Day 20 of 28...

I'm in Cannes today where they do the movie geek thing.

Bobby C. Asks; "The DBFFOA course is the best I've ever found on Forex...thanks so much for writing it. How does money management work?"

Doc Brown; "It's a lot like casino Black Jack. You don't want to bet too much and get wiped out on one hand. You don't want to bet too little and bleed to death winning chump change. A good beginning rule of thumb is to (1) give yourself 20 tries to hit it big and (2) never risk more than 45 to 50% of your trading capital on any trade. So, if a contract requires $2,000 in initial margin, as an example, you'd never risk more than $1,000 on any trade and would need $20,000 in starting capital to begin trading in this hypothetical commodity."

Keep the questions coming!

-Doc Brown

If you haven't already enrolled here's the course Bobby's talking about:

www.TradeMentors.com
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