Money management is a way traders control their money flow: in or out of pockets... Yes, it's simply the knowledge and skills on managing a personal Forex account.
There are several rules of good money management.
Risk only small percentage of total account
Why is it so important?The main idea of the whole trading process is to survive! Survival first, and only then making money on top.
Sunday, March 22, 2009
Week 2 perfomance
Week2, masih problem lg, mslh utama dlm trading.. displin.. emosi.. week 3 cuba elak ia berlaku lg. HAPPY TRADING TO ME....Saturday, March 14, 2009
Week 1 perfomance
Seminggu running system baru, 6 post OP x, yg loss $9 tu silap OP. Total loss $-96.00.
Byk terlepas entry, walaupun fulltime trade. Kalu dikaji blk sepatutnya profit.
Byk lg kena upgrade system ni, walaupun nampak perfect, tp byk juga false signal.
Utk trade next week, akan dibantu filter utk elak OP at false signal.
Next week OP 1 lot per entry, SL 40 pips, TP pada digit last 00, or 100pips, or bila price kena Parabolic.
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