Risk management: It is one of the most
important topics you will ever read about trading.
Can you say what its importance is? Well, we are in the business of making money, and in order to make money we have to learn how to manage risk (potential losses).
Basically, it is one of the most overlooked areas in trading. Many FOREX traders are just anxious to get right into trading with no regard for their total account size.
You can see that, those are simply the determination how much they can stomach to lose in a single trade and hit the “trade” button. There is a term for this type of investing. Do you know what? It is simple, gambling. We are going to describe it bellow.
Can you say what its importance is? Well, we are in the business of making money, and in order to make money we have to learn how to manage risk (potential losses).
Basically, it is one of the most overlooked areas in trading. Many FOREX traders are just anxious to get right into trading with no regard for their total account size.
You can see that, those are simply the determination how much they can stomach to lose in a single trade and hit the “trade” button. There is a term for this type of investing. Do you know what? It is simple, gambling. We are going to describe it bellow.
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