Forex Money Management Embracing losses leads to success

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Money management in Forex Trading

Learn more about money management strategies, techniques & tips that you can use when you trade with Forex. Avoid the risks associated with trading, and learn how to create strategies that will ensure your success in the markets.

To trade on the Forex markets is to speculate on uncertainty. Serious and professional traders should always incorporate money management strategies into their trading plan to protect their investments. Professional traders use different money management strategies along with their regular trading plan, and if you want to avoid a severe drawdown on your account, you probably will do it too. So, how do you best prepare for uncertainty?

Main article sections:

Forex Money Management

Forex money management tries to balance two things: restricting worst-case scenario losses to an acceptable level and maximising potential profits.

In other words, we are trying to avoid risking so much that you lose everything or are compelled to stop, OR trading so conservatively that most of your money is still in your wallet when you win.

Adequate Forex money management strategies allow you to keep trading through the bad stretches that will inevitably occur. There are many books written on the subject, often involving complicated mathematical analyses. However, the good news is that the best money management strategies can be simple.

As always, to succeed at trading you will need a complete trading plan that will tell you when to enter/exit, which currency pair to trade and how to manage your money.

So Forex money management is vitally important – and should be taken as a part of the complete trading plan. Below is a list of general guidelines that should be incorporated into a trading plan.

Cut losses short, let profits run

You should always use stop losses in the best possible way by allowing your profits to accumulate when you have a winning position. Traders often use profit stops for this purpose.

The fact is that trading is not about what you want to make, as profits will take care of themselves. It’s about what you don’t lose that matters

What is Money Management in Forex Trading

Trading currencies involves taking substantial risks and disparate Forex money management techniques, no matter what the system you use. Because of the free-floating currency market, currency trading without any plan has considerably more in common with gambling than investing.

That is why it is crucial to have a proper Forex business plan. That way you won’t be gambling, but instead, investing at minimal risk. We are always here to listen to you and assist you.

As a result, putting funds at risk which you cannot afford to lose should never even be considered a professional Forex trading behaviour. This includes money needed for crucial housing expenses such as your mortgage or rent payment, or the weekly costs that are necessary for you or your family’s sustenance.

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In general, traders perform better by only trading forex with funds known as risk capital.

That amount of money has been predetermined for trading because it is expendable and therefore not needed for the essentials of living.

Intermarket correlation

Currency pairs tend to move in correlation with one another more than other asset types such as stocks. You need to understand the Intermarket connection in order to make better trades. That is, they’re strongly correlated either positively or negatively. If you trade the majors, all of your positions are likely to be correlated with one another as most significant pairs are connected to USD. Remember, Forex money management rules need a complete understanding of Intermarket correlation.

Checking both the ‘historical’ and ‘now moment’ correlation is important. If you use MetaTrader, then MetaTrader 4’s Supreme edition is the right tool for you.

It will make decisions based on your overall account exposure. If you allow high exposure on correlated pairs, your account balance will be heavily affected by the movements of just one or two of them.

Compound Your Account

Compounding describes how numbers, or money, can grow. Compounding is the exponential growth of a sum of money by continuously reinvesting all profits without any withdrawals, so although the profit percentage remains the same, the original amount of money might grow at a rapid rate.

With the power of compounding, in the long run, you will be able to grow your account by a considerable amount! This could be a good Forex money management plan for you!

Be careful with emotions

However, beware of human emotions. As the stakes get higher, you will suffer more from emotions as you realise you are working with much bigger stakes. If you notice that this is happening it means it is time for a “wake up call” and time to step back into reality.

Professional traders recognise this, and they will not let their emotions drown their profits. By applying this advice, and trading money management, you’ll be ahead of 95% of the crowd, and you should be able to make consistent profits.

Don’t forget that the Forex Holy Grail lies hidden inside you. Hone your money management skills with our free demo account.

Stay tuned! Follow the updates in our Education section.

