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Money management is the critical point that shows the difference between winners and losers. It has been proven that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds, 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most traders don't understand how important it is. As a Trader evolves, more and more of his trading style is centered around Margin Management and less and less is on finding a trade.
It's important to understand the concept of money management and understand the difference between it and trading decisions. Money management represents the amount of money you are going to put on one trade and the risk you're going to accept for this trade.
We have put together some great articles on this subject. Spend a lot of time here and DON' T BREAK THE RULES!
Click to Access the Money Management Page |
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