This technician applies similar techniques to his trading system results. When asked what the key to long-term trading success is, successful traders always reply that money management is foremost. It does, but there's a flaw in this reasoning. Information on money management, what it is and how to use it can be hard to come by.
Few traders understand or use money management techniques.
The average trader feels that a successful system can make them wealthy without their understanding or using money management. Here are several techniques that you can use to get a better understanding of money management. The same techniques that a trader uses to analyze the markets can also be used to analyze trading. Let us analyze four money management charts to determine how well your trading is faring. 5 year subscription to Working Money.