Forex Trading Tips and Tricks - Trade Management

(This is a mini-series of Forex Trading tips and tricks by Eric Lye in his Forex Trading Blog.  Our objective is to help traders learn how to trade Forex properly, be educated and excel in their career)

When I talked to some of my traders now, I can clearly distinguish two types of traders. One that is still learning how to trade, the other already know how to trade.


For the traders that already know how to trade, we rarely talked about how to get into entry, price, timing, whatsoever.  It's all questions revolving how to manage this trade.


This is a reason why we never blindly follow any system.  This is because trade management is the real key to profitability.