Money Management Forex Traders Must Use (5 Simple Rules)!

  • Published on Apr 11, 2019
  • 📈 FREE: The Complete Price Action Strategy Checklist -
    In this Da Nang Forex trading vlog, I share with you the 5 most important rules I have in my trading & life when it comes to money management. These are things that, if well managed, can help you reach the $10k/month revenue mark quicker. Vlog #456
    Executive Summary:
    1) Create a money management framework for financial freedom
    2) Only use Active Investment money for trading.
    3) Define your maximum drawdown
    4) Use break-even, trailing stops, multiple t/p to boost your results
    5) If you can't stick to your risk/money management plan, skip the trade
    Video on risk management:
    Want to look cool? Check out the Desire To Trade Merch: (use the promo code RUclip10)
    // SOCIAL
    Forex Trader Community (Facebook Group):
    Facebook: desiretotrade/
    Twitter: @desiretotrade
    IG: @etiennecrete
    Canada -
    Cambodia -
    Hong Kong -
    Malaysia -
    Singapore -
    Taiwan -
    Vietnam -
    // MUSIC
    David Cutter Music -
    Andrew Applepie -
    // ABOUT ME
    My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
    I blog at and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
    If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
    // Disclaimer
    This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
    The camera I use (Canon EOS M6)
    The tripod I use: Sirui 3T-35K
    What I use to edit: Final Cut Pro (Mac)
    Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn't affect you in any way in the checkout process (I'm sometimes even able to arrange a discount for you that is special from other customers).

Comments • 27

  • Etienne Crete - Desire To TRADE

    What's your favorite MONEY management rule?

    • Exton Triston
      Exton Triston 5 months ago +1

      *** i risk a fix dollar amt per trade instead of percentage
      *** to help with fomo i use both market order and entry order for entries (half and half). market order to wait on my precision point and EO is waiting with the other halfjust incase it moves early. but i only set the EO is it still allows me a favorable risk o reward from that price
      *** also use your #4

  • The Stuffed Vegan
    The Stuffed Vegan 3 months ago +1


  • Bruce Smith
    Bruce Smith 5 months ago

    Thanks E not moving stops it's a cross over between risk management sticking to you strategy.

  • Rowen Hijden
    Rowen Hijden 5 months ago +1

    And if you invest 50% active? You speed up the proces right (if you know how to trade tough)

    • Etienne Crete - Desire To TRADE
      Etienne Crete - Desire To TRADE  5 months ago +1

      Yes but you make it more risky. Those % make it safer because you invest passively too and can still enjoy the money you produce.

  • elhabib baddi
    elhabib baddi 5 months ago

    In how much capital?

  • mike smith
    mike smith 5 months ago

    Trading constantly every week just seems to be the secret of wealth... Thanks to the platform anyways, they are the real help

  • TradeJason
    TradeJason 5 months ago +1


  • Tinker Tanner
    Tinker Tanner 5 months ago

    Good info thank you.
    As I was watching, I noticed your left eye blinks often, while your right eye does not.

  • jonyD143
    jonyD143 5 months ago +1

    Your music intros sound really nice! From SoundCloud?

  • musikmakerfan
    musikmakerfan 5 months ago +1

    People in the comments asking the wrong questions

  • Mavrick
    Mavrick 5 months ago +3

    10k a month following these rules..!!! You need a huge amount of capital as a starting point to make this amount of money consistently. Most successful hedge funds make 5% a month so go figure..
    No rules will help you unless you have the capital.. Not a good idea to put $$ signs to entice people.
    That said most of your message is relevant to be successful and consistent.

    • TradeJason
      TradeJason 5 months ago +1

      I only started with 500aud. Compound.
      It works if you really listen.
      Hey if I can, anybody can.
      Its not meant to be easy🤑

    • Etienne Crete - Desire To TRADE
      Etienne Crete - Desire To TRADE  5 months ago +3

      If you manage your money right (point #1), increasing your capital is effortless

  • Flavio Tamb
    Flavio Tamb 5 months ago

    Do you have a track record?

    • siajiale
      siajiale 5 months ago +1

      @Flavio Tamb
      I was in your shoes before. I am trying to help you and I will tell you:
      You are wasting your time. No trader will show you their record. They don't owe u anything. They don't need you to attend their course.
      I am a profitable trader too. I won't show people my record even if I am to conduct courses.
      BUT, Let's pretend he already showed you his record.
      1. Will you believe the screenshot etcetc?
      2. Will you trust in his strategy completely? (i can definitely tell u, You will not for this question. When the drawdown comes, you will abandon the strategy)
      You need to buy the course and backtest it yourself to gain confidence and trade it right.
      Get a backtesting software and backtest.
      If you don't like what he has to offer, ask for money back guarantee.

    • TradeJason
      TradeJason 5 months ago

      @Flavio Tamb TWAT.

    • Flavio Tamb
      Flavio Tamb 5 months ago

      I asked him a question and I would like an answer from him. @siajiale

    • siajiale
      siajiale 5 months ago +1

      @Flavio Tamb too bad you don't. Why don't u learn his strategy and then backtest

    • Flavio Tamb
      Flavio Tamb 5 months ago

      I would still like to see the track record, should not be a problem if you are profitable.

  • Ashwin Gami
    Ashwin Gami 5 months ago +3

    how much do you risk per trade personaly

  • _monkymind
    _monkymind 5 months ago +1

    Good stuff! Great advices!