Know the importance of money management? Like new year re | Trade key

Know the importance of money management?

Like new year resolution. Everyone make one resolution and decide to follow but only few people actually apply to their real life.
Money management is something similar that most traders pay lip service too, but few practice in real life.

The reason is simple: just like eating healthy and staying fit, money management can seem like an unpleasant activity. 

It forces traders to constantly monitor their positions and to take necessary losses, and few people like to do that. 

Traders can avoid this fate by controlling their risks through stop losses.

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