Forex Capital Management: important about the important

The Forex currency market has become commonplace for a long time, since there is no such person who would not have heard about it. Perhaps every second even tried to make money on it, but managing the capital forex is not an easy thing.

As a rule, in order to start trading, it is necessary to study the theory of Forex - money management, as well as to have constant access to the Internet.

The most important plus - you can trade when you want, and with the amount that you have.

In other words, earnings on Forex, money management - all this was called "mani management."

There are rules, compliance with which will help you at first save your money, and perhaps, and multiply them:

- Firstly, when you decide to trade Forex, soberly assess your financial capabilities. As mentioned above, the risk of losing money for a novice trader is very, very high. Proceeding from this, start with the amount, the loss of which for you will not be a tragedy. And this risk persists during the first year of trade;

- Secondly, if you have a real opportunity to allocate about five thousand dollars for trading, it is better if you spend some of this money on your training. You minimize possible risks, and learn the basics in a short time (rather than with self-study). In this case it is recommended to allocate from all possible sum literally 20 or 30 percent. Once you lose money, you can easily replenish your deposit with another 20 percent;

Let's look at an example. If suddenly you have the opportunity to lose one hundred dollars, then the deposit will amount to $ 20.

Undoubtedly, 20 dollars for trade - a very small amount, even extremely small. But from any situation there is an exit, as well as from this. Effective management of Forex capital is possible because of the large number of accounts:

- demo account. Ideal for beginner traders, since you will not lose anything on it, because the money is virtual. But you will gain a serious experience, because the theory never makes sense without practice. Of course, with such a trade there is one limitation: it is worth putting serious psychological protection in your brain, since this type of game on the exchange can turn you into a gambler who can not manage his capital;

- Cent account. Of course, this is a real trade for real money. Their dollar account is transferred to a cent, that is, 20 dollars will be on the account as 2000 cents. Plus - you will learn how to win and lose;

- micro. You trade for dollars, but the minimum lot is 0.01. It's better if you can start with a sum of three hundred dollars.

Actually, the management of Forex capital with a minimum possible amount on this can end. All other types are more suitable for professionals.

There is such a thing as pamm-accounts, when an experienced trader simply helps others to earn. Money management takes place without your direct involvement. Who knows, maybe, after a while you will reach such a level of money management that you can provide such services to others?