Hi there!
In this series of articles i’m going to introduce to you some of the best money management concepts/methods that have been developped by great forex and stock traders.
All of us heard and read about how important the money management but the most of us have been lost in finding clear money management strategies to follow. Our money management strategy today is very simple and easy to follow; it,s the 2%-6% rules.
The 2%-6% rules money management strategy was introduced by Elder Alexander in his book “Come to my trading room” in chapter 7 that labeled “Money Management Formulas”.
Sharks and piranhas :
Elder says “The goal of money management is to accumulate equity by reducing losses on losing trades and maximizing gains on winning trades.” and he affirm that Everyone in the market (competitor traders and brokers) want to eat your money, they […]