In this overview, we will discuss what is greed in Forex and how to beat it.
Demystify money management: a comprehensive approach to safeguarding and growing assets. Dive into strategies that strike a balance between risk reduction and profit maximization.
There is no successful Forex player that has achieved a good and stable result without an efficient money management system. Wise and weighted up capital management allows for playing on the high-risk market thanks to marginal trading. In this article we are going to have a look a the main rules and principles of money management on Forex.
Stop Loss (SL or stops) and Take Profit (TP or target price) are orders meant for the player’s safety. They are, by nature, reverse orders: ex. if a pair was bought, a triggered stop or target price initiates a reverse transaction (selling) thus locking in profits (TP) or losses (SL).
As soon as they get a little free money, beginners open another position and, when it comes to the crunch, lose all their orders and entire deposit. To avoid such situations, people created and developed some specific rules to manage their capital and risks.