The First M- Money

Now, "Money" here does not mean how much you should save or how much capital you should use to trade; rather, I'm talking about money and risk management.

Many traders blow their account in one bad trade because they obsess over their trading technique, but have no idea how to manage their risks.

To profit consistently in Forex, you must learn to manage your money smartly and you can do so with position sizing.

In this video lesson, you will learn:

1. How to calculate your position size and know exactly how much to buy or sell in any trade
2. How to control your risk per trade and overall portfolio risk so you never go into the danger of wiping your account
3. How to calculate the expected returns of your portfolio

In the next part of the series, I will share with you about Method - the strategy for consistent profits. Stay tuned and make sure to check your inbox for the next video!