Money management tools for forex traders 2021 | Forex.com | 7 September 2021 | Webinar
Venue
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| Event Date | Tue Sep 7 EDT (over 3 years ago) |
| Location | Webinar |
| Region | Americas |
Details
To become a master trader, you need to have implicit knowledge of how price moves and an innate ability to divine the future from the technical analysis signals.
Separate from this you also need to develop skills of assessing risk and applying strict controls to mitigate it from your trading. These skills are just as important as the technical ones. Rule no. 1: You need to protect your trading capital!
This webinar will cover the following important money management tools:
• The basics of money management and why it is so important to understand
• How position sizing is the first line of defense in a risk management plan
• Why a strict risk control plan can help manage your trading mindset and can allow for better trading decisions
• A look at the concepts of leverage and margin on the FOREX.com trading platform