In this second part of Money Management, we shall cover the concept of position sizing and the ideal capital exposure in trading. Let us take a quick recap of the first part and the topics we covered therein. Money management is the most crucial aspect of trading, which ironically, is ignored by most traders. The statistics say that approximately 85% of traders lose money in forex trading and in my opinion, the ultimate cause of failure is the lack of awareness of the 3Ms which are ‘Money, Mind and Method’ … in that order.

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