This view is shared by almost all professional traders.

The trader must follow the rules of capital management with the same scrupulousness and care as the trading strategy. Only self-discipline and constant control of the situation can provide the trader with success in the market and high earnings.

The aspect of money management is most often overlooked by newcomers. Focusing on the terminology and general principles of the functioning of the market, they forget about the capital and do not consider the possibility of its complete loss. Many of them believe that the right decisions will come intuitively, immediately after entering the market. But if such cases are known stories, then this is exactly a pure accident. Everyone knows that most of them completely lose their initial deposit on the first deals. However, even a novice can avoid this if he uses the rules of money management.

In management it is important to think in advance such aspects as the size of the part of the deposit that is needed to enter the market, the level of risk, as well as the ratio of potential profit to the maximum possible loss.

Basic rules of management:.

Rule # 1: no credits When a novice trader is just mastering the market and the metatrader 4 trading platform, he should only rely on himself and his money. It is better not to borrow money at the initial stages of the trade, since in case of unsuccessful transactions (and they are inevitable), one can be deeply in debt.

Rule number 2: diversification Diversification is the division of capital into several parts and the implementation of each in different transactions. This approach helps to save part of the starting deposit, as with one losing deal, profits can be brought by all the rest.

Rule number 3: do not increase the volume Experienced traders do not recommend to increase the volume of the transaction too much. Permissible and safe rate - no more than 10 times.

Rule number 4: "no" to big losses To always stay with money, it is worth to calculate the amount of possible loss. Losses should not exceed the range of 2 and 5 percent. During the installation of stop loss, target exactly 5%.

Rule number 5: consider the ratio of profit to loss At the time of calculating the potential profit and loss, remember that the ratio of the first to the second should be 3 to 1.

Rule number 6: a large number of transactions - only for experienced players Beginners at Forex should not be in a hurry to earn at the same time on several transactions. First, they are difficult to manage with a lack of experience, and secondly, for a successful transaction, time, attention and tranquility are necessary. And torn between several transactions you can completely lose the initial deposit.

Rule number 7: Forex - not gambling Emotions on Forex just get in the way. They cloud the mind, force them to make hasty and rash actions. It should be remembered that here the mind wins, not the excitement and thirst for quick profits. Those who trade on emotions quickly lose money. Only peace of mind here can lead a player to real success.

These simple rules can help a beginner to successfully start their way on the Forex market. After all, even many traders with experience admit that they knew during the basis of money management, many fatal mistakes could be avoided, and earn, and not lose money.