The Ultimate M And W Trading Strategy And Risk Management

Types of M Nd W formations
The Perfect M and W Formations
Non Perfect Formations
Risk Management and Money Management
TO TRADE M&W FORMATIONS YOU WILL NEED
1)SUPPORT & RESISTANCE
2)CANDLESTICK PATTERNS
3)HIGHER SECOND TOUCH
You have the strategies,you know how to analyze the market,you know when to buy or sell and when to exit.You also know when to stay away from the market. This is important for you to know as a trader,but you still missing the key which is money management plan. The most important thing traders don't talk about is money management and this is what makes a different between traders. It separates successful traders from losers. If you are trading without a money management plan,you are just wasting your time and money. Nothing is going to work for you,even if you have the most powerful trading system in the world. Most traders spend months and years looking for the right system and they focus on how to enter the market
The risk to reward ratio concept is what will make you a winner in the long run.Before you enter any trade,you have to know how much money you will win if the market goes in your favor,and how much money you will loose if the market goes against you.