Money management

Money management is an important issue to the traders. Trading books are littered with stories of traders losing one, two, even five years' worth of profits in a single trade gone terribly wrong. Typically, the runaway loss is a result of sloppy money management, with no hard stops and lots of average downs into the longs and average ups into the shorts. But I always enjoy a better amount of profit with Trade12 broker due to their lowest transaction cost and other favorable facilities.

One of the most important aspects of trading is money management. An individual trading with proper money management will do better trading a mediocre trading system than a person trading an excellent trading system who lacks money management skills. Moreover who uses high leverage like me should always maintain money management rule. I get 2000:1 leverage from my broker AAFX. And for my trading I use 1:2 risk reward system.