Money Management in Forex
Even if you master every possible method of market analysis and will make very accurate predictions for future Forex market behavior, you won't make any money without a proper money management strategy. Money management in Forex (as well as in other financial markets) is a complex set of rules which you develop to fit your own trading style and amount of money you have for trading. Money management plays very important role in getting profits out of Forex; do not underestimate it. To get more information on money management you can read these books:
- Risk Control and Money Management
- Money Management (A chapter from The Mathematics of Gambling).
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