Tag: Money ManagementSort
You've probably heard talk about "market uncertainty" in the financial news recently. But when are the market trends ever certain? The constant uncertainties contribute to your frustrations as a trader, and you need to have a method for dealing with the ups and downs. Every successful trader has one.
Money management strategy in binary options and forex trading
Letting your profits run seems like such a simple concept in money management. In fact, many investors have a tendency to let their losses run instead, and therefore cut their profits. Why? It is easy to see a loss and say, “It will come back.” Actually taking the loss would admit we were wrong going against our psychological profile. Letting our profits run has the opposite emotion.
Trading Futures for a Living: Trading Account Management
Have you come across a trader who reported a large amount of profit from a relatively small account? Such stories are wide spread and often attract inexperienced trader’s attention. In this 5 part article we will explore into traders mind and psychology plus look into ways of managing money the right way.