Risk Management Basics
It is not so much about the strategy you’re implenting, but the amount of risk you’re taking. Everyone thinks about “How much money can I make on this?” However, the questions you should ask “Ok, I like this investment, but how much am I willing to lose if this investment fails?” You have to have proper discipline, and understand statistics which can help you determine probabilities of profitability. In addition, it is a great idea to get You may think you’re rich, but you're always losing money because of inflation. You have to get the skills to continue to grow your wealth. Have proper discipline. Never be fearful, but never be greedy. You may open many doors if you apply this in trading, and in your life.