Trading Tips
The most important things you need to know about any trade you ever do are:
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Your maximum risk on the trade
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Your maximum reward on the trade
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Your breakeven point(s)
The Strategy Analyzers give you these crucial figures in both nominal and actual formats for over 60 different strategies.
In addition, you also should know in advance:
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The maximum loss you will accept and when to get out of a loss making trade
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When to take your profits
These are crucial money management criteria, which you must determine in your own mind before you start trading. There are wide parameters concerning money management techniques and much
depends on your own appetite and respect for risk. Just keep in mind that it is generally a good thing to cut your losses short and to let your profits run.