TOP 5 Money Management Tips for Beginner Forex Traders

[@KarenFoo]

Remember if you don't learn this the easy way and listen to this,you will learn it the hard way.

[@berrynick135]

Thanks to you Karen my Yearly ROI is now 50% and a Drawdown of 1% 😊😊😊. But how can I get more Capital? How can I get noticed?

[@LukaszAdams]

Thanks for video Karen. I got friend who trade crypto but he trade from 3 years on crypto and is still green on market.I try help him but he is so lazy to learn.

[@gutenh.4570]

@@berrynick135 If you think you're good, go and take on the "FTMO Challenge"

[@berrynick135]

@@gutenh.4570 My strategy is not enough for them!!! And besides a consistent 10% monthly with their objectives is not easy longterm.

[@might1988]

I got burned🔥 a lot of times, before I resorted to good risk management. Now there is a whole big difference. Karen is one of the best out there!

[@DanielOkoroh-n4n]

Always on point. So much insights every time I watch your videos, I watched your videos on how to calculate pip value , thanks ma'am, no one does it better. Grateful to have you, much love.

[@junquinito2343]

I applied risk management in my trading the way you taught on your videos. You're absolutely right, Karen! i got a slow and steady growth of my account. It should be the number one (1) tip / lesson for beginner traders to learn. :)

[@KarenFoo]

But most traders dont value this until they lose money and blow their accounts

[@PrinceOpoku10]

So true, most people won’t bother with this, yet it’s the most important.

[@ricky8317]

Brilliant. You are perfectly right. Only after reading Trading in the zone ,by Mark Douglas and blowing my account several times in the last 2 years, I have stopped looking for the magical strategy. All am using now is moving averages to determine the direction of the trend , price action and a very strict 1.5 % risk /trade.My account is slowly going up:) You are the teacher for the successful traders, 5%, trust me. Some other "gurus" selling "the perfect strategy", unfortunately are USING the other 95% of the traders. Keep doing the good work. thank you

[@KarenFoo]

Im glad I could help. And yet some of those so called gurus with zero finance background are growing faster than me. That's why I stopped publishing that often onto KZbin

[@ricky8317]

@@KarenFoo i know they are, however the same like trading, can they offer consistency to their bank account? After a few months people will realize that "the guru" offer nothing than a losing trip . and then everyone will start looking for videos like yours. x

[@khusanmamatkulov4536]

Trading cannot be risky with the right knowledge. For the right knowledge you need a great tutor. Now I am making around 4k a week because of the right knowledge. Thats why I recommend you finding the right tutor. Forex - my life!

[@KarenFoo]

All the best!

[@chibuzouko2850]

Can i private or email you?

[@mytechnopreneur854]

Thank you ..you just called me an Experienced Trader :) As I give more importance to Risk management than any strategy

[@joelmarkigga2451]

Bitter truth, but that's where Money is... thanks Karen

[@JBH-kush]

Karen thank you for all the videos!!! I’m consistent but I appreciate your content 1000%

[@KarenFoo]

You're welcome!

[@shelleydavis5231]

This is what I learnt trading demo for almost a year, yes a year. My strategy worked, and I just had mostly blues showing in my stats, however, I felt good about the fact that I had more blues showing than red, however, for the few losing trades, the market reversed and was in loss, eventhough I had more winning trades listed! Risk management, risk management, risk management. It doesn't matter how good your strategy is, it's how good your risk management is. Good video Karen🙏

[@KarenFoo]

Yes you're right. Unfortunately most people need to learn this lesson the hard way

[@thamarakaluthanthri2965]

Thanks Karen. I have been doing so many mistakes in trading. Thanks to your KZbin videos I learned lot of things and now I am consistently profitable. Thanks

[@KarenFoo]

Glad i could help! Keep up the good work!

