Why Money Management?

Best system will fail in long-term if it is without proper money management. On the contrary, bad system can turn profitable if used with a good money management. Currency trading always go through the cyclical ups and downs, where winning and losing are just part of the game. However, with the right money management, you might be able to hold onto your winnings, while minimizing losses during bad times.  Read more »

Money Management and leverage, stop losses and targets

This is one of the most important and most overlooked parts of trading. Many traders take huge risks with their capital in the hope that they will “get rich quickly” or recover previous losses with one good trade. I would like to suggest some simple guidelines for managing your trading account with the Expert Forex Systems, which will help you to reduce risk and maximize returns.
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Provided By David Jenyns & Trading Secrets Revealed

The previous article showed the principles behind a trailing stop. In this article we will look at taking this one step further and using stop losses not just to limit risk and lock in profits but also to enable you to produce even more profit but increasing the level of risk you are in the trade at the appropriate time. This does not mean that you trade at a more risky level – remember this is a cardinal sin for traders. It does mean, however, that you take on more risk at a time in a trade that is already in profit. This way, you can be assured that the trade will never lose you money but you will be able to give it more freedom to develop without being stopped out too early! Non-fixed Average True Range (ATR) Based Stop Losses
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Provided By David Jenyns & Trading Secrets Revealed

In the previous article, stop losses were discussed as being crucial to prevent excessive losses from building up. In this article, we will discuss a more advanced method of using stop losses not only to protect you from excessive losses but also to help you produce profits on winning trades. Read more »