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Forex Options Trading - Forex Money Management: How to Turn $1,000 to $12,000?


abdulla1

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Forex trading is definitely risky. Not all who participate in Forex trading ends up with profits. With fixed ratio money management, you will profit more rather than losing money. It will help you to maximizes your money and limits your looses. It is a defensive strategy in Forex trading. Let me show you how you can turn your $1,000 to $12,000 safely in Forex trading. Follow these steps and start cashing in your profits.

 

Step 1: Open a Forex trading account of $1000 for every lot.

 

Step 2: Determine how many pips you want to gain before you increase your investment in a lot. The minimum pip to start increasing investment varies from people to people. Start with a number of pips that you are comfortable with. Let’ say you decided that 200 pips is enough to start adding to your investment. You’ll need an average of only 10 pips for a day for 20 trading days.

 

Step 3: Increase you’re the percentage of your lot if you achieve your minimum profits. If you haven’t reached your minimum pip, continue trading with the number of pips within your capacity. The increase of on the percentage of your lot should be in the increments of 10% percent per achieved profits.

 

Sample :

 

First 200 pips - $1,000 + (200 pips x 0.1 lot) = $1,200 as your new lot

 

Second 200 pips — $1,200 + (200 pips x 0.2 lot) = $1, 600 as your new lot

 

Third 200 pips — $1600 + (200 pips x .3 lots = $600) = $2200 as your new lot

 

Fourth 200 pips — $2200 + (200 pips x .4 lots = $800) = $3000 as your new lot

 

Fifth 200 pips - $3000 + (200 pips x .5 lots = $1000) = $4000 as your new lot

 

Sixth 200 pips — $4000 + (200 pips x .6 lots = $1200) = $5200 as your new lot

 

Seventh 200 pips — $5200 + (200 pips x .7 lots = $1400) = $6600 as your new lot

 

Eight 200 pips — $6600 + (200 pips x .8 lots = $1600) = $8200 as your new lot

 

Ninth 200 pips - $8200 + (200 pips x .9 lots = $1800) = $10000 as your new lot

 

Tenth 200 pips - $10,000 + (200 pips x 1 lot = $2000) = $12000

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I think this is way too risky for newbie to do 1000 leverages. I think 100 to 500 is good enough for me or for newbie or for anyone who do not want to risk that much money. Risking too much is not for me. I rather do low pips and low profit to lower risks. This might work for some pro but not for no newbie or for me though. 1000 is way too much and if they lose it all they might also lose $12000. 

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