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FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition
book

FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition

by Alex Douglas, Larry Lovrencic, Peter Pontikis
March 2012
Beginner
288 pages
6h 47m
English
Wrightbooks
Content preview from FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition

Chapter 12: Money management — the fundamentals

Yes, it’s been a while coming since chapter 1, but finally, having covered most of the basics and a fair bit beyond, we can return to that most important of subjects for FX traders: money management. For many newcomers to trading, the field of money management is often given only a cursory glance, if that. People prefer to immediately search for that elusive pot of gold and jump right into devising systems that will guide them towards the best trade entry signals. Then, as they advance, they might start to consider the optimal time to close out their trades, whether they be winning trades or losing trades. Ultimately, though, those that achieve long-term success with their trading activities develop ...

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Publisher Resources

ISBN: 9780730376521Purchase book