On Money Management_MM

MONEY MANAGEMENT

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" Why does InstaForex use 10000 lot instead of standard 100000 one?

InstaForex company gives an opportunity to trade at Forex market using three types of accounts at once: Micro Forex, Mini Forex, Standard Forex. In order to make such a technology possible a nonstandard 10000 lot was established, which at the deal by 0.01 lot gives the point price of 0.01 USD, id est the absolute minimum, which allows the accounts' owners of about 5000 - 10000 to control their risks effectively. At the same time, the lot size of 10000 makes the calculations of point cost convenient at deals opening.

Let's have a look at data below:
0.01 InstaForex lot deal = 0.01 USD pip price
0.1 InstaForex lot deal = 0.1 USD pip price
1 InstaForex lot deal = 1 USD pip price
10 InstaForex lot deal = 10 USD pip price
100 InstaForex lot deal = 100 USD pip price
1000 InstaForex lot deal = 1000 USD pip price

Ease of calculations and the opportunity to combine three levels of Forex trading in one trading account makes InstaForex lots an undeniable advantage of InstaForex trading conditions. "

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Account Size($)	%RER	Max Loss/ Trade($)	Lotsize/ Volume Insta/Others	Max StopLoss	Min Daily Profit Target	Daily Profit (Single Lot)	Daily Profit (Double Lot)
≤$500	4%	$20	0.20/0.02	100pips	160 pips	$32	$64
$1000	3%	$30	0.30/0.02	100 pips	160 pips	$48	$96
$2000	2%	$40	0.40/0.04	100 pips	160 pips	$64	$128
≥$5000	1%	$50	0.50/0.05	100 pips	160 pips	$80	$160

With Instaforex: (NON-STANDARDIZED)        With Other Brokers:(STANDARDIZED)

1.0  lotsize =(1pip)=$1                                           1.0 lotsize =(1pip)=$10

i.e, 100pips=$100                                              i.e, 100pips=$1000

=> $20/$100=0.2lotsize etc                                     => $20/$1000=0.02lotsize etc 

                                                                                     This implies you  should open a micro account

                                                                                So your lotsize will determine the type of account to use.                 If your 2%RER=$100 (Say, 2%of $5000),                                                                                         $100/$1000 =0.1 ==>> Use a mini account.

ð  Choice of volume/lotsize = %RER /  $100          AND                   %RER /   $1000  respectively.

Be  DISCIPLINED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

                                                                                          

Follow my Trades

Gig Flexi-Hedge System

Gig flexi hedge system is a price behavior analysis strategy that is aggressive for pips. The strategy offers a flexible way of trading currency by making use of major price support and resistance levels in the market whilst not sacrificing discretion. This strategy is flexible and this is necessitated by price behavior in the first  7hours of each trading day. Price behavior in the first7hours of each day presents a variation to be traded for the day, and this also depends on market sentiment prediction for the day. 

Wednesday 21,July2010.

After checking the calendar for major news of the day about the EUR and the USD, I performed my pivot calculations, plotted them on the EURUSD chart and predicted market sentiment for the day by studying price behaviour for the first seven(7) hours of the day.

I realized this day, Wednesday 21,July2010, was a case for gig flexi-hedge system variation 1A.

I placed  trades with the following expectations:

A. Initial Early Morning Channel strategy

@lowerBand of Channel:

1)      Buy Limit : Entry Price   =  1.2874

                                             Profit Target =  1.2906 (@ UpperBand of Channel)

                                             Profit            =    +32pips

2)      Sell Stop :   Entry Price   =   1.2874

                    Profit Target =   1.2806 (@ S1)

                                                         Profit            =    +68pips

           @Upper Band of Channel:

3)      Sell Limit : Entry Price    =  1.2906

                                             Profit Target  =  1.2874 (@ LowerBand of Channel)

                                             Profit             =   +32pips

4)      Buy stop :   Entry Price    =   1.2914  i.e(1.2906+8pips)

                                             Profit Target  =   1.2956 i.e (Midway b/n PP and R1)                                                                                                      

                    Profit              =   +42pips

                                             

B. Pivot level strategy

           

5)      Sell Limit : Entry Price    =  1.2908 i.e (1.2916-8pips)

                                             Profit Target  =  1.2806 (@ S1)

                                             Profit             =   +102pips

6)      Buy stop :   Entry Price    =   1.2924 i.e(1.2916+8pips)

                                             Profit Target  =   1.2956 i.e (Midway b/n PP and R1)                                                                                                      

                    Profit              =   +32pips

C. Appropriate Major S/R level strategy ( S1 Level in This Case)

7)  Sell Stop:    Entry Price    =  1.2806i.e (S1)

                                            Profit Target  =  1.2735   (@ S2+8pips)

                                            Profit             =   +71pips

All of these trades yielded:

     

Total Profits: (+32pips +68pips +102pips +32pips +71pips)     =+305pips

+42pips from Buy Stop @ Upper Band IEMC Strategy and +32pips from Buy Stop Pivot Level Strategy were not recorded as these trades did no get triggered.

The chart below chart1.1 shows the trades as it happened……………………………………

Mkt Sentiment: Bearish 

(A Case For Variation 1a)

GIG FLEXI HEDGE FUND

Welcome!

My name is Ato Moore Timothy. I work with Fidelity Bank. I am a Currency Trader and Trainer by profession.
Forex Account Management  (GIG FLEXI-HEDGE FUND)
Forex Trading Skills( FOREX TRAINING WORKSHOPS/ ONE-ON -ONE TRAINING) are what I specialize in.
And it does not matter what account size you have. (From as low as $500 you too could be part of my big Portfolio of Managed Accounts (PMA).

I do not  accept cash! No! Rather, you'll have to simply open and fund account by yourself.
The link to do this so that you become part of my PMA, will be posted to you soon.

I currently hold forex workshops and one-on-one Forex Trading Skills Acquisition for clienst of Doxacapital limited and GhanaFX limited.
I am enthusiastic about Forex and  available to support always.

Stay Passionate, Inquisitive,Focused,Determined. I will soon post all necessary links.    For the mean time, if you need support,anything Forex, just reach me on tim.doxacapital@yahoo.com or tim.gigfx@yahoo.com or +233278123440