The proper application of money management gives a forex trader an account growth edge while trading forex without a logical money management strategy typically amounts to little more than gambling.
Alternative Trade Management/Money Management Methods 3 replies
Money Management..keeping the money... 39 replies
Help with Money Money Management Please! (Free EA) 4 replies
DislikedHello Friends, Does anyone knows of any Good Money Management / Risk Management Books. Or know any site, where much more information is given on where to put Stop / profit orders, to have further understanding.Ignored
DislikedThe proper application of money management gives a forex trader an account growth edge while trading forex without a logical money management strategy typically amounts to little more than gambling.Ignored
DislikedTake profit and stop loss placement are not about money management. It falls into your trading strategy. It's your strategy and trading style that will decide where to place take profit and stop loss.Ignored
Disliked{quote} I personally like to use a 14 period Average True Range (ATR) with 2 standard deviations to determine my stop loss in conjunction with a pivot point. This has been the MOST effective method I've found. As you may know, the average true range will tell you in PIPS, what the average volatility has been is over the last x periods... apply a standard deviation of 2 to the ATR and will have a stop loss that has been hit 5% of the time in the last x periods.... pretty cool huh? This means, you can be 95% certain that your stop loss will not be...Ignored