This article was first published on Winners Edge Trading.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
With this article, I, believe that your Forex hunting next week will become even more profitable. Why is that so? The subject is on Money Management!
We have discussed the all the angles on and the importance of Stop Losses in the articles called “The Ultimate Guide On Stop Losses”, click here for Part 1 and click here for Part 2. If you have not read that guide, make sure to take a look!!
Of course, the Stop Loss is just a part of the entire equation in our world of Forex trading. Here,we are going to continue with this material, but we are going to look at a broader topic: Money Management (MM). MM is, of course, a vital topic, and is of equal importance as Risk Management, Trading Strategies, Trading Psychology, and Trade Management.
Money Management (MM)
Let us start with the question: what is basic Money Management? The core goal of successful money management is maximizing every winning trades and minimizing losses. A master of money management is a master Fo...
To keep reading this article, please navigate to: Winners Edge Trading.