Forex Trading Money Management System: Crush the Forex Market with Bigger Profits and Smaller Losses!

A much different approach to money management vs. the usual 1-3% risk rule. Not the usual “use this price action pattern” or “Choose this indicator” for entry. Don teaches a money management technique once you’re in a trade, the how you choose your entry point is left up to you. The authors system does rely on winning streaks and how to maximize those streaks by adding lots to them. Don system locks in profits after X number of consecutive wins and starts back at 1 or .01 lot depending on your account size, margin etc. it’s basically the Martingale system in reverse with built in profit points along the way. Don does offer EA’s which will automate his systems which makes it easier but not necessary to use his methods. His bread and butter EA’s are the GPY/JPY 15 min. The EA’s will open trades and manage the lot size, SL and TP levels for you. If you choose to use his robots, you can get into the program and tweak how they operate to better suite your needs. You can observe how his accounts are doing as Don posts his live accounts for your viewing, so you don’t have to take his word for it. I emailed Don with some questions and he was prompt to reply. Please be advised you probably won’t get rich overnight, but you can make a steady sustainable profit with minimal draw down during loosing streaks which keeps you in the game. What do you have to lose but a few dollars and some reading time and it may just change the way you trade?

The most successful traders have always taught that the key to successful trading is money management. Well, here is a very simple but powerful money management technique that works in today's currency markets. The book itself is really about that money management technique, but does not point out any specific entry/exit system to be used. Although Don does not give a trading system example to use with this MM system, he does point out that it works best for any system that gives runs of multiple profits (and losses), which are quite common in the currency markets. For example, a trend following system will give several losses in a row during a consolidating market, but then give multiple profitable trades when the market begins trending again. For a range trading system, the opposite is true as well. Think about that for a moment, and you might just have a revelation. The method itself allows for a large return with small risk to the trader's original equity through a very basic, but powerful, system that "pyramids" on profits from the previous trades. Although Don mentions his trading robots, he does not appear to hype them in order to make a sale, and the ea's he sells are mostly simple trend following sytems which are very consistent and profitable. However, as I will explain below, you don't need to purchase his robots in order to trade using his money management system. As a person, I have found Don to be very honest and extremely generous. He is open to questions and is normally quick to answer any emails I have sent him, as well as transparent about his trading results. You can check out his live trading results on the MyFXBook website under the user name of RouletteTrader to see how his most popular robots are performing. Some of the negative reviewers have questioned the system's effectiveness and the trading robots' durability for the long haul. In my 20 years of currency and futures trading, I question whether any system is profitable forever. Even the turtles aren't doing so well these days, and most of the best robots from 5 years ago aren't even on the market anymore. However, as long as any system continues to make "runs" of profitable trades, I believe this technique will continue to be insanely profitable. To test this method before live trading, I ran a simple 2 month test in live market conditions. The market went sideways a couple weeks resulting in two stop outs and then moved. In the end, I had a 36% increase after only risking 2% (and 4% drawdown), more than triple the amount I would have made if I had been trading the conventional "only risk 2%" model. MY ADVICE: 1. Buy this little book; it's practically free anyway. If you're not sure about spending the few bucks on this, you definitely don't have the stomach to trade the currency markets. 2. Run through the numbers and test it out manually on a demo account. 3. Check out the performance of Don's robots on his myfxbook account (search "RouletteTrader"). 4. If you feel comfortable with it, apply the system to your own live trading method or purchase one of Don's robots. 5. If you don't feel comfortable with it, you're out nothing but the price of a latte and a little reading time.

Excellent book, and even better when you factor in the modest cost. He highlights ways to maximise the returns on an account without really increasing your risk, at least not in the short to medium term. I'm not sure the methods would make a big difference in the long run, as it has been proven mathematically that you cannot overcome a betting method that has a negative expectation. And even if you have a positive expectation, betting too much will actually eliminate that advantage. Nonetheless, Don's ideas are definitely worth looking into, and an excellent way for people with small accounts to have a chance to get those accounts up to something substantial much quicker, without taking undue risk.

This book presents a breakthrough method for money management (MM) that is hands-down the simplest and yet most effective way I have seen of boosting profits and limiting drawdowns in my 10 years of trading. The method is explained well and the evidence is clear to see (and backed up by the extra detail provided on the companion website). The trading systems (for forex but would work with any market) that the author uses with his MM method are pretty simple and not highly optimised, which in my view makes them more robust; and the improved results he shows with the MM method applied are even more impressive as a result. The book is entertaining and well written and really explains everything you need to implement this amazing MM method.

I love this book so much, that I bought both the printed and the kindle version. His technique really works in Forex and also at the roulette table. Don's approach to money management is really sound and works like a charm. As long as you are not too greedy you must make money. I also bought some of his Forex robots (based on the principles he talks in the book) and they work very well although for now only on a practice account. I kept the settings a little aggressive and although I had a couple of drawdowns (which is part of trading the market), they were not excessive and in line with the overall strategy. This book is a little gem that should not be missing in the trader's arsenal. Just keep in mind that if you have no knowledge of the Forex market, you better build some familiarity with it, before trying to understand the terminology used in the book. If only I could give 6 stars!!! Great job Don!

