Forex Trading: The PROS & CONS of Money Management Strategies | Forex

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1. So when should i apply the money managment to my trading? I have pretty much learned the basics now, should i apply it to my backtesting? atleast then when i start trading real money i think
2. Thank you Akil !
3. I can do 100-500% returns per week. But yes, it's going against what everyone preaches.
   1:1000 leverage
   3-10% trade margin
   9-30% profit per trade (growth)
   10-50% per day (but I've done 400% days)
   
   Return, in a nutshell, no matter the leverage, is 1:3 minimum. 10% in, 30% out. A m15 retracement (over bought/sold point) is usually 25-50 pips, aka 30 pips.
   
   It's scalable up to any amount and yes it is based on max leverage but no more than 10% margin. That way the margin % is always very high. Only one trade active at a time, as per my own rules.
   
   I catch the TOP of candle tails.. You know.. When they're still candle bodies... ;)
   Then I profit at first m5 or m15 overage retracement.
   
   I use fibonacci's to project a firm 261/423 ceiling or floor... As to which price goes to and firmly is rejected. I tend to use stop/buy limits, so when price action happens in the area, it usually immediately reverses.
   
   I only need 1 pip for 1%, based on 10% in with 1:1000 leverage.
   2 pips for 1% 1:500 leverage (accounts over $1,000)
   2.5 pips for 1% 1:400 leverage (accounts over $10,000)
   5 pips for 1% 1:200 leverage (accounts over $30,000)
   
   It all boils down to money management. Trade frequently and be ready for upsets, margin calls, and emotional losses.
   
   Trade with money management (key % principals) and price action, you will see great returns.
   
   Most people don't really have ANY clue what the markets are doing, so they say 10% a month, 10% a year, 10%....
   
   
   But I'm here doing 10% through 50% per trade... like... Really guys?
4. Hey Akil, thank you very much for another excellent and informative video! I've been watching all of your videos and Jason's videos for months as I cannot afford your 12-week programme right now ;) I have one question though: I've seen that some money management strategies only risk a certain amount of money per trade (e.g. 1,5% of total account equity) instead of having a standardized lot size depending on their capital. This means they are changing their lot size every trade depending on how many pips they are risking for that trade.
   Do you believe that 'tactic' to be viable? Is it something you would advise traders to do? Have you yourself tried that way of managing risk, and how was your experience?
5. Hi Akil! Did you put this books on some reson ? If yes hwo is autor ''The play book " And about video as always on the pik Thanks Akil for your grate job
6. Hey Akil, I'm not a member of trade empowered because it isn't my trading style. However, I watch all your videos because it's very informative in terms of psychology which is most important in my opinion and all your videos are very encouraging and keeping it real. Keep up the great work and keep them coming. looking forward to your next one!
7. It looks like you have the "reply" feature disabled Bryan Wheelock
8. You have "The Buy Side" too? Nice! I bought that not long ago. What other FX/trading books do you recommend?
9. Hey Akil great video on money management. I am going to do something I have been dreading,, which is giving you the link to the new website for my automated system. Before you check it out you should know before I joined the syndicate and the live room all i new about trading was how to login and place a trade. So all of my progress in the past 2 years has been from the live room and the syndicate. The videos are from my new youtube account as I need to keep the other one for my workshop videos, so please remember I am not as fluent as you are when it comes to videos. The site is not finished yet as I plan to do more videos on the auto system and try to gather a list of subscribers, so I would appreciate any advice and input you would have.
   http://www.automated-trading.net
10. Thank you for the video. My question is, I get that you try and maximize wins and minimize losses my varying lot size, but how do you know if the next few trades will be winning or losing trades so you can adjust accordingly? Thank you for your help
11. Great prediction for the GBP/JPY bat pattern, did you get into that trade? herd you didn't want to go in because of the news which would suck, i think we should only listen to the really big news..cause it can always get you out of good trades
12. Also What books would you suggest? Do you have a list somewhere?
13. Akil I have a question, My friend got into stocks and his strategy is to buy in and just not sell until he makes a positive outcome. I advised him that it won't work. But it has been working? I am confused of how this is working. What are the cons to this basic strategy?
14. Awesome video as always :)
15. does your strategy work on nadex.
    I'm very interested in your classes. is there a way I can get in contact with u for further information?
16. Thank for everything Akil. I am a Syndicate member since 2 month ago and I have learned a lot from You and Jason. Now I am in demo and preparing my trading plan to open a real account in February.
17. Hi Akil,
    Could you clarify something?: Since you always trade the same lot size no matter the number of pips you risk, how can probabilities works? Shouldn't you determine the lot size depending on the percentage amount you want to risk on each trade?
    Let's say you made 4 trades, 3 winners then 1 loser, and always a RRR of 1:3. If on the winners your stop loss is at -30pips and for the loser -300pips:
    
    1/ Always the same lot size:
    W +90 pips
    W +90 pips
    W +90 pips
    L -300 pips
    Total= -30 pips (losing money with a 75% winrate and 1:3 RRR!)
    
    2/ Always the same percentage(let's say 1% of you account per trade)
    W +3%
    W +3%
    W +3%
    L -1%
    Total= +8% of your initial capital. (despite you did exactly the same trades, you earn money this time)
    
    Just wondering how you deal with that, what made you choose the first method, and what are the pros&cons of each method to you?
    Thank you!
18. Great vid. I'm new to trading. How long did it take you before you were consistently profitable?
19. great video akil....18 yr old trader here......
20. great video akil....18 yr old trader here......