Author: Dmitriy Gurkovskiy

Having majored in both Social Psychology and Economics, I went on to continue my education in post graduate. Later, I worked as a team lead of a tech and fundamental analysis lab in the Applied System Analysis Research Institute. This helped me to acquire all necessary skills and experience to become a successful trader and analyst, as well as a portfolio manager in an investment company. I’m a pro in the financial field, who authors articles for various international media. I also hold the position of a Chief Analyst at RoboForex.

The Art of Money Management Part 1: History, Rules, Advice

Beginner traders usually consider money management to be some dull paperwork; outwitting and conquering the market for a short-term profit seems much more exciting. Short-term effects give you the feeling of a victory but are very few. Such an approach tends to end up in a failure as it is, in essence, playing with the market but not a serious systematic approach. And after the trader realizes that trading requires a strategy and a plan, they start to consider studying some money management models.

Losses: 4 Stages of Accepting Them, 3 Ways to Reduce Them, and 3 Rules of Changing Them to a Profit

Everyone who comes to the market craving for money thinks that they will be among that 10 % of successful traders that can be called "cream of the cream". Such a way of thinking is logical and natural, because — who will ever aim at bad results? Well, a question emerges then: where do the remaining 90% appear from? What happens to them next? Why do these statistics of 90% losing traders against 10% gaining ones exist at all?