The greater staying power of traders the greater chance to win. Traders have to stay in markets long enough to win trades. Money management plays an important role in helping traders to survive in markets. No one win every trades; money management help traders to reduce losses on losing trades. Moreover it also maximizes traders’ [...]
Archive for the ‘Trading Money Management’ Category
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3 Basic Money Management Strategies
Posted by Taro on July 23rd, 2009
Psychology, Trading Tactics and Money Management are the 3 essential skills for successful trading. These skills can be learned but most traders tend to overlook the Money Management skills in trading. A good way to start learning the skills to manage money is getting to know the 3 basic strategies of Money Management.
Why Money Management is important in Trading?
Posted by Taro on July 11th, 2009
Successful trading consists of three factors: Psychology 50% Money Management 30% Market Analysis and Trading Systems 20% Most of traders spend most of their time looking for good trades and only focus in the last factor, Market Analysis and Trading Systems, which is the least influence on successful trading.
