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 ...
Get FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
