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Random featured blog entry from Richard Ottley - Forex Trading Log and Commentary

Money Management

Posted 01-16-2009 at 11:15 AM by Richard.Ottley
There are many definitions of Money Management, from the use of a stop loss to how many lots you trade on each trade. My definition of Money Management is safety of funds. The most important money in trading is the money you already have. Yes, it is important and required to risk some money to make profits, yet a true Money Management plan maximizes profits with as little risk as possible.

Once you have established a trading plan, practice your plan through some form of simulator...
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