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

4 Money Management Mistakes That You Don’t Want to Make

Updated: September 22, 2020

One of the main driving forces for Forex traders is to escape the confines of their daily monotonous grind. We all fantasize about breaking free of conventional jobs and experiencing freedom while making money from our computers.

But, does that mean you can just sit on your couch and casually press buy and sell buttons while watching Game of Thrones?

Probably not. The reality is, you’re leaving a world that you’ve been raised to survive in and jumping into one that nothing has prepared you for. In Forex, a different set of rules exist.

As a trader, we know in the back of our minds how important risk management is – not only for our account’s health, but our mental health as well. Get it wrong and you will take a nose drive financially and emotionally – get it right and the returns will naturally flow in.

The approach of the average trader makes it very difficult for them to ever earn profits or sustain real growth from Forex trading.

I talk with a lot of traders everyday, and there seems to be a few common mistakes that keep reoccurring. Today, I wanted to talk about risk management, and highlight some of foundations you might be building your money management ‘mentality’ from, which could be harming your chances of getting where you want to be.

Don’t Be Money Goal Orientated

Some of the most common questions go a little something like this:

  • Can I make 10% per month?
  • How many signals per week can I expect?
  • How long will it take to double my account with $1000?

All these questions really have a strong focus point – the urgency of making money really fast .

The big issue I have with these kind of ‘goal orientated’ questions, is that you really can’t definitively answer them the way the trader ideally wants them answered.

The market is a dynamic environment. One month could be absolutely pumping, and be ‘easy pickings’ with very lucrative trade signals. The following month could be a complete dead zone, where price consolidates, churns in low volatility, and doesn’t allow you to make any money off price movements.

Don’t try to force rigid monetary, or money management goals on a fluctuating environment. How are you going to meet your criteria if the market flattens out?

Picture this, you’re on the last week of the month:

What are you going to do if you’re no where near close to completing your ‘monthly quota’? How are you going to respond to the self-inflicted pressure you’ve placed on yourself to reach your monetary goal?

With a sense of urgency, you may feel the need to be more aggressive and start forcing trades out of the market, trades that you wouldn’t normally pull the trigger on – but you feel like you need to take decisive action under this pressure.

The best way to remedy this is to not set any goals at all, instead concentrate on becoming an excellent trader who is a ‘master chart reader’ and manages risk very well.

Just learn to embrace what the market offers you.

Only take action when the market offers your system’s trade signal, you know the ones that provide an edge with the probabilities in your favor. So limit yourself to them.

No signal = No trade.

We don’t like admitting that we can’t predict or control what’s going to happen every single time we look at the charts. Sometimes the markets are just noisy and very hostile to trade in, and it is that simple. They become a black hole, you keep throwing money at it, and it gets consumed in consolidation.

Some months you will do well, others you may not see any gains, or even suffer a loss. The last thing you want to do is define your success with absolute numbers leading into self-inflicted emotional pressure, and a negative self-evaluation if they are not met.

The Forex markets are not really designed to send your financials into the stratosphere at breaking speeds. If they were, there would be a lot more Ferrari’s on the road.

If you try to make money fast, you will be taking on incredibly elevated risk – and most people find themselves on the wrong side of it.

Checkpoint

Measuring Success in Pips

If you stop by any public forum you will see traders measuring their trade outcome with pips, or ‘how many pips they are up or down’ for the day.

It’s become the social standard for Forex traders, we’re all used to talking with each other in this fashion, using pips as a reference point for performance.

But, the truth is it isn’t really the correct way for a serious trader to assess how well a trade went, or to evaluate risk.

Pips are just a measurement of distance on the price chart – catching the move is great, but what is more important is how the trade was setup in order to catch the move.

You see, a pip to me will have a different meaning to you, and a different meaning again to another trader. Pips are relative measurements and have relative values.

If you ‘make 150 pips’, but your stop loss was set with a distance of 500 pips – it’s a negatively geared risk/reward trade that doesn’t give you any bragging rights.

Above the example trade is illustrated – It becomes clear how suicidal this type of negative geared trade setup is. You’re risking more pips, in order to make a few.

