Risk Management V/s Money Management

Beginner Questions
1

Hello every one.
plz give ur opinion about what is the diffrence between Risk management and Money management?

2

Risk management is something you do on an individual trade using stoplosses and position sizes.

Money management is the overall plan that keeps your from losing your money. It paints a broader picture… encompassing your whole trading strategy and not just one trade.

3

thanks a lot phil for giving ur expensive time:)