Risk and Money Management in Forex Trading

This is the most overlooked aspect of trading by new traders. Ignore this topic at your own risk because failure to follow good money management principles will bust your account no matter how good a trader you are. Good money management keeps us in the game when most novices are knocked out.

Many traders see the trades but don’t manage their money very well and ultimately they lose all their equity. This is a big topic and I can only scratch the surface of it in this article.

With anything in life worth doing comes the risk of failure. The trick is to know how to minimize this risk to an acceptable level, whilst giving yourself every chance of reaching your goals.

I can’t overstate the point that money management is the key to becoming a wealthy Forex trader. The Forex market is dominated by ill-informed and undisciplined people who thrown their money away week after week.

Fortunately for you, the Smart Money Forex Trading Course will teach you money management techniques that literally make it impossible to lose all your money.  And did I mention it’s free?!

By |2015-11-04T23:02:53-06:00July 3rd, 2012|Forex Trading Strategies, Phil's Forex Blog|0 Comments