[@startfootball4]

Tnx Caren... I always underestimate the need lots size calculation and yep, I learnt hard, tnx for ur videos, it's real and making an impact. Keep up the good work.. "trading against one of smartest people" key message

[@KarenFoo]

Most people underestimate it until they learn it the hard way

[@mikedok1]

this is an extremely important video. If not one of the most important videos, you've done. risk management is extremely critical when it comes to trading. thank you Karen. You have a very nice looking room, by the way.

[@KarenFoo]

You're welcome. Thanks for your kind compliment. Its important but then it's one of the lowest view videos based on stats. This is why most people lose

[@user-ku2ji5sv6d]

thnks for your very informative videos, i m a beginner forex trading. your video will help me to attain my goal to be diligent forex trader...

[@KarenFoo]

All the best to you

[@leongsiewyin7556]

Yes, I’m being trying out the different order type in demo acc. after learning from your first free course previously.I found out, it let me manage my trade more well (for full time job) and even exploring the function/usage of the different order type to suit with the condition of the currency market. Great, today I learnt on sharpe ratio! I’m going to check out on this! Thank you😊

[@KarenFoo]

You're welcome!

[@Okeysonresources]

Thank you Karen Foo. You are doing a good job. Your videos and teachings has been helping me and my friend a lot. We cant wait to attribute some of our good results to your teachings. It will not be long we shall invite you to our country. PLEASE KEEP ON KEEPING ON.

[@KarenFoo]

I'm glad my videos help. All the best to you !

[@kafwayachisakamukupa7468]

Thank you Kay...well received.. Thank you for the hard work you put in..

[@KarenFoo]

You are so welcome

[@studentoftheword8740]

There is no better than these words Karen. Thank you.

[@KarenFoo]

You're welcome

[@allfatherasia5579]

appreiciate this video karen, it helped me. Please continue making such informative video. And wish me luck for poly in banking and finance

[@KarenFoo]

Glad it helps!

[@peowpeow]

Big love, as always brillant! 🥰

[@scarfo441]

I risk 1%of the account...then I take that 1%and break it down to 1/3rds and I scale into positions..we shoot for a min of 250 pips or a return of 40% of money margined..we like to view things in percentage terms rather pips..we are looking for a better return than the local bank gives us..the reason we began to break that 1% into 1/3 rds is because,every time I entered a trade,the market would immediately turn against us...so by breaking it down and scaling into positions I can set my stop loss 100 pips away with no sweat..now we never let price reach our stop loss,but this allows for the trade to breathe so far so good.

[@CivilConstructionist]

being waiting for this please we need on other detail lecture on money management thanks mam

[@kulithkospolage5243]

Hi Karen. Could you do a video on harmonic patterns please? There aren't any clear youtube videos explaining them properly.

[@KarenFoo]

Because that strategy is kinda outdated

[@ThoughtsCo_17]

Thank you so much for your gems. I feel like I am in the right track

[@evanste2237]

Thanks Karen another great video. I need to key in on better understanding my lot size when honing the skills in my demo MT4 account. We learning let’s get it done ✅.

[@KarenFoo]

All the best

[@adityasamal9091]

Bow down to the queen

[@garrickezekielt.7539]

thank you so much.... am really blessed from your teaching... thank you

[@KarenFoo]

You're welcome

[@aqprider]

Your alpaca "trader" is so cute )))) Thank you for an excelent content, as always.

[@KarenFoo]

You're welcome. 🤣

[@itatchiify]

Can you share your story on how you first started? I’m 21 years old and I decided to take the year off from college to focus on trading. After 3 months of studying and learning from my mistakes, I’m seeing tremendous amounts of progress, and I’m curious to see what my life would be like after a year. Many would say it is a foolish decision, but I would argue this is the best time to do it

[@KarenFoo]

Already shared it in my other video

[@abyanjohn4788]

Hello congrats to your 100k Sub.. thank you for your Sharing Knowledge..♥️♥️

[@KarenFoo]

Not yet 100k😅

[@jimmycharles7797]

Great content!!! Thank you!!!!

