SigmaForex Trading Advices
Never Over Trade Your Account
The Forex market gives the best leverage of any of the financial markets. Leverage of 100:1 or 200:1 are common and in some cases a person can even get 400:1. We recommend sticking with 100:1 or 200:1, which ever is the default amount from your broker.
This generous leverage will allow us to make exceptional returns on our trading. But, it also opens up the potential to lose some or all of our money if we do not trade by some good money management rules. A very conservative yet very effective method of trading is to never leverage more than 2% of your account on any 1 trade. Due to the fact that people want to make money fast they lose site of following good trading rules and developing good trading skills. If a trader wants to make consistent returns on his investment capital then he will follow these simple trading rules.
A good rule of thumb is to keep your trades at 5% of your account or less. We recommend you start with a mini account. Start by trading only 1% or 2% of your account on any one trade and no more than 5% being traded at any one time. We can show you how to do more than this once you learn how to be a good trader.
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The Forex market gives the best leverage of any of the financial markets. Leverage of 100:1 or 200:1 are common and in some cases a person can even get 400:1. We recommend sticking with 100:1 or 200:1, which ever is the default amount from your broker.
This generous leverage will allow us to make exceptional returns on our trading. But, it also opens up the potential to lose some or all of our money if we do not trade by some good money management rules. A very conservative yet very effective method of trading is to never leverage more than 2% of your account on any 1 trade. Due to the fact that people want to make money fast they lose site of following good trading rules and developing good trading skills. If a trader wants to make consistent returns on his investment capital then he will follow these simple trading rules.A good rule of thumb is to keep your trades at 5% of your account or less. We recommend you start with a mini account. Start by trading only 1% or 2% of your account on any one trade and no more than 5% being traded at any one time. We can show you how to do more than this once you learn how to be a good trader.
More....
