February 2, 2017
Trading is not about being right or wrong, but it’s about seeing the market in probabilities. Trading is the act of putting one’s hard earned money in the market (at risk of losing it, without fear) under circumstances where one has an edge, a higher change or probability of price action going in one’s favour, while following strict risk & money management rules. Trading is not a quick get-rich scheme. Rather, it is about mastering the technique to preserve one’s capital. When one learns how to manage the risk and preserve capital, profit will come naturally, when when one focuses […]
August 7, 2016
As we have mentioned, every trader besides ability to forecast the market well, should also have good psychology and good money management in order to be successful. One of the most important things is to know how to manage the risks well and keep them as low as possible. As the rule says, you shouldn’t risk more than 2% of your account for each trade you make. If you find a 2% rule overrated and you think being consistent to it is irrelevant, keep reading this blog and you’re going to find out how bad money management could affect your […]
August 7, 2016
There are 3 major key factors in Trading that every professional trader should have: 1. Ability to forecast the market 2. Good Money management 3. Good Psychology. It’s crucial for all three factors to be included in order to succeed. If just one of these 3 mentioned factors is missing, the trader will fail. In this blog we’re going to get through some important tips on how to improve Money Management strategy. Before we continue, here’s a short reminder: check out New EWF blogs and Free Elliott Wave charts. 2% rule This one is the key money management tip for […]