Forex Money Management Tips for Supply & Demand Trading Beginners

Book excerpt: The making money with money business isn’t really an H&P type of business, what is H&P you might be asking, hoping and praying. You don’t need a rosary you need a money making edge especially as a beginner. I’m not going to sugar coat it, this business is an ugly place for an untrained and underfunded self-directed beginner. There are very bad people in the live market who are looking to take all of your money from you, and they will should you not be prepared properly to go to work in the live markets with a money management plan. Picture yourself throwing all your startup capital into the bon fire at the party you’ll throw for yourself for starting your new self-directed trading business up and watch it burn up in smoke and flames right before your very eyes. You smell that? That’s all your money burning up because you did not have a money management plan. Many people say that money doesn’t buy happiness and while that is true, a lot of it can buy a Gulfstream 650! I hate standing in line at the airport don’t you? Do what it says in Forex Money Management Tips for Supply & Demand Trading Beginners and you could be on your way owning your own G650. With some good planning and the right education and training from the very start a new self-directed investor and trader can get up to speed fairly quickly and then it is a matter of polishing ones skills and money management plan. Once they are confident in their money management skills and their plan is solid they should have no problems going into the live market and becoming a successful market participant.