Technical Analysis: In my last articles, I shared that for any Forex trading method to be considered, it must be first, a complete method, (Forex Trading Methods – Finding the right one – part 2 ) and second, it must teach specific risk management rules. Today’s article on how to find the right trading method for Forex trading revolves around Technical Analysis. I believe the best Forex trading methods are based on technical analysis, without being 100% mechanical or automated.
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Risk Management: I want to continue the discussion on how to find the right trading method for Forex trading. Previously, I shared (Forex Trading Methods – Finding the right one – part 1 ) that for any Forex trading method to be considered, it must be a complete method Today, I want to add to that by talking about risk management. This is perhaps the area where 95% of Forex traders make mistakes and lose money. Managing risk is about reducing your losses AND about protecting trade capital by employing specific strategies to accomplish each of these simultaneously.
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