Topic: MONEY MANAGEMENT
13/05/2014 - 1400 GMT
We all heard the phrase “Markets never sleep”! Well, that is absolutely true and what you as trader need is to have enough money to trade another day. Money management is your Swiss knife to survive the market turbulences.
Planning your trading life cycle will help you deduce the preferred leverage, the position size and the amount of money that your plan allows to commit. It’s a “risky game” and you should utilize professional techniques to tackle it. Money management increases the odds to grow your profits.
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