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Entries Tagged as 'Money Management'

My Current 10 Min Forex Wealth Builder Trades

June 15th, 2008 · No Comments

I’m trading the 10 Min Forex Wealth Builder System, and so far I’ve had 3 trades opened. None of them have closed out yet, so there’s really nothing to report.

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Tags: Forex Trading · Forex Trading Strategy · Forex Trading Systems · Money Management · Trading Journal · Trading Lessons

Forex Trading Education: GBPUSD Breakout Trade Follow up

May 13th, 2008 · No Comments

The GBPUSD broke out above resistance since I last highlighted the trade. With a decent forex trading system, you should have made profits on this trade.
The move that took place from the breakout point was about 400 pips… did you make any money on this trade?
The GBPUSD Breakout Trade

Although the GBPUSD did fall back into [...]

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Tags: Forex Trading · Money Management · Trading Journal · Trading Lessons · Trading Psychology

Drawdowns and Required Percentage Gains

November 9th, 2007 · No Comments

Do you really understand how important managing your trading risk is?
Going through drawdowns isn’t only something that a trader has to manage emotionally and psychologically, it impacts your overall trading results. How?
Drawdowns and Required Returns
Let’s take a look at how drawdowns can impact your overall trading performance.
To simplify the implications, take a look at [...]

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Tags: Forex Trading · Money Management · Trading Lessons

Allocating Your Capital for Trading Success

July 29th, 2007 · No Comments

How do you allocate your trading capital for the best chance of success in trading the financial markets?

There are so many ways and methods to allocate your capital, but let’s just examine it at the simplest and most basic levels.

To make it easier to understand, let’s take a look at three possible choices one can [...]

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Tags: Forex Trading · Money Management · Trading Lessons

Trading Systems with Big Drawdowns

June 13th, 2007 · 2 Comments

Sometimes, you may come across a system with a huge drawdown that you’re not willing to take, but the potential returns are just too mouthwatering

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Tags: Money Management · Trading Lessons

Managing Your Money for Trading Profits

May 27th, 2007 · No Comments

How do you put money management working for you in as simple a manner as possible?

Reading through all the money management books can be very dry, which is why I’ve simplified the entire trading concept and philosophy into a super simple, short and easy to understand format for you.

To illustrate a key concept of [...]

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Tags: Money Management · Trading Lessons

Basic Money Management for Your Trading Portfolio

May 23rd, 2007 · 3 Comments

A key part of becoming a successful trader is the knowledge of money management. Without a proper understanding of Money Management is and is not, you can have the best trading systems and still blow your account out of the water.

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Tags: Money Management · Trading Lessons