Poor money management is the reason why many traders end up losing even when they have access to a system with very good accuracy. In this video we talk about the importance of money management to success in trading, how to calculate the right position size, importance of risking the same percentage of capital on every trade, and then we look at some real Elliott wave chart examples of DAX & TASI on how to work out the $ amount in risk and position size in each trade.
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