So you might think someone did already because they ‘won 100 pips’, but if they told you they risked 500 pips to get it, you might hold back the applause.

Also you have to keep in mind a 100 pip move will look very different on say the EUR/USD compared to the EUR/AUD, and different again on Gold. If you seen the EUR/USD move 100 pips, it wouldn’t be uncommon to see the EUR/AUD move 250 pips in the same day. Gold can easily move 2000 pips in one session, and when you compare all the charts side by side, they all look very similar despite the drastic differences in pip movement.

Even though both candlestick charts look the same – they move a drastically different amount of pips for day. Gold moves 10x as much as the EURUSD, but you wouldn’t pick that just by looking at the candlesticks.

100 pips on the EURUSD is not the same as 100 pips on Gold.

Again, pips are a relative measurement and aren’t really comparable to one another across different markets.

To throw things out even further – Pips also contain a ‘pip value’ that is unique to each trade.

A pip value is determined by the:

  • lot sizing of your trade
  • the quote currency of the instrument you’re trading
  • the currency your account is in

If your trading account has USD in it – then any pair that has XXX/USD will have a pip value of $10 per lot. If you where using AUD in your account instead, and trading a XXX/USD pair, then the pip value will be determined by the AUD/USD exchange rate and the lot sizing of the pair you’re trading.

Let’s say GBP/USD was opened with 5 standard lots, and the trading account contained USD – then each pip would be worth $50. The trade would increment or decrement $50 for every pip gained or lost. A 100 pip move ‘in the money’ would put you ahead $5000.

Compare the same situation to another person who takes the exact same trade but uses Australian Dollars instead – the ‘pip value’ will be different, and you need to make up this difference by adjusting your lot sizing to compensate. I won’t get into the math here, that’s all covered in our Price Action Course.

So, when someone tells you that they won 200 pips on their trade – it really doesn’t mean much. If it was the EURUSD, the move was pretty decent, probably a good trade – but if the trade was on Gold, it is much less of an achievement.

Remember, the real measure of a trades success is how much return on investment you were able to get out of it .

The bottom line for trading is money – we’re not trading with magic beans here, we’re looking to make $$$. So, the final outcome of a trade’s performance needs be counted as return on investment.

If you had to risk $1000 to make $100 – then you’re flirting with an account meltdown. If however, you risk $100 and make $1000 you’ve done well, banking 1000% ROI. These sort of trades can happen, I got about 900% ROI on this trade.

We all know to fit into the social crowd, you’ve got to fall back to the classic way of talking about pip moves here and there, but when it comes recording your own data, don’t be a pip counter when measuring your success.

Checkpoint

Under Capitalization

How many accounts have you severely compromised or totally wiped out, because you just were not happy with the profits you were making, and decided to amp up your risk to over compensate?

A serious Forex trader knows trading should be treated like a business. New businesses in general have a high failure rate, not just Forex ventures. Even the online startups or the classic brick and mortar stores have a poor success rate .

One of the most common failures for a small business is under capitalization – not having enough money.

The ironic thing with Forex funding is that you can ‘start up’ and operate with small amounts of money. Technically you can trade with initial investments from as little as $100!

Having said that – if you want Forex to generate you $500 a week from a $100 start up, then you’re very under capitalized!

Under capitalization affects a trader deeply on the psychological level.

Under capitalized traders want the high income they desire, but don’t have the account power to make it happen so they are likely to risk more and over expose themselves.

This can lead to a quick wipe out and a frustrated, angry trader.

It’s best to have realistic goals, and save up the money that you really need to be able to generate the kind of returns you want to see. If you aren’t satisfied with what you’re achieving – you’re most likely going to ‘turn up the dial’ to try move the needle more quickly.

Don’t be the one who overexposes their account to massive risk under desperation to hit ‘the big win’. This is a gambling mentality that provides the wrong frame work for a trader to develop their mindset.

It’s better to start up with investment capital that you don’t have to worry about living off of, then you can just concentrate on growing it with good risk management. Once it reaches a certain threshold you’re happy with, you might make the decision to start pulling out money from time to time.

