A new trading e-book has been uploaded to my site today. Its Money Management and Risk Management by Ryan Jones. As the title of this book goes, its about money management — one of the most important parts of Forex trading (and not only Forex, but any other financial trading that involves risk and probability). The author wisely divides the money management into two kinds — the proper and improper money management. Where the first type refers to the one that always keeps in mind both the risk and reward parts of each trading action, while the improper tries to amplify the importance of only one of those to vital parts. Unfortunately, the majority of traders, especially newbie traders, that see the possibilities opened by the on-line Forex market and its huge leverage, fail to see the full picture and all the more so they cant apply the proper money management to their trading strategy. But now you can download this book to learn more about the proper money management:
If you have any questions or interesting thoughts regarding money and risk management in Forex trading, please, feel free to reply in comments.
