Get into a forex trade is one thing, but after that, what do you do? When do you move stop loss? Where and when should you look to take profit? What’s the final profit target?
Fact: It is very common for one person to have a positive outcome on a trade, or at least BE, and another trader to be down 5% or more. How does that happen? What we’re talking about is how you manage a trade. It is EVERYTHING, make no mistake about it.
The bottom line: You MUST have a very clear and rock-solid plan for what to do once you’re in a forex trade. And with a proper plan, you should know it all BEFORE you put on the trade. In this video, Darko will go over the critical importance of both Trade Management, and equally as important, Risk Management. The neglect of either of these are a sure forex account killer!