Right! Money management refers to dividing the trading capital in different trades sustainably so that even if the trader loses one trade it doesn't impact his overall gains. Whereas, risk management refers to using tools and techniques that help in mitigating the involved risks.
Best strategy for a new person.
- Thread starter tedmos38
- Start date
- Trend trading, Range trading, Breakout trading, Reversal trading, Gap trading, Momentum trading . A newbie can go with any one of these strategies .
I believe that different strategies work differently for different people. One must figure it out on their own.
each person has a different trading style so they will have a strategy that works best for them but may not be necessary for others.
Absolutely right, not all strategies work for everyone. One must experiment and try to identify strategies for oneself.
What is the difference between a strategy and a setup?
A person's best trading strategy comes from their own experience over time, so it just requires self-analysis and practice. Also, one should have good knowledge, as it is wisely said by someone- ‘Risk comes from not knowing what you’re doing’.
according to me there is no best trading strategy , its all about for very short time , nothing without it.
What determines when you buy or sell to enter a trade?