http://www.forexmalibu.com/20pips.php - Live Online Forex Trading Training Course - Fibonacci grid trader and Tiger Time Lanes Moderator Sam Shakespeare covers the proper use of Risk to Reward, and how to implement it in everyday trading. A fundamental concept regarding money management. This is an excerpt from a live online training webinar. 14 Day Trials available to live online trade room and Tiger Time Lanes Forex tading software.
Nice videos, I'd just add, everyone always talks about rick reward with a very short term view, which in fairness isn't great. It makes people think that if they have 10 losing trades, the system wont work. Yes I conceed, it's not a great start, but risk reward should always be look at over a longer period. At least a 100 trades for the edge to play out, it wont play out of 10 trades, but it has a chance to over 100 plus. Many good trading system end up in the bin, before they had a chance.
pipsondemand1 1 year ago