Money Management Coaching: 2. Good Money Management

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Good Money Management Consists:

 

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  1. Set Goals – Have a plan
  2. Get Organized – Maintain a detailed record
  3. Cut Your Losses Short – Lose less and win more (Risk to Reward)
  4. Get Balanced – Risk / Reward Ratio
  5. Protect Your Money – Move SL to BE
  6. Grow Your Account – Take it slow, take it steady

 

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.

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