Forex Trade Signals Advanced Money Management

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There is a important question you should be asking if you desire to be a success story using a Forex signals service. What you should be asking is, “What type of money management should I be using with the signals”? Best Forex Trade Signals uses advanced, dynamic money management which is copied by signal followers. But is the Forex signals provider you are using, or the manual trading system you are trading for that matter, applying the best currency trading money management?

I’ve witnessed it thousands of times. You get a Forex system or join a Forex signals service and you are given a lot of information about trading. And when everything is about to wrap up, you are told, “Use proper money management for success”. They probably even say money management is the most important part of trading. But they don’t really tell you what the best money management is, do they?

Here is a video on money management for Forex signals users…

Without a doubt, money management is the most essential part of trading the currency markets. Without proper money management, or what I think of as risk management, it is only a matter of time before your account takes a devastating blow. Unfortunately, too many people are so worried about learning trading strategies, risk management becomes an afterthought. Or at least that is the experience I’ve had talking to would-be traders.

People using signals services are not immune to this problem. Whether you are trading the signals manually or using some type of trade copying, you are usually the one responsible for setting your risk parameters. If you set these risk management parameters incorrectly, it could mean the difference between long term success and a quick failure.

To make matters worse, most people using Forex signals services are people who lack trading and risk management knowledge. This means they could have the wrong idea about what to expect, and not fully understand the risk. If they get the money management part of the trading wrong, it could mean failure even when using a profitable signal provider.

Not all signals services leave the important element of money management in the hands of the subscriber. Best Forex Trade Signals, for example, is a Forex signals provider that completely understands the importance of using professional money management. Plus, this service understands the success of the subscribers to the signals also depends on using advanced money management. So the service have set up their service different than most. They have it so the followers mirror the risk of the Master account, which uses dynamic money management.

Best Forex Trade Signals uses a dynamic money management strategy to calculate the proper lot size of each trade. The lot size is determined by using a percentage based formula that takes into consideration past performance. During a winning period, the lot size is calculated using the max percentage allowed. But during a losing streak, the percent risked per trade is decreased until the system starts performing better.

This makes for a perfect situation when talking about risk management. Winning streaks are more profitable because you are using the highest percentage allowed per trade. But, when the system hits a rough patch, the lot sizes are decreased and the loses are less. In the end, you win more during winning streaks and lose less during losing streaks. (And don’t be fooled, every system has periods of losses).

This professional money management technique is passed on to the follower of the signals in the following way. First, the trade signals are delivered by broker to broker trade copying so the trades are placed and managed correctly. Second, the subscribers account mirrors the master account’s risk. Essential, the subscriber used the same risk as the master account proportional to their account balance.

It should be clear, Best Forex Trade Signal leaves nothing to chance, and uses the best currency trading money management. They don’t send out high probability signals and then have the subscriber decide on the important issue of money management. This could spell disaster, even when the trades are good. They make sure the trades are placed just like in the master account, meaning the subscriber automatically benefits from both the high probability trade signals and the professional money management strategy used.

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