It’s all about risk management – the value of tight stops when trading the Forex market

It's all about risk management - the value of tight stops when trading the Forex market

Even when you do all the right things right in trading — identify a tradable trend reading, time your entry well, decide on a logical exit point — still the trade can go south on you. It happens. That fact alone is all the reason you need to justify a trade management approach that favors tight protective stops, not to mention a means of removing risk from the trade as soon as practically possible. The Quad Screen method (which we use for the Fibonacci Swing Trader service) is really helpful for the purpose, because it always forces you to drill down to a relatively low–level timeframe for an entry point, which in turn allows you to find tight stops. Being able to take a trade knowing that you’re never on the hook for much — now that’s a great way to avoid the worry of whether the trade will work out or not. To view today’s video presentation which walks you through these ideas, please click the following link (for which you will not be prompted for a user’s name or password): www.forexmentor.com/swingtrader/update/20120929 I hope you enjoy it! To your trading success, Frank Paul & the Forexmentor team www.forexmentor.com/swingtrader www.twitter.com/fstupdate
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további FOREX videók a www.elemzeskozpont.hu portálon
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Category: Forex Trading

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