Once you’ve gotten used to the occasional withdrawal and you’re still able to maintain account growth – then you can consider jumping over to full-time trading.

Checkpoint

Cutting Trades Off Too Early

One of the quickest ways to shoot yourself in the foot is to become the ‘Forex micro manger‘ – the trader who sits there making many fine tuned adjustments to their open positions.

Sometimes you may feel like you need to sit there and babysit your trades and nurture them into profit, or cut them loose if there are any signs of negativity.

You think you’re the caring mother, but what you’re really like is the crazy doctor performing ‘open trade surgery’. Stop ‘hacking’ into your trade and scarring your account.

When a trader makes adjustments to their stop loss or moves a stop loss to break even – or does anything that is outside of the original trade’s plan, it will generally result in an unfavorable outcome.

Don’t sit there and watch your floating P/L, every tick will boil up more and more emotions – especially when the trade ticks against you. By doing this, you are more likely to close a trade based off emotions even when there are no clear exit signals.

Think about all the times you’ve tampered with your open trades and all it has managed to do is deprive you of potential profits that you would have otherwise collected.

Price won’t move in the straight line you want it to. Instead it moves in wave like motions, or a zig-zag kind of pattern. It’s only logical to expect a trade to phase in and out of profit as the market gradually moves where it wants to go. This is the basic principles of swing trading.

Do yourself a favor, set your trade up in a logical manner that you’re confident in and then just walk away. Close your trading terminal down and don’t even look at it until the next day.

This ‘set, forget & collect’ system will do wonders for you, financially, mentally and emotionally.

One of the best ‘hands off’ approaches is to use ‘end of day signals‘, then set and forget them. A lot of traders use this approach to work their trading into a busy life schedule.

A trader could check the markets at a key time, like at the end of day New York close, place their trades and continue with their normal daily routine – like a day job, study, look after the kids, etc.

When you take this hands off approach, it really removes the risk of making those deadly ‘mid-trade’ decisions – and you can catch some really strong market moves with little effort as a result.

I am a big fan of keeping Forex simple by putting less effort into trading, setting trades up, and letting the markets do the rest of the work for me. It’s a good feeling when you only take 15 minutes of your day to analyze the market, set up a trade, and it turns out to produce 600% ROI.

If you would like to learn how to put less effort into the markets, but reap more rewards – you should have a look at the War Room Membership which contains our Price Action Course.

I have 3x money management models inside the course. One specializes in removing risk from the market very quickly, so you can have open trades open with zero risk to your capital, another is a more aggressive pyramid strategy, which is for experienced traders seeking a profit multiplication strategy.

We also have ‘set, forget and collect’ trade builds, as many of the war room traders also have busy lives they need to work around. Set, forget, and collect trading works very well, but if you like to be a bit more active then we do have London breakout setups and the chat room is always buzzing with intra-day trading discussion.

To find out more, check out the War Room Information Page.

I hope you enjoyed today’s article, please leave a comment below and let me know if you’ve caught yourself in some of the behaviors we’ve discussed today.

Good luck on the charts this week, talk soon.

Мани менеджмент — краеугольный камень успеха на Forex

Здравствуйте, товарищи форекс трейдеры! Мани менеджмент (money management) или управление капиталом, управление рисками — ЭТО САМОЕ ГЛАВНОЕ в торговле на валютном рынке Forex. Без грамотного подхода к расчету торгового лота ваш счет будет обречен. Независимо от торговой стратегии. Я искренне надеюсь, что эта статья и обучающее видео помогут вам понять, почему мани менеджмент так важен и как следует рассчитывать риски при открытии позиций на форекс.

