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Active Management PDF Print E-mail
Written by Stan Kajzerek   

Active Management - You always add to your winning position, one step at a time and take partial profits as profit targets are reached one step at a time. At a minimum, you take partial profits at all projected Fibonacci levels. Fibonacci levels are the most recognized Forex tools by million of Forex traders. Avoid passive management, or in more practical terms, stop hoping for more, because the Forex market can take it away while you are hoping. Force yourself to collect your profits as per your trading plan.

As a beginner / intermediate forex trader, start with a simple ratio of good decisions versus not so good trading decisions and apply a 15 to 25 pip stop versus 15 to 25 pip profit target as a constant measure of your progress. And make sure that your position sizing is also constant at a minimum of ten trades in a row.

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