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🔰Forex Optimal: MONEY MANAGEMENT PLAN🔰
Money Management is a very important aspect of your trading career that you'll have to deal with If you really don't want to keep loosing your balance.
✍️ I have carefully structured out a good money management plan that would last in test of time in growing your trading account with time. Find these plans below 👇
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FOR A $1,000 Account
⚠️ Maximum lot per trade should be 0.02 lot per trade
⚠️ Open maximum number of 5 trades at a time
⚠️ Avoid multiple entries by all means
⚠️ Maximum Leverage should be 1:100
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FOR A $5,000 ACCOUNT
⚠️ Maximum lot per trade should be 0.05 lot per trade
⚠️ Open maximum number of 6 trades at a time
⚠️ Avoid multiple entries by all means
⚠️ Maximum Leverage should be 1:200
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FOR A $10,000 ACCOUNT
⚠️ Maximum lot per trade should be 0.1 to 0.2 lot per trade
⚠️ Open maximum number of 6 trades at a time
⚠️ Avoid multiple entries by all means
⚠️ Maximum leverage 1:500 (Lower Recommended)
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FOR $20,000 TO $100,000 ACCOUNT
⚠️ Maximum lot per trade should be 0.5 Lot to 2.0 Lot per trade
⚠️ Opening maximum number of 4 trades at thesame time
⚠️ Avoid multiple entries by all means
⚠️ Maximum leverage 1:500
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ACCOUNTS BELOW $500
⚠️ Get a cent or Micro account and follow same principles as you have in the list. Trade maximum 0.01 Lot per trade