Forex: Управление капиталом

Возьмите двух трейдеров-новичков, посадите их перед экраном, предоставьте каждому из них возможность работать, используя самую лучшую торговую систему, и для ровного счета, предложите каждому торговать, открывая позиции, противоположные друг к другу. Более чем вероятно, что в итоге оба потеряют свои деньги. Однако, если взять двух профессионалов и дать им установку торговать в противоположных направлении друг по отношению к друга, то оба трейдера в конечном итоге заработают деньги – и это несмотря на кажущееся противоречие в направлениях их торговой деятельности. В чем разница? Что является наиболее важным фактором, который разделяет опытных трейдеров и дилетантов? Ответ заключается в умении управлять капиталом. В мани менеджменте.

Как и в отношении соблюдения диеты или занятий спортивными тренировками, управление капиталом является тем, что у большинства трейдеров звучит лишь на словах, но чему практически не уделяется внимание в реальной жизни. Причина проста: так же, как и здоровое питание и пребывание в хорошей физической форме, управление денежными средствами может показаться обременительной и весьма неприятной деятельностью. Это вынуждает трейдеров постоянно контролировать свои позиции и принимать необходимые потери, и мало кто любит это делать. Тем не менее, как показано в таблице ниже, принятие потерь имеет решающее значение для достижения успеха в торговле в долгосрочной перспективе.

Размер потерь собственного капитала

Размер прибыли, необходимой для восстановления первоначального размера капитала

Данная таблица показывает, насколько трудно восстановиться после тяжелых потерь.

Обратите внимание на то, что трейдеру придется заработать 100% от размера своего депозита – подвиг, который в действительности совершает менее чем 1% трейдеров по всему миру – только для возврата к уровню безубыточности по своему счету в случае, если потери составят 50%. При просадке в 75% трейдер должен будет четырехкратно увеличить свой ​​счет только для того, чтобы вернуть свой капитал на исходный уровень – а это действительно сложнейшая задача!

Один крупный выигрыш

Несмотря на то, что большинство трейдеров прекрасно разбираются в цифрах, они постоянно их игнорируют. Книги, посвященные трейдингу, содержат бесчисленное множество историй трейдеров, потерявших из-за одной, в корне неправильной сделки прибыль, накопленную на протяжении одного, двух и даже пяти лет. Как правило, быстро растущие потери представляют собой результат небрежного мани менеджмента, без жестких стопов и усреднения позиции при движении цены против трейдера. Прежде всего, быстро растущие потери объясняются банальной потерей дисциплины.

Большинство трейдеров начинают свою торговую карьеру, сознательно или подсознательно визуализируя «один крупный выигрыш» – одну крупную сделку, которая принесет им миллионы и позволит отойти от дел в молодом возрасте и обеспечить всю оставшуюся часть своей жизни. На рынке FOREX эта фантазия подкрепляется всевозможными историями о тех или иных событиях, происходящих на рынке. Наверное, каждый из нас помнит то время, когда Джордж Сорос «сломал банк Англии», сыграв на понижении фунта и с легкостью заработав 1 млрд USD прибыли в течение одного дня? Но суровая правда для большинства розничных торговцев заключается в том, что, вместо того, чтобы испытать один «крупный выигрыш», большинство трейдеров становятся жертвой одного «крупного проигрыша», который может выбить их из игры навсегда.

Обучение жестким урокам

Трейдеры могут избежать этой участи, контролируя свои риски путем расстановки стоп-лоссов. В знаменитой книге Джека Швагера «Биржевые маги» (1989), внутридневной трейдер Ларри Хайт, который следовал за трендом, предлагает такой практический совет: «Никогда не рискуйте более чем 1% от своего капитала, независимо от инструмента и вида торговли. Рискуя лишь 1% своего капитала, я абсолютно спокойно отношусь к любой своей сделке». Это очень хороший подход. Трейдер может ошибиться 20 раз подряд, и при этом у него останется 80% своего капитала.

