I often see websites and posts writing about trading systems as in where to enter and exit.
However, I rarely see anything about risk and money management.
I read how some traders have three figure % returns, but what about the risk? Do you have one year of huge returns and one year of huge negative returns?
Basicly, the whole thing sounds "too good to be true".
What about conflict of interest with Market Makers. I am paper trading with Alpari (UK), they have introduced a fifth decimal place. (I paper trade AUDUSD and GBPUSD) I checked 2 major banks, they are still quoting to four decimal places, along with Yahoo and Google Finance.
Does anyone trade in an actual market? Derivatives or underlying, not with a Market Maker? (bucket shop?)
However, I rarely see anything about risk and money management.
I read how some traders have three figure % returns, but what about the risk? Do you have one year of huge returns and one year of huge negative returns?
Basicly, the whole thing sounds "too good to be true".
What about conflict of interest with Market Makers. I am paper trading with Alpari (UK), they have introduced a fifth decimal place. (I paper trade AUDUSD and GBPUSD) I checked 2 major banks, they are still quoting to four decimal places, along with Yahoo and Google Finance.
Does anyone trade in an actual market? Derivatives or underlying, not with a Market Maker? (bucket shop?)