In Forex market, money management or Risk Management is the key factor which should be seen as a positive element. Money Management is a defensive concept which keeps the trader in funds so that he can trade another day and bears outs profitable performance. It is the key factor
that is the difference between success and failure. With risk management the trader needs to manage his means to achieve his ends. Sometimes it is absolutely the right thing to do to get a loss so as to avoid making much larger and more catastrophic losses to his hard earned funds.
that is the difference between success and failure. With risk management the trader needs to manage his means to achieve his ends. Sometimes it is absolutely the right thing to do to get a loss so as to avoid making much larger and more catastrophic losses to his hard earned funds.
For a trader, the proper usage of trading plan is very important that lays out strategies for the trading activities. Helping traders to manage their money and the risk exposure are the practical uses of such plan. The plan should comprise details of what risk level the trader comfortable with, and the amount of capital he has to use.