Реальность такова, что очень немногие трейдеры соблюдают дисциплину, которой бы они придерживались в обязательном порядке. В отличие от ребенка, который понимает, что нельзя прикасаться к горячей печи только после того, как он однажды или дважды обожжется, большинство трейдеров может усвоить уроки дисциплины риска, только получив суровый опыт денежных потерь. Это является самой главной причиной тому, почему трейдерам при первом входе на валютный рынок форекс следует использовать только их спекулятивный капитал, сумму, которую они готовые потерять. На вопрос новичков, какое количество денег им следует иметь для начала торговли, опытный трейдер ответит следующее: «Выберите цифру, которая существенно не повлияет на вашу жизнь в случае ее полной потери, и разделите это число на пять, потому что ваши первые попытки торговать, скорее всего, окажутся неудачными». Это тоже очень мудрый совет, и его стоит придерживаться всем, кто начинает торговать на рынке Forex.

Стратегии управления капиталом

Говоря в общем, существует две стратегии успешного управления капиталом, применяемые на практике. Трейдер может устанавливать частые и небольшие стопы и пытаться взять прибыль с нескольких крупных прибыльных сделок или же брать с рынка частую, но небольшую прибыль и устанавливать нечастые, но большие стопы в надежде, что многие небольшие по размерам прибыли перевесят несколько крупных потерь. Первая стратегия может вызывать множество незначительных случаев психологической боли, связанных с потерями, и в то же время и несколько крупных моментов удовлетворения, связанных с получением большой прибыли. С другой стороны, вторая стратегия приносит множество небольших моментов радости, связанных с получением частных и небольших прибылей, и в то же время несколько психологических ударов, связанных с получением редких, но крупных потерь. В связи с редкой расстановкой стопов довольно часто происходят случаи, когда за одну или две сделки трейдер теряет прибыль, накопленную в течение недели или даже месяца.

В значительной степени, стратегия, которую вы выберете для своей торговли, зависит от вашей личности; это является частью процесса становления для каждого трейдера. Одним из главных преимуществ рынка FOREX заключается в том, что обычные трейдеры могут совмещать обе стратегии в равной степени, без каких-либо дополнительных затрат. Поскольку рынок FOREX основан на спредах, затраты на исполнение каждой сделки одинаковые, независимо от размера взятой прибыли.

Четыре типа стопов

Как только вы готовы торговать с серьезным подходом к управлению капиталом, к мани менеджменту, и на вашем счету имеется определенное количество денежных средств, вы можете использовать следующие четыре типа стопов.

1. Стоп на основе баланса депозита.

Это самый простой из всех стопов. Трейдер рискует только заранее определенной суммой своего счета при совершении одной сделки. Общий расчет состоит в том, чтобы риск не превышал 2% от суммы денег на счету при любой стратегии торговли. Если, к примеру, на торговом счету имеется 10 000 USD, то трейдер может рисковать только 200 USD, или приблизительно 200 пунктами при использовании одного мини-лота (0,1 лота) валютной пары EURUSD, или только 20 пунктами при использовании одного стандартного лота (1.0). Агрессивные трейдеры могут рассматривать вопрос об использовании стопа, равного 5% от суммы денег на счету, но при этом необходимо учитывать, что данная сумма, как правило, рассматривается как верхний предел разумного управления капиталом, потому как 10 последовательных, неправильно совершенных сделок могут сократить размер вашего депозита на 50%.

2. Стоп на основе графического анализа.

Технический анализ позволяет вам устанавливать тысячи возможных стопов, в зависимости от графика движения цены или различных сигналов, предоставляемых техническими индикаторами. Трейдеры, ориентирующиеся на технические сигналы, вполне успешно могут объединить эти точки выхода со стандартными правилами расстановки стопов на основе баланса депозита (см. выше) и получить стопы на основе графического анализа.

3. Стоп на основе волатильности.

Это более сложная стратегия по сравнению с расстановкой стопов на основе графического анализа. В данном случае для расстановки параметров стопов вместо графика движение цены используется ее волатильность. Суть заключается в том, что в условиях высокой волатильности, когда цены колеблются в широких диапазонах, трейдеру необходимо адаптироваться к настоящим условиям, и при открытии позиции ему следует увеличивать свои риски, с тем чтобы внутрирыночный шум не задел его стопы. Для низкой волатильности справедливо противоположное суждение: параметры риска должны быть уменьшены.

