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Foundations of Technical Analysis: Managing Risk

Foundations of Technical Analysis: Managing Risk

See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings.

In this bi-weekly webinars series on the Foundations of Technical Analysis, we discuss how a subtle shift in how we approach managing risk (specifically stop placement) can increase our performance. Focusing more on the technical levels that matter, rather than an arbitrary stop, can help you become more disciplined with your entries.

Instead of identifying your target and then placing an objective stop that fulfills your risk/reward parameters – You should first identify where your stop NEEDS to be- and THEN ascertain whether your target will allow you to preserve the desired risk/reward on a given setup. If it does not, then you simply must wait for the market to offer a better entry.

New to Forex? Get started with this Free Beginners Guide

Always remember that capital preservation is paramount and at the end of the day, it’s the traders that understand this notion that succeed in the long-run. Sometimes it’s not how big your gains are, but how small your losses are that make the biggest impact on your overall performance- always be on the defensive. Join us for the next Foundations of Technical Analysis Q&A webinar- Click here to register free!

Foundation of Technical Analysis Series

- Part 1: Introduction to Basic Trendline Analysis

- Part 2: Introduction to Basic Pitchfork / Median-line Analysis

- Part 3: Introduction to Multi-Time Frame Analysis

- Webinar- Foundations of Technical Analysis: Trendline & Slope Analysis

- Webinar- Foundations of Technical Analysis: Identifying Confluences & Opening Ranges

- Webinar- Foundations of Technical Analysis: Fibonacci & RSI

Want more information on technical analysis and trading strategies? Check out our Free DailyFX Trading Guides!

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at or Click Here to be added to his email distribution list.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.