Friday, May 2, 2008

Books..

Okay, Okay.
There is some clever things in trading books. MM - money management for example.
But there is on thing. If you will do everything acording MM - it will take YEARS to make $1000 from $200 even if all of you trades will be profitable - and this is impossible.
According to MM all looses on open positions must be less than 25% of your deposit.
200/100*25 = $50. So you can open 10000 lot with 50 pips stop. or 20000 lot with 25 pips stop.
You can count how much you will earn by your self.

MM - works when you have big depo.
But before 10000k depo - it's anyway extreme crazy trading.
And it's possible to losse, and impossible to have profit...

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