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The Most Important Skill for profitable Trading!! Every Trader must read!
Only 5% of traders rise and shine in trading. What is there SECRET to make a profit in trading?? The answer is there is NO SECRET! Even the most experienced traders make losing trades, But the difference is that they manage the risk and reward aspect of their trades very well. This is where most traders fail. Managing the Risk that you bear in every trade and the reward you earn to bear that risk will decide if you will be profitable in trading or not. You must have a tested and proven strategy that makes the most accurate indications/Signals first to step into the market to trade. The next step is to design a Risk Management Strategy according to your trading style and preference. Risk Management is really important in day trading or investment in general, It will help you gain an edge and stop you from getting broke. Here is a method to design your own Risk Management Strategy: Always use Stop Loss and Take Profit I can't express how important StopLoss and TakeProfit are!...