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FOREX CANADA BROKER,FOREX BROKERS RANKING,BEST FOREX BROKER FOR NEWS TRADING,FOREX ECN BROKERS REVIEWS,TOP 10 FOREX TRADING BROKERS Money Management-Section 4: One contract for every $XXXXX FOREX CANADA BROKER,FOREX BROKERS RANKING,BEST FOREX BROKER FOR NEWS TRADING,FOREX ECN BROKERS REVIEWS,TOP 10 FOREX TRADING BROKERS Section 4: One contract for every $XXXXX This is the most used and simplest technique. As it says in the title, this techniques simply states that the trader is going to risk one contract for every $XXXX of the traders account. It might look a little tricky at first but bear with us as you look at the figures and you will realize it is very simple and easy to use A trader opens an account with $50,000 and she decides to trade one full contract for every $10,000 on her account. On her first transaction, she is going to trade 5 lots. She only trades the EUR/USD and uses a 20 pip stop loss and a 60 pip take profit level on every trade. If she loses her first trade, her account would be at $49,000 (20 pips are worth $200 trading full lots, 20 pips x 5 lots = 100 pips = $1,000). After that trade, […]