Mr. Burke quips, "For many traders, money management is the ugly stepchild of the trading family.But you can ill afford to neglect this aspect of your trading plan." Rather than offering tips, Mr. Burke refers to his points as tasks, brining home to the trader the idea of responsibility. You need to perform the following important money management chores to do the job properly; determine how much you are willing to risk on each trade, understand the risk of the trade you are about to take and size the trade appropriately, track the trade going forward, pay attention to your risk points -take small losses before they become big losses and review your performance. Recommending good money management software as an integral part of your trading strategy, he includes basic cautions and common sense in this informative article. Discover tools to improve your money management strategy by downloading a free copy now ... download the eBook to read more
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