Money Management & Trading Tactics

MONEY MANAGEMENT
Trader must look into three important factors : price forecast, timing and money management to trade successfully. Price forecasting indicates which way market is expected to trend. It is the first crucial step in trading. Forecast process determines if trader is bullish or bearish. If price forecast is wrong nothing else will work. Trading tactics determines specific entry and exit points, ie., timing. Money Management covers allocation of funds. Price forecasting tells what to do (buy or sell), timing helps decide when to do it, and money management determines how much to commit to trade.
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