First step in Position sizing

[Judy Mank]

As we all know, knowing a commendable deal about how to effectively work with position sizing would go a long way to help you in the forex market. This is a powerful skill you wouldn’t ver regret learning. Let me take some time to introduce you to how the position sizing of a thing works in the forex. The first thing to do when it comes to position sizing is to make a decision as to the amount of money in American dollars (or the currency you wish to operate in) you would be comfortable parting with in case of a loss on the trade setup. This is very important as you should prepare for all eventualities. This first step defines the whole exercise, for every trade set up, strictly specify how much you could afford to lose- this doesn’t in anyway make you negativ