overall account exposure. If you allow high exposure on correlated pairs, your account balance will be heavily affected by the movements of just one or two of them.

Compounding describes how numbers, or money, can grow. Compounding is the exponential growth of a sum of money by continuously reinvesting all profits without any withdrawals, so although the profit percentage remains the same, the original amount of money might grow at a rapid rate.

With the power of compounding, in the long run, you will be able to grow your account by a considerable amount! This could be a good Forex money management plan for you! However, beware of human emotions. As the stakes get higher, you will suffer more from emotions as you realise you are working with much bigger stakes.

If you notice that this is happening it means it is time for a "wake up call" and time to step back into reality. Professional traders recognise this, and they will not let their emotions drown their profits. Don't forget that the Forex Holy Grail lies hidden inside you. Hone your money management skills with our free demo account.

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Any successful trading strategy needs an adequate money management strategy. Once you figure out how much you can safely allocate to your real trading account, you have to work hard to protect your capital.

Above all, you must replace your common urge for profit with a need to protect your account equity from losses. The simple reason? Part of our multimedia library, learn in this video what is money management in Forex and how to adequately manage your account equity when trading. If you would like to know more about how to protect your trading capital with the adequate Forex money management techniques, so that you can trade the markets for longer, please read our article What is Proper Forex Money Management.

The Contract Size field tells how many units are in one lot. View image × Use our handy Forex margin calculator to know exactly the percentage of funds required to open a trading position based on the available leverage offered by your broker.

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Finding the Best Forex Broker: 7 Key Factors. Benefits of Micro and Nano Lot Brokers. Technical Indicators. Forex Basics. Video: What is Money Management in Forex. Learn More If you would like to know more about how to protect your trading capital with the adequate Forex money management techniques, so that you can trade the markets for longer, please read our article What is Proper Forex Money Management.

Deposit currency AUD BCH BTC CAD CHF CNH CNY CZK DKK DOGE DSH EOS ETH EUR GBP HKD HUF ILS INR JPY LTC MXN NOK NZD PLN RON RUB SEK SGD THB TRY USD XAG XAU XLM XRP ZAR. Lots trade size. EURUSD Price. Contract Size of 1 Lot. Deposit amount to open the trade View EURUSD Live Chart View EURUSD Historical Chart. Switch to units Forex pairs are , units per 1 lot Units per 1 lot vary on non-forex pairs, please check with your broker In MT4 and MT5 right click a symbol and then click Specification.

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With the power of compounding, in the long run, you will be able to grow your account by a considerable amount! Metatrader 4 Tutorial. and provide educational content to help them learn how to become profitable traders. Once you figure out how much you can safely allocate to your real trading account, you have to work hard to protect your capital. Trading System H4 Divergence.

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