FX MoneyMap - Controlling Risk

Controlling risk

















FX MoneyMap takes the risk out of the market. In other words, the software gives wins that exceed losses to give the trader a profitable edge.
The foreign currency market is a complex adaptive system. Like all chaotic systems, it self-organises spontaneously. It is never obvious just when this is going to happen.

The dynamic fibonacci Grid generates self-organisation alerts. The FX trader has to have a laser-like focus, has to be ready to identify Grid patterns that warn of impending self-organisation.
Being distracted, or worst still not being at your trading desk, leads to missed chances. Opportunities only appear for short periods of time. Timing is all in FX trading.
The main risks therefore lie with the trader. A lack of concentration is an obvious one.
Indecision is another: Not being able to press the button is common. We call this 'cold finger'. It is often seen in novice traders but usually, with time, the ability to enter trades becomes an almost subconscious action.
A bigger problem is living with positions that go against you initially. Most winning trades look like your last losing trade at some point. I will post more to this web site about knowing when you are wrong. Building mental strength in this way can make you a stellar performer.

Morty Sill
London