Price Action Forex Trader

Most Forex traders think the way to make more money is to find a “better” Forex system or become a “better” Forex trader.  This sends them on a journey without end to find the best trading system or develop the trading discipline of a Tibetan monk.  More often than not… this long journey does not lead to more money in their trading account.

One thing that DOES work and can make you more money with the SAME trading system you are already using is to focus on money management.  Specifically, DDSMM dynamic Forex money management can make you a lot more money without you having to change the system you trade or the way you trade it.  Here is an example taken from the Forex Decoder website…

Max Drawdown Risk: 20.00% <————- Enter your max account drawdown risk tolerance (for best recovery don’t exceed 30%).
Max Risk Per Trade: 5.00% <————- Enter maximum percentage of balance to risk per trade.
Max Stop-Loss: 50.00 <————- Enter the max stoploss you use for any given trade.
Broker Leverage: 200 :1 <——– Enter Your Broker Leverage.
Min Start Lot Size: 0.01 <————- Enter # of digits to round to (1.0 for standard lots, 0.1 minis, 0.01 micros, 0.001 nanos).
Lot Size Digits: 2 <————- Enter # of digits to round to (0 for standard lots, 1 minis, 2 micros, 3 nanos).
Start Account Balance: $5,000.00 <—————— Enter Trading Account Balance.

Above is my track record by applying DDSMM. Three months ago I started trading with balance of $ 5k and made 1218 pip manually. 1-2 trades per day, 400 pip a month in average. So, that time obviously I was trading without DDSMM, I was trading fixed.2 lot size which in dollars is around 2436 bucks that is almost 25% profit of my initial balance in 3 months. Not bad for myself BUT when I see now by applying DDSMM to the same trades and the same pips I made, I would have $17.752.40 Incredible! That’s 12.752.40 dollars profit, more than 170% of my initial balance. OMG! I love it. Mike, what I want for christmas is automated DDSMM