Losing money consistently on your trades? Want to master the art of risk management & become a winning trader?
Click here. Classes start on Aug 17. Today is the last day to register!
Stock markets & Forex markets by their nature, are risky. They can be unkind & treacherous. When you start trading, you start with a disadvantage – be it the broker commission or the bid-ask spread that you see every day eating into your capital. Besides that there is the market risk. So what do successful traders & professional traders focus on as an important trait? It is the Risk Management element – for them, no trade plan or strategy is complete without Risk Management.
Stop losses are a popular way of limiting your risk. To succeed, one needs to identify & use the right (and reasonable) stop loss levels. Otherwise one can run the risk of stop losses triggering all the time. But keeping a Stop Loss alone is not Risk Management. There is much more to risk management than what is commonly known. The application of the technique needs further study & understanding.
If you are interested in understanding the concept & how to effectively use it to become a successful trader, please click here for an online program on Risk Management.