Module 7. Managing Money, Exposure & Risk

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DO NOT IGNORE THIS MODULE.  You may think knowing chart patterns, indicators and candlestick patterns are the most important aspects of Technical Analysis. You may think money management will look after itself?  Far from it. Managing your money is just as important as knowing when to enter and exit trades.  Why?  Because things don't always go for you and even when they do, your trading strategy may incorporate expected losses on the way to making a profit.

In this module we'll explore managing your money, your positions and risk as well as talking about some of the terminology that you may encounter while dealing with brokers.  Money management has aspects of dealing with your own mental attitude and your emotions.  We've already touched upon this in Module 6. Trading Psychology - Psychology of Money Management.  It may be worthwhile looking at this section again.


Contents

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DO NOT IGNORE THIS MODULE.  You may think knowing chart patterns, indicators and candlestick patterns are the most important aspects of Technical Analysis. You may think money management will look after itself?  Far from it. Managing your money is just as important as knowing when to enter and exit trades.  Why?  Because things don't always go for you and even when they do, your trading strategy may incorporate expected losses on the way to making a profit.

In this module we'll explore managing your money, your positions and risk as well as talking about some of the terminology that you may encounter while dealing with brokers.  Money management has aspects of dealing with your own mental attitude and your emotions.  We've already touched upon this in Module 6. Trading Psychology - Psychology of Money Management.  It may be worthwhile looking at this section again.


Contents

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