Forex brokers will rarely teach traders good money management skills, though almost all brokers will offer some sort of education, money from forex it’s important to also learn on your own. The main idea of the whole trading process is to survive! Survival is the first task, after which comes making the money. One should clearly understand that good traders are, first of all, skillful survivors.
Those who also have deep pockets can additionally sustain larger losses and continue trading under unfavorable conditions, because they are financially able to. For an ordinary trader, the skills of surviving become a vital “must know” requirement to keep own Forex trading accounts “alive” and be able to make profits on top. As you can see, this simple decision — a money management approach — can have serious consequences if misjudged. Forex trading is a high risk investment. All materials are published for educational purposes only. Who’s online There are currently 5 users online.
Submitted by Edward Revy on January 28, 2007 – 08:11. Along with Forex complex trading strategies this page is expected to gradually reveal our so called Forex advanced trading strategies. These strategies will have a strong background, sound theoretical base and will represent known to us trading techniques and rules used by experienced Forex traders. We also going to share trading strategies that we use in our Forex trading practice. Don’t forget to read our disclaimer policy.
Also remember that any trading involves risks and there is no trading system which is immune to losses. Your experience may easily start with a losing trade, so before giving up on a system, make sure you’ve tested it well. Your discipline is and will always be the key to success. Follow the rules strictly, if modified, write these changes down and do not alter as you trade.