Money Management: Any successful trading system or ideaology will by definition, have a positive expectation.What does this mean? It means that in the long run, the system will make money. It does not mean you will win every time or even a lot of the time. We may take a position in the market when conditions are favourable to making a profit, but no trade is a sure thing. Every trade comes with the risk of a loss. It is therefore inevitable that losses will occur at some point. Because it is human nature to dislike losses, many people try to ignore this harsh reality. That explains why many traders have problems.Because they ignore this facts and trade fallacies. Remember you cannot prepare for something that you ignore and to ignore this reality is to guarantee failure. Therefore, if we expect a system to make money in the long term, then we must trade in such a way as to remain in the market.This is where money management vitally comes in. I am an experienced forex trader who has been trading on the platform of the FxGlory (best MT4 broker) for over three years. I have used many brokers but none of them matches what I enjoy at FxGlory . *They offer fast fast processing of fund withdrawal.
*Their customer support service is excellent and *They give the highest leverage in the forex industry(1:3000).
Here's a simple trick I used to pull $789 from one trade yesterday... Go ahead and use it too, it's so quick and easy: GINO TRADING SYSTEMS
Any successful trading system or ideaology will by definition, have a positive
expectation.What does this mean? It means that in the long run, the system will
make money. It does not mean you will win every time or even a lot of the time.
We may take a position in the market when conditions are favourable to making a
profit, but no trade is a sure thing. Every trade comes with the risk of a
loss. It is therefore inevitable that losses will occur at some point. Because
it is human nature to dislike losses, many people try to ignore this harsh
reality.
That explains why many traders have problems.Because they ignore this
facts and trade fallacies. Remember you cannot prepare for something that you
ignore and to ignore this reality is to guarantee failure.
Therefore, if we
expect a system to make money in the long term, then we must trade in such a
way as to remain in the market.This is where money management vitally comes in.
I am an experienced forex trader who has been trading on the platform of the
FxGlory (best MT4 broker) for over three years. I have used many brokers
but none of them matches what I enjoy at FxGlory .
*They offer fast fast
processing of fund withdrawal.
*Their customer support service is excellent and
*They give the highest leverage in the forex industry(1:3000).