MODULE 6: How I Personally Manage Money

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LESSON: How I Personally Manage Money

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[op_liveeditor_element data-style=””][text_block style=”style_1.png” align=”left” font_size=”16″ font_font=”Montserrat” font_color=”%237e7e7e”]In this last module I am going to discuss two topics. Some of the information will not apply to some members, however due to the weight of people wanting to know, I am going to write about it. The two topics are:

• The Fixed Money Method I Use
• How I arrange my trading and bank accounts

The reason I use both of these things as we are about to go through are for speed, efficiency and also safety of funds.

That last one especially is a huge one. I had started doing my banking setup and trading account setup a long while before we had a couple of the big market scares where some of the brokers lost large sums of money and it came out they were not segregating client funds like a lot of the better brokers do.

The good brokers do not mix client funds with their own and risk in the markets.

As I explained in course #1 in regards to leverage – even if something happens I can’t foresee, and for some reason all my leverage blew up or some other catastrophe, I have stops in place as first line of defense and as you are about to find out I then limit my account to a set amount of money as my second line of defense.[/text_block][/op_liveeditor_element]