Один простой способ измерить волатильность – это использовать полосы Боллинджера, которые отображают стандартное отклонение для оценки возможных различий в движении цены. Также многие трейдеры используют индикатор ATR для расчета стоп-лоссов. Обратите внимание на то, что общая величина риска при открытии позиции не должна превышать 2% от величины депозита, поэтому очень важно, чтобы трейдер входил в рынок меньшими количествами лотов, с тем чтобы правильно рассчитать свой кумулятивный риск в торговле.

4. Стоп по маржин-колу.

Это, пожалуй, наиболее нестандартная из всех стратегий управления капиталом. В отличие от биржевых рынков, рынок форекс работает 24 часа в сутки. Таким образом, дилеры рынка Forex могут ликвидировать позиции своих клиентов почти сразу, как только у них наступил маржин-кол (margin call). По этой причине торгующие на рынке форекс редко находятся в опасности получения отрицательного баланса на счете, так как компьютеры брокера автоматически закрывают все открытые позиции. Такую стратегию можно применять только, если вы готовы к ПОЛНОЙ потере всего депозита в любой сделке. Что малопродуктивно.

Многие трейдеры по незнанию используют такой тип стоп-лосса, когда открывают позицию, несоразмерную сумме на счету. В основном новички.

Калькулятор для расчета торгового лота

Совет рисковать в каждой сделке 2% от депозита — это понятно. Но как эти проценты высчитывать? Даже те из нас, у кого были в школе пятерки по алгебре, уже давно забыли все нужные формулы. Дабы облегчить жизнь рядового трейдера, я поделюсь с вами специальным калькулятором в виде excel-таблицы для расчета размера торгового лота в соответствии с заданным уровнем риска, размером стоп-лосса и валютной парой. Скачать этот калькулятор, а также посмотреть видео о том, как его использовать вы можете ниже.

Скачать калькулятор для расчета размера ордера

Заключение

Как вы видите, управление капиталом (мани менеджмент) на рынке форекс является таким же гибким и разнообразным, как и сам рынок. Единственным универсальным правилом является то, что ваша главная задача — это оставаться в игре. А это недостижимо без грамотного подхода к выбору размера позиции.

Fundamental Forex Money Management Rules – Money Management

If you intend to work in financial markets, you need to be aware that, first of all, you need to develop an effective capital allocation program. Systematic capital Management when working in margin trading markets, it guarantees the trader a safe existence. You should strictly observe the equal ratio between the amount of profit and the amount of losses in an average transaction. In this case, the trader does not play, but works with his investments. Considering money management, get acquainted with what are the main provisions in this process.

The basic tenets of Money Management

– Mandatory reserverequired in non-standard situations is at least half of the invested capital. This is the first rule for determining margin for open positions. That’s Murphy’s advice. However, for safe work, many analysts recommend an even lower percentage of invested capital – from 5% to 30%.

– The trader’s use of the following principle helps to avoid ruin: should not be invested in one market more than 10% -15% of all used funds and invest solid capital in a separate transaction. Murphy recommends laying the risk standard for each market not more than 5% of the amount of investments. In this case, in a losing trade, the trader loses an insignificant part of the invested funds. Elder leads an even smaller figure: from 1,5% to 2%.

– Each trader seeks to make a profit, this is a natural desire when working in the market. However, in this desire do not forget about possible losses. If you place capital on the market of one group, the total guarantee amount should not exceed 20% – 25%, since the markets of one group move relatively equally. Do not forget that you should apply the optimal allocation of funds, to some extent, they should be diversified. In this case, losses from one major transaction may be covered by profit from another.

– Degree determination diversification portfolio. One way to protect invested capital is to diversification. But in this case a sense of proportion is necessary. How to determine the degree of portfolio diversification by managing capital? A steady compromise between concentration and diversification is required. If you simultaneously open positions in no more than four or six markets of different groups, you can achieve a relatively reliable distribution of funds. It must be understood that the diversification of invested funds is the higher, the higher the value of the negative correlation that exists between markets.