First, anyone that goes into a casino and bets a martingale progression with real money is a complete fool. But having lost his a** doing that, he goes back with another betting system thinking that somehow a betting strategy will turn a series of negative expected value bets into a long term winner. Hint to everyone out there - it absolutely won't. That system will make you completely broke eventually, with complete mathematical certainty. The key to making money at Forex, or gambling, is to find a positive expected value "wager" and exploit it. Money management is used to reduce your drawdown/risk of ruin. Note that your risk of ruin while making negative EV bets is 100% and no amount of money management will change that. You can only manage drawdown and risk of ruin when you're making positive EV bets. RE: part 1 - Taking both sides of the same trade as Don suggests will cause you to have your stake slowly whittled away by spreads and fees. I know he uses this as a "test" but it's still ignorant. RE part 2: The example is a system where you have a 48% win rate and 70 pip profit target and 70 pip stop loss. The expected value of each trade is 0.48 x 70 - 0.52 x 70 = -0.04 x 70 = -2.8 pips. Minus spread and fees. This is guaranteed to be a loser no matter what money management system is used. Don tells us you can win big with this system. True - in the short run it is possible. In the long run - guaranteed loser. RE part 3: We can't calculate EV because he doesnt tell us the win rate but we know he set a 30 pip profit target and a 50 stop loss. The breakeven win rate would be 62.5%, and he tells us this strategy is trading against the trend. Hard to imagine hitting that win rste against the trend. RE part 4 - if you believe his numbers, the underlying strategy has a positive EV. He doesn't tell us what the strategy is. This section is merely useless. RE part 5: here we have a 0 EV just about. Don thinks this will mske money by hitting 6 wins in a row. In any 6 trades, there are 64 possible outcomes. If you run through the P/L and probability for all 64, you'll find the EV of 6 trades is still zero just like it is for 1 trade. This is all smoke and mirrors. Anyway, you get the idea. All of these big wins he's showing are based on random variation and have no long term value. If you really want to learn something useful about money management, read up on Gambler's Ridk of Ruin and the Kelly Criterion. Don Guy's book is garbage.

I am fairly new to Forex trading, but I am a firm believer in the intrinsic value of automated algorithmic trading, where computer logic takes over the human mind's task of implementing the purely mechanical and repeatable aspects of entering, managing and exiting currency trades, after its validity and reliability has been rigorously back-tested. This book excels in introducing a Forex money management methodology that is doubly valuable - first as a standalone primer that can be used for discretionary trading, or even taken to a real casino for vastly improving your winning odds at the roulette table. Secondly, it introduces you to the concept of using so-called trading robots that will greatly facilitate your trade management efforts and undoubtedly improve your profitability. It is a clear and concise exposition of the rules of profitable consecutive and cumulative trading that has the added benefit of compounding your earnings over time, thus vastly improving your profitability on a sustained, longer term basis. The author's personal attention to tech support and customer service is a big plus. Best of all, the results are objectively verifiable and the author stands by his products to the fully extent possible. I highly recommend this book and its accompanying products. ........ ,

This money management strategy is good, however, it has its' place. If you do not net consecutive wins often, then this will actually dig your hole deeper. The reason being is because if you suddenly or FINALLY got a few wins in a row under your belt, now your next loss will be rather substantial since your position size is larger. Once you lose, your position size will drop back down to square one at it's smallest, and you have to slowly build yourself back up. If you don't win consecutively, you'll take forever to recoup the large loss. If you have a high win rate, this will make your money multiply like a family of hamsters. All in all, it is good if you know how to use it and when.

Interesting approach to money management and trade sizing. Unlike with many other authors / providers there isn’t a catch, and doesn’t appear to be selling paid access to any ongoing or periodic ‘special’ service. Haven’t yet put these techniques to test but soon will.

This money management is easy to bring in practice and it is very much adjustable. It makes so much sense and obvious. You can adapt it to your own trading or use it on the EA-robots the author is selling.

Trading force at home is a very risky way of trying to make money and over 90per cent of traders lose. Sometimes it seems that if you took trades in the opposite direction that your analysis shows, you are more likely to have a winning trade. So trading is actually like tossing a coin. This book shows how you can trade using the principles of roulette trading, but adding some very innovative money management techniques. Well worth reading to change your mind set and to try out a completely different method of forex trading.

Cet ebook décrit un money management très simple mais terriblement efficace, permettant de booster les performances d'un système de trading, qu'il soit manuel ou automatisé (EA). L'auteur fourni en plus de l'ebook un fichier EXCEL (format Open Office pour ceux qui n'ont pas EXCEL) permettant de faire des simulations. Attention toutefois au fait que ce money management ne fonctionne que si et seulement si votre système de trading a tendance à faire des séries de pertes consécutives puis des séries de gains consécutifs... etc. Plus les séries sont longues, meilleur sera le résultat ! Si votre système de trading fait en moyenne un gain puis une perte et recommence, alors le money management décrit ne fonctionnera pas de manière optimale ! Je recommande donc fortement ce petit ebook à tous les traders amateurs, d'autant qu'il est vendu à un tarif imbattable. A noter que le principe d'écrit ne dépend pas du marché tradé (FOREX / CFD sur indices, etc...) et qu'il peut aussi être utilisés par exemple par les amateurs de paris sportfifs (foot, ..., mais aussi courses hippiques) N.B. : ce n'est pas une martingale, c'est même l'inverse ! Donc aucun danger de perdre tout son capital en utilisant ce money management, bien au contraire.

Amazing content written directly and very clearly. With this book you can go beyond the generalities of 1% and learn something that is really worthwhile.