Manage Your Money, Or Someone Else Will by Ray Johns
ARTICLE SYNOPSIS ...Manage Your Money, Or Someone Else Will by Ray Johns
You can stop that from happening, and here's how.
Many traders, especially those new to the markets, tend to overlook a simple yet important premise when it comes to their trading: specifically, that the cornerstone of long-term profitability in the market revolves around successful money management. It may sound simple, but oftentimes, not enough emphasis is placed on the importance of proper money management. In fact, the management of your money (that is, taking steps to reduce risks and allocate funds) is so critical to success that it...