Risk Management All of life is the management of risk — not its elimination. WALTER  WRISTON 21 MANAGE YOUR POSITION AND PORTFOLIO SIZE Never take an arbitrary position size. Every trade that you take should...
Trade Management In trading, it’s not about how much you make, but rather about how much you don’t lose. Bernard Baruch 15 Start Small With few exceptions, there is no successful strategy that works on a $500,000...
8 Forex Trading Tips for a Lower Volatility Market It seems that it was not that long ago the the forex market was characterized by higher volatility, with average daily ranges exceeding 1% of the spot price....
Can you imagine a scenario where you could make money in the market no matter which direction it decided to move? Believe it or not, there are strategies that can help make that a reality for you....
Risk Management for Traders There are few maxims in trading held at all times and for all traders, but at least one concept will always be relevant to every trader. That concept is risk management. From a...
If you are a newer trader, you may not realize just how important it is to pay attention to some of the breaking news that comes out of the financial world. It is far more important than...
I received the following question from a trader sitting with an underwater position. I am long USDJPY above 155 and need some guidance. Could you give me some advice on whether to hold on or hedge it....
If you want to be a successful trader, you need to keep a trading journal. This is an essential part of the trading process, and it can help you improve your trading skills by leaps and bounds....
01 SKILLS ASSESSMENT This part of the experience of trading is the moment when you step back and take a look at yourself in the mirror and attempt to ascertain if you are truly ready to start...
A Professional Trader’s Strategy for the Retail Forex Trader When I was a bank trader, I became friendly with a trader who managed a forex  dealing room. He related his philosophy, which I call a professional trader’s game...
The management of risk is frequently overlooked by traders. It is cited as being a boring subject where complicated formulae are needed to understand and quantify risk. Many traders especially in the modern world of hit-and-run or...