Trading Bonus Free 25€ / No Deposit Required : https://goo.gl/nXSPZ7 Free Tools Here: https://goo.gl/CdbSGV When you trade without risk management rules, you are in fact gambling. You are not looking at the long term return on your investment. Instead, you are only looking for that “jackpot.” Risk management rules will not only protect you, but they can make you very profitable in the long run. If you don’t believe us, and you think that “gambling” is the way to get rich, then consider this example: People go to Las Vegas all the time to gamble their money in hopes of winning a big jackpot, and in fact, many people do win. So how in the world are casinos still making money if many individuals are winning jackpots? The answer is that while even though people win jackpots, in the long run, casinos are still profitable because they rake in more money from the people that don’t win. That is where the term “the house always wins” comes from. The truth is that casinos are just very rich statisticians. They know that in the long run, they will be the ones making the money–not the gamblers. Even if Joe Schmoe wins a $100,000 jackpot in a slot machine, the casinos know that there will be hundreds of other gamblers who WON’T win that jackpot and the money will go right back in their pockets. This is a classic example of how statisticians make money over gamblers. Even though both lose money, the statistician, or casino in this case, knows how to control its losses. Essentially, this is how risk management works. If you learn how to control your losses, you will have a chance at being profitable. In the end, forex trading is a numbers game, meaning you have to tilt every little factor in your favor as much as you can. In casinos, the house edge is sometimes only 5% above that of the player. But that 5% is the difference between being a winner and being a loser.
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