How would you feel if your $100,000 portfolio went down to $90,000 in a single day ? How much heat can you handle pal ? Let’s have a look at how you can implement proper risk management in your trading system.
If one thing can be called the holy grail of trading or at least come close to it then its money management. Some people call it diversification while others call it how to wisely invest your hard-earned dollar.In simple words money management is the rule book that tells you how much of your money you should put at risk for a particular trade. We ar writing this post to give you an overall understanding of money management and how to use it for your trading strategies.
How does one determine whether an asset is fundamentally undervalued or overvalued? Gold. It’s the ultimate storehouse of value. Let’s have a look into the present and see if we can construct an indicator and use the gold price to measure the value of any commodity.