[@KarenFoo]

Welcome

[@muhammaduohida8697]

❤🎉amazing 😊😊

[@dantefajardo347]

I scalp the EUR/SGD and my Risk is 3.5 to 1.4 pips. Is it still ok to trade with a high risk to reward?

[@AnmolTamang]

iss it ok for low balance trader too trade at higher time frame. because i did try it and most of the time i would get stoped out because i took less risk like 1-2 % is there any thing i can do .

[@AnmolTamang]

and other time if i put my sL more most of the time i would loose most of my balance.

[@AnmolTamang]

do i need more practice. ?? is that it .

[@khalilahmad288]

When will you upload your complete Forex course lesson 2

[@KarenFoo]

When I reach 100k. :)

[@christopherho1013]

Hi Karen, may i ask does breakeven include commission fee / or swap fee? Thanks

[@KarenFoo]

Yes if you're the conservative type

[@christopherho1013]

@@KarenFoo Thank you!

[@CivilConstructionist]

being waiting for this please we need on other detail lecture one money management thanks mam

[@KarenFoo]

I'll do it when I've time. I dont do youtube as often as last time anymore because of how unfair this platform became

[@cdwang6287]

Tks for sharing

[@Dapartyzone1]

Thanks for making these amazing videos..

[@KarenFoo]

You're welcome

[@jamescut466]

thaannnkkkks kareennnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

[@aileencenita1586]

Still excellent content my dear Karen

[@jasisaac7470]

Agree agree agree agree!

[@nkosingphilemakhanye7634]

Thank you so much for your videos so much helpful

[@nkosingphilemakhanye7634]

@annabel gurl I'm sorry i just dont trust bitcoin

[@nkosingphilemakhanye7634]

Also I dont invest on something I dont know

[@KarenFoo]

You're welcome

[@KarenFoo]

@annabel gurl I'll advice you to take your promotional bs out of my channel

[@keyboardactivist23]

Love you from India

[@KarenFoo]

💜

[@tantongchyejohnny3483]

Money management is the most important for longevity of trading.

[@KarenFoo]

You're right

[@christophermkakatu8687]

thank uuuu 💎💎💎💎💎💎💎

[@KarenFoo]

You're welcome 😊

[@theangkezboy9818]

Have you collaborated with rayner teo??

[@KarenFoo]

No

[@abban1948]

Hey, I'm 15 Been watching your videos for a while And I wanted to ask if you'd give me any advice or make a video for underage teens who use demos and other KZbin videos for learning Fx

[@KarenFoo]

At this age. Spend your time learning from others as much as you can and be patient.

[@rediindra3853]

HI KAREN, MY RISK IS 2% PER TRADE, NOW I'M IN 50% DRAWDOWN. IS THAT SOMETHING WRONG WITH MY METHOD? I BACKTEST IT AND WINRATE IS 64%. I USE SUPLY AND DEMAND AREA STRATEGY

[@KarenFoo]

Might be your risk to reward issue. You didnt digest this video properly because it seems like you didnt pay attention

[@ilparil5236]

Well 2% per trade.. depends on how many trades you got lol xD I mean you don't want to risk 10% of your account at once. And you should only by in 50% drawdown when you have 6 trades that are all close to stoploss. So actually you risk 50% instead of 2% at once xD

[@rediindra3853]

Well i actually know my problem was taking correlated pair because it has identical setup in one trade.

[@muniandysubramaniam2269]

👌👌

[@werewolf1386]

Ms Karen , I am looking for a mentor. Are you willing to teach me ? If possible ?

[@KarenFoo]

Email my team for mentorship program ([e-mail])

[@rixonmendoza9056]

🥰🥰🥰

[@fxchartmogul3742]

You looks so cute 😍

[@tradingplate8002]

Very cute

[@gutenh.4570]

Me going straight to watching her video "How to calculate pips…"

[@KarenFoo]

And skipping this video will cost you money then 🤣

[@mitchellrorke9686]

✊🏼

[@adamnaughty]

U R fun insturtor Karen