in Ad Promotion New traders also tend to focus on their entry points when ironically; your entry is probably the least important element of trading. Although your entry is important, there are numerous methodologies to choose from to enter a trade. What is more important is your exit, and your money management (which includes your risk reward setup). Probably one of the most overlooked aspects of trading by newbie traders is the element of money management – which is absolutely key to being a successful trader (in the long term). While anybody can make money off of one or two trades, this is not trading – it is called gambling. Trading takes a long-term approach and takes advantage of a market edge and the law of probability.
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