Article-review of Sharefounders Forex: what funds are available for making money on Forex?
Given the fact that most traders prefer to trade foreign currencies, in order to start trading, you need to own a certain amount on the balance sheet. Also, in no case should we forget that this type of trading can be very volatile, then an unprepared trader is exposed to a huge financial risk.
The next episode, which will examine Sharefounders Forex, will deal with the application of the Forex Day trading policy, where the above risks are controlled.
As a rule, all experienced traders are able to deftly manage their risk, which is exactly what promises them great profits.
Recommendation from Sharefounders Forex: at the first stages, stick to the risk of no more than 1%. Therefore, if you have an amount of 3 thousand dollars, you will lose a maximum of 30 dollars.
Opportunity to get a win
The indicator of your win is the number of completed trades. And when you manage to win 55 out of 100 trades, hence your 55%.
Risk / Reward
This comparison shows how much money is put at risk in order to gain a certain income. When traders miss 10 points on losing trades, but fix 15 points on winning trades, then they will get more profit on the winners than they will lose on the losers.
Review of Sharefounders Forex, what is the proposed scenario
For example, you have a total of $5,000, as well as an impressive 55% win on the auction. You risk only 1% of your tools or $50 per transaction. All of this can be achieved taking on arming the stop loss move, which guarantees secured and guaranteed remuneration for each completed transaction is 1.6 times higher than the risk.
The Forex broker has a leverage of up to 50: 1. For example, you use a 30: 1 leverage, and if you have $5,000, you have the right to open positions up to $150,000.
Trading currency pairs
If you prefer to trade GBP / USD, let's assume a risk of $50. Therefore, it is possible to take a post in the standard lot with a 5-pips stop-loss order, and will protect 50 dollars from loss in the transaction.
Slippage greater than expected loss
Sharefounders Forex assures that it is almost rarely possible that 5 good deals are made every day, and even taking into account the fact that the market movement is too weak. Alas, this is a kind of unavoidable part of the market.
In order to avoid slippage, it is recommended to reduce your net income by 10%, which will help reduce the winning opportunity generated by $ 5,000 to $ 1,485 per month.
Sharefounders Forex sums up the results
Remember one simple rule: you don't have to have a lot of capital to start with. Practice proves that such an amount as from 500 to 1000 dollars will be enough to start.