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Trading System | “The Secrets To Foreign Exchange Trading Revealed”

Author + October 16th, 2007 + no replies

Define Your Trading Float (part 1)

When considering foreign exchange trading, the first step you will take in setting your money management rules is to define your trading float, and by trading float I mean the amount of capital that you have to trade with. In fact, one of the most commonly asked questions that I receive is “How much do I need to actually start trading and make a full-time income from foreign exchange trading?” But, before you mortgage your house and car and sell your wife and kids, realize that when you first begin trading you’re going to have to pay your share of tuition.

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