I did not trade on Monday. No good setup, and it was public holiday in U.S.

Tony Juste from Fxstreet.com posted a presentation on money management in the forum of Fxstreet.com. It is called ‘Effective Cost’ Technique. The outline as follow:

  • It is a defensive technique. It is based on the probabilities of success of a particular position initiated.
  • It was built to prepare for the worst-case trading scenarios It allows for moderate profits while attempts to keep losses under control.
  • Allows a trader to determine the stop loss level:
    • Based on equity drawdown
    • Based on technical triggers

Full presentation is available in this thread of the forum. You have to sign up a free forum membership to gain access though. Good stuff. Go and have a look.

From the desk of Tradergav.com


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