good returns. We can certainly apply this most powerful force to trading forex. This is correct, but only if 50 of your trades are winners, and the other 50 of your trades are losers. Though both methods are powerful, geometric money management has a slight edge over the linear money management system. There are two ways you can grow your money in forex trading. Forex Peace Army president Dmitri Chavkerov suggests: Take a note in the journal how much time you spent on watching each economic report, which one gave no trade, which gave a winning trade, and which gave a losing trade, and how much you won. Forex Peace Army Founder Dmitri Chavkerov Advises Forex Traders to Trade with Consistent Amount of Money for Achieving Consistent Trade Results. So you put 50,000 on each trade.
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We are committed to the fair handling of reviews and posts regardless of such relations. The second is called geometric money management, says Dmitri Chavkerov of Forex Peace Army. 15, 2013 /PRNewswire/ Forex Peace Army President Dmitri Chavkerov advises traders to trade consistent amount of money in order to achieve consistent trading results. Forex Peace Army is a well-known online portal providing useful and reliable information on forex trading. You need to trade with consistent amount of money, so that the monetary results of each trade are consistent, says Dmitri Chavkerov, CEO of Forex Peace Army. Take a note in the journal how much time you spent on watching each economic report, which one gave no trade, which gave a winning trade, and which gave a losing trade, and how much you won or lost. All rights reserved under US and international law. If the system is overall not profitable, it will take much longer time to wipe out money in the account. Lets say your risk.5 on each trade. Source: Forex Peace Army. Many believe that the linear money management seems more logical, because if you lost 1 trade, and then won 1 trade, you would still have 10,000 left, but with geometric money management, you only have 9,993.75 left. Instead of putting 50,000 on each trade, you put 5 times of your actual balance on each trade.