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Forex Strategy Trading Deliberations

by Hans Zwakenberg

Forex Strategy Trading deliberations out of neccesity must foremost center around one requirement: capital preservation. Only if a Forex strategy is able to preserve capital, you are going to stay in the game. Only then you stand a chance of acquiring those profits other traders boast about. Stay in the game for more than, say, one year, and you'll have learned so much, that eventual succes is just around the corner.
There is more than one way to skin a cat. The one resource that did more than anything else to keep me in the game are the books written by Van K. Tharp. His writings made me aware of what opportunity, chance and expectancy mean in a trading context. Especially "Trade Your Way To Financial Freedom" struck a chord with me.

Van also tought me, that - as long as position sizing, money management and risk control are in place and working - the timing of a market entry actually becomes less important. To put it more dramatically: if these risk control measures are in place, the system should be able to preserve capital, even with randomly timed entries! Would you have believed that? Grab one of his textbooks, you will not be disappointed!

Read more Forex trading strategy articles:

Developing a Forex trading strategy
New Forex system gives traders the edge
Choosing a Forex trading strategy


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