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.
Entries Tagged as 'Money Management'
My Current 10 Min Forex Wealth Builder Trades
June 15th, 2008 · No Comments
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 [...]
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 [...]
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 [...]
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
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 [...]
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.
Tags: Money Management · Trading Lessons

