It is worth mentioning that people like to make money.... well I guess not all of us strive to make it. For those of us who strive to make it, some of us find themselves trading the FOREX market. Without any experience in such volatile market, you are bound to loose everything. The truth of the matter is that someone somewhere always profits from your losses- I guess that's just how the market operates.
In this posting, I want to teach you the secret to money management techniques. This Technique I am about to show you will keep you in the game.
1. ALWAYS USE STOP LOSS; Its advisable to use a previous support as stop loss.
2. USE THE 2% PER TRADE RISK FORMULA : i.e always make your losses to stop at 2% of you total account on each trade.
3 IF YOU ARE NOT A PRO ALWAYS OPEN ONE TRADE : This will make it easier to manage risks.
I have more.... Please follow me on my next post.
No comments:
Post a Comment