Forex Recipe

Money management in Forex is perhaps as critical as risk management. You must know it clearly in your mind how much money you can afford to lose without being affected. There are two widely adopted money management techniques.

Either you can take many frequent small stops while trying to get profits from the limited number of large winning trades, or you can opt for gaining small profits with infrequent but large stops with the anticipation that many small profits will overshadow few large losses. (more…)