– Determining the level of stop loss orders. At the time of the absence of the trader, they are placed at their workplace stop orders. This is done in order to save the trader from ruin (execution of stop losses), or in order to provide additional profit (stop profit).

Stop Loss Sizedepends, first of all, on how much the trader is ready to lose on one transaction, and, secondly, on the correctness of his analysis of the situation on the market. For example, a trader has a dollar deposit of size S. When opening a position, he has a loss of L percent of the deposit amount. Suppose a 100,000 contract opens with a purchase of USD against the sale of the Swiss franc CHF, and the opening price is p1.

Buy USD 100,000;
Sell ​​CHF p1 x 100,000.

At what mark p2 should a player put sell orderso as not to exceed the permissible loss level SxL?

If the order at p2 were triggered, the loss from this position would be:

Loss = -CHF (p1-p2) x100,000.

Again, the loss should not be more than USD SxL, or in Swiss francs CHF SxLxp2. Therefore, we have:

(p1-p2) x100,000 = SxLxp2,

from here we derive the following expression for determining the level of the order:

p2 = p1-p1 xSxL / (SxL + 100,000).

When determining the level stop order the trader should proceed from a reasonable combination of technical factors reflected in the price chart and considerations of protecting their own funds. The more volatile the market, the more removed the levels should be. stop loss orders from the current price level. To minimize losses from failed transactions, the trader needs to place a stop order as close to the price level as possible. In case of short-term price fluctuations (“interference”), too “hard” stop orders can lead to an undesirable liquidation of the position. Too remote stop orders not so sensitive to “interference”, however, can lead to significant losses.

– Definition of a ratio of possible profit and loss. If the market moves in an undesirable direction, the rate of return, which is determined for each potential transaction, must then be balanced with potential losses. Usually this ratio is set as 3 to 1. Otherwise, you should refuse to enter the market. For example, if a trader lays down the risk from a transaction of $ 100, then the estimated profit should be $ 300.

Realizing capital Management, one should strive to maximize profits by maintaining profitable positions as long as possible in the event that a relatively small number of transactions during the year can bring significant profits. At the same time, losses from unsuccessful transactions must be minimized.

For any inquiries, We’re here to answer you. Trading with multiple positions. If a trader enters the market with several contracts, concluding a contract for more than one lot, he needs to divide them into so-called trend and trading positions. In this case trend positions being conducted with fairly liberal stop ordersthat allows you to maintain these positions even in conditions of consolidation and price adjustment. Such tactics enable the trader to extract maximum profit from the transaction.

Trading positions are limited by rather rigid stop orders and are intended mainly for short-term trading. In this case, when the trend resumes, they are restored, and when certain price guidelines are reached, they are closed.

– Conservative and aggressive approaches to trade. The conservative approach is preferred by many analysts. For example, Tevels, Harlow, and Stone in their book “The Game in Commodity Markets” futures”Write:

“. a trader who has the worst opportunities for profit, but at the same time adheres to a conservative style, is actually more likely to achieve long-term success than a trader who has great opportunities for profit, but plays aggressively.”

Murphy is of the same opinion:

“. conservative traders ultimately win. The trader who wants to get rich quickly plays aggressively. His income is very significant – but only as long as the market moves in a direction favorable to him. When things change, an aggressive strategy tends to fail. ”

Rules for opening positions:

1. open only if there is one main and at least one additional signal;

2. Before opening, it is necessary to formulate and write on paper in advance: the price of entry into the market; the price at which we close the profitable position; the price at which we close the losing position; estimated time of “life” of an open position.

3. open up trend carefully and for a short time;

4. open during flat carefully and briefly.

Rules for maintaining positions and partial closing until the estimated time:

1. only if the analysis confirms the conclusions made earlier, support the position;

2. partially close: if the loss exceeds the calculated values; when the price has reached the mark calculated for profit;

3. wait: if the amount of losses is lower than estimated; when the price remains the same; if the price has not yet reached the calculated mark for profit.

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