Money Management Skills

A trader’s money management skills are the most important tools that can be used to trade in the markets. One will be successful using his/her good risk averse money management skills and even with a mediocre trading approach. However, with a great trading approach and poor money management skills, one will lose money. However, a winner will always find a way to win with a losing trading system and a loser finds a way to lose with a winning trading system.