Forex Money Management

The main idea of the whole trading process is to survive! Survival is the first task, after which comes making the money.

above sentences are very meaningful. i got it from internet

However,sometimes greed surpasses logical thinking. not many of us can control our greed,including myself. Last time i suffered losses due to greed when using forex transporter

Survive first then only think about

EUR/GBP drops

I didn't put stoploss to the trade I opened but I will monitor the loss closely. Once i noticed the trend is opposite my opened trade, I will close the order manually to avoid any further losses.

I saw EUR/GBP is continuously dropping thus I closed my Buy trade on EUR/GBP






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