TiffanyK posted: If you have a really good strategy - you would already include the stop loss and take profit facilities. 90% of those actual good strategies include those components. Again I think that money management is important, but consider the trading strategy to be the starting priority.
It doesn't matter what the strategy is, if you aren't using effective Risk Management then you are putting your investments at risk.
Risk Management should ALWAYS be the highest priority.
If you want to make money from this market, you need to have proper knowledge about money management. If you can not manage your money properly, it will be quite tough to make a profit from the market.
Trading is a market of possibilities. And if you want to make a profit in the market of possibilities, you must follow money management. Only money management can get you to the brink of success. Money management maintains discipline in trading and helps keep investments safe.
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