Everyday, you make a lot of personal and financial decisions that shape your financial life. Seven days a week, twelve months a year, you choose how to spend, save, and share your money, time, and effort on people, things, and activities that matter to you. But how often do you think about the risks associated with the personal and financial decisions you make? In this article, you will discover a number of risks involved in making your personal and financial decisions and explore what actions you can take to manage them.
Risk management is the single most important concept to learn when trading the forex markets.
Without good money management an exceptionally gifted trader will lose just as much as a bad trader. So, while a good risk management system may not fully rescue a losing strategy, a winning strategy cannot possibly succeed without good risk management.