Trader Psychology and Risk and Money Management (RAMM)
Now that you know some foreign exchange (forex) basics and technical analysis (TA), you have the background needed to understand the real foundation of successful trading and investing: proper trader psychology and risk and money management (RAMM). No matter how skilled and compelling your analysis, it will often be wrong. Worse, you'll endure losing streaks that can irreparably damage your account balance and confidence unless you've got the right preparation.
Welcome to that preparation. This chapter covers these core nonanalytical aspects of trading:
In this chapter, we'll review the key elements of proper mindset and RAMM because they are intimately related.
RAMM: PRESERVING CAPITAL IS YOUR TOP PRIORITYWarren ...