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A trading system is the constant application of rules that are part of a particular strategy, such as specific entry and exit points or always trading in the direction of the prevailing trend.
Psychology is the work on your emotions that flourish during trading and investments. Learn more about the psychology of trading.
Money management is the part of the strategy that specifies the position size, leverage size, and Stop Loss and Take Profit levels. Good money management is a vital part of long-term trading success.
Consideration of these elements will play a strong role in your ability to maximize profits and minimize losses.
A trading system is the constant application of rules that are part of a particular strategy, such as specific entry and exit points or always trading in the direction of the prevailing trend.
Psychology is the work on your emotions that flourish during trading and investments. Learn more about the psychology of trading.
Money management is the part of the strategy that specifies the position size, leverage size, and Stop Loss and Take Profit levels. Good money management is a vital part of long-term trading success.
Consideration of these elements will play a strong role in your ability to maximize profits and minimize losses.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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