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    Money Management Plan

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    Faisal (Faisukh)
    This document outlines a money management plan with the goal of growing an initial $300 balance to $49,220 in one year. It details a strategy of increasing trade lot sizes as the account balance increases monthly, with a 50% monthly profit target and a 1:2 risk to reward ratio. The plan shows the projected monthly balances and lot sizes that would achieve this goal through consistent small profits on each trade.

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    Money Management Plan

    Uploaded by

    Faisal (Faisukh)
    61 views2 pages
    This document outlines a money management plan with the goal of growing an initial $300 balance to $49,220 in one year. It details a strategy of increasing trade lot sizes as the account balance increases monthly, with a 50% monthly profit target and a 1:2 risk to reward ratio. The plan shows the projected monthly balances and lot sizes that would achieve this goal through consistent small profits on each trade.

    Original Description:

    Money management plan for forex trading beginners.

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    This document outlines a money management plan with the goal of growing an initial $300 balance to $49,220 in one year. It details a strategy of increasing trade lot sizes as the account balance increases monthly, with a 50% monthly profit target and a 1:2 risk to reward ratio. The plan shows the projected monthly balances and lot sizes that would achieve this goal through consistent small profits on each trade.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    61 views2 pages

    Money Management Plan

    Uploaded by

    Faisal (Faisukh)
    This document outlines a money management plan with the goal of growing an initial $300 balance to $49,220 in one year. It details a strategy of increasing trade lot sizes as the account balance increases monthly, with a 50% monthly profit target and a 1:2 risk to reward ratio. The plan shows the projected monthly balances and lot sizes that would achieve this goal through consistent small profits on each trade.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    MONEY MANAGEMENT PLAN

    BALANCE 30 RISK REWARD RATIO 1:2 STRATEGY PROFIT RATIO 50%

    DATE Balance LOT SIZE PROFIT LOSS Daily Profit INCREASE LOT SIZE WIT

    1/1/2024 30 0.02 $12


    0.02 $12 RISK ON EVERY TRADE < $5000 = 2.00% MONTH WITHDRAWL

    $318 0.02 $6 $18 RISK ON EVERY TRADE > $5000 = 1.50% Jan-24 $80
    1/2/2024 0.02 $6 Feb-24 $100
    0.02 $6 1ST WEEK PROFIT $54 Mar-24 $200
    $318 0.02 $12 $0 2ND WEEK PROFIT $36 Apr-24 $300
    1/3/2024 0.02 $12 3RD WEEK PROFIT $54 May-24 $400
    0.02 $12 4TH WEEK PROFIT $36 Jun-24 $500
    $336 0.02 $6 $18 Jul-24 $600
    1/4/2024 0.02 $6 TOTAL MONTHLY PROFIT $180 Aug-24 $700
    0.02 $6 Sep-24 $800
    $336 0.02 $12 $0 Oct-24 $900
    1/5/2024 0.02 $12 Nov-24 $1,000
    0.02 $12 Dec-24 $2,000
    $354 0.02 $6 $18 Total
    withdrawl
    $7,580
    Total Profit $54

    $300 CAN GROW UP TO $49220 JUST IN 1 YEAR WITH PROPER MONEY MANAGEMENT
    SIZE WITH ACCOUNT EQUITY

    MONTH END BALANCE LOT SIZE

    $480 0.02
    $750 0.03
    $1,200 0.05
    $1,920 0.08
    $3,090 0.13
    $4,980 0.21
    $7,680 0.3
    $11,460 0.42
    $16,860 0.6
    $24,920 0.9
    $35,720 1.2
    $49,220 1.5
    Year End Balance
    =$41640

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