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Money Management can be defined as the assortment of techniques that help a trader minimize the risk of loss, while still enabling him to participate in major price gains. Ironically, it is probably the most critical aspect of trading and the most overlooked. It is only natural that when we take a trade, we tend to focus on potential profits than dwell on possible losses. We are usually so convinced that the trade will be profitable, that we tend to ignore the possible losses that would occur should the trade go wrong. Losses in trading are inevitable, but a successful trader is one who manages and controls these losses. Learn to apply the various principles of risk management to protect your capital and increase your profits.
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