Money management that will keep you in the game for a very long term.
If you can trade 0.01 on $100 (1 running position) and survived
Then you can also trade 1.00 lot on $10,000 account (1 running position) and survive.
You need 1000 negative pips to blow $100 account trading 0.01 (1 running position)
You also need 1000 negative pips to blow $10,000 account trading 1.00 lot (1 running position)
$5000 ll 0.50 lot ( 1 position)
$3000 II 0.30 lot (1 position)
$1000 II 0.10 lot (1 position)
$500 ll 0.05 lot (1 position)
$100 II 0.01 lot (1 position)
This apply when you only taking 1 running position. If you will like to open more position for example you have $1000 account and want to open like 10 position, instead of taking 0.10 on one trade you go 0.01 which will allow you to take 0.01 × 10 equivalent to 0.10 lot
Forex Trading is not a get rich quick scheme , you will quit before you even make $100 withdrawal if you have this mentality of getting rich quick from trading.
@BUHLEFX 2017 WOMEN IN FOREX
