19m 41s: Lenght

How to last more than 3 years trading Forex? It is all about money management!!! Winsor Hoang, founder of www.ctsforex.com will explain the money management required with a free software tool called Monte Carlo Money Management. For managed forex accounts to become profitable, it is about risk management and not profit taking. Can your account handle 20 consecutive losing trades? Using the Monte Carlo software, Winsor Hoang will demonstrate that 25 consecutive losing trades are not far fetch. If a managed account does not have sufficient capital, it will not able to handle a typical drawdown based on a large statistical sample of trades. The risk profile of the account owner will also play a role in whether or not the account may stop prior to the system playing out its edge. If the account owner is conservative, he will require a larger initial capital to handle a drawdown. An aggressive managed forex account owner will need smaller initial capital; however, he will experience larger volatility swing. Winsor will demonstrate that it is not necessary to have high winning percentage if your reward to risk ratio is high. If the reward to risk ratio is low, then it is required to have high percentage of winning trades to keep the account profitable. There are three regions of profitability 1) cut your losses short and let your profit run 2) don't let winning trades turn into losing trade 3) hybrid region. By understanding Monte Carlo and use proper money management, you will be a profitable managed forex accounts. Dowload our free software today at www.ctsforex.com