O'Reilly logo

FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition by Peter Pontikis, Larry Lovrencic, Alex Douglas

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

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 ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required