Money management is basically a defensive strategy for preserving capital in trading.

In the financial markets, you can't win without strict money management. To manage your risk well, you need to know how to place your stop

[{"selector":"#anim-f1921809-a3db-4982-98bf-e81097ac94c4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.46153836670322%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f75d641d-659d-4e03-89b4-8369dcd733ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ae62f5e-3052-4f5d-8d48-e064322d4444","keyframes":{"transform":["translate3d(-106.92521%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

To manage your risk well, you need to know how to place your stop losses, and carefully calculate your Risk to Reward ratio.

[{"selector":"#anim-592aa41a-611b-44c9-a005-9c643a32ee27 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.264975924655257%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a83a0e93-437c-4219-b0ed-5d2edb65c81c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fab5a721-c7c9-44e2-9477-27463bde8a63","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

You can trade stress-free with money management.

[{"selector":"#anim-e78f5ce7-91a4-4f93-a20e-227a802aa4f1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(47.49662176194296%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7d471730-c4d4-491b-9b87-459fd547826d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f354f7a3-75b5-40ca-b604-005d59a27eef","keyframes":{"transform":["translate3d(-114.72393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Never invest more than you can afford to lose.

[{"selector":"#anim-6adaa697-897f-4738-aaa7-809030abd46c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-15b1981e-ca19-43e2-81c0-47f7e38d08cd","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-89513fdd-cde3-45b9-a247-a21f5b272f4d","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-67b999cb-12bd-47e6-ac2d-ed565e79130a","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-bc2b7030-83d4-44b4-a613-65a0525a0d03","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Make sure you set your stop loss and take profit orders.

[{"selector":"#anim-5c512054-4d31-47e2-8ed5-b9f1634315b8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ccadaea9-773d-4520-b378-acc89e64fc53","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c1bde54a-8d56-4847-a356-d6b0cb353d78","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

When you hit your target profit, close the trade and enjoy the profit.

[{"selector":"#anim-fab7ca22-90d4-4958-b528-f82e89bc7960 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-945b967b-ee0c-4833-8a9f-728622b39f61","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f724cce6-d455-4d7e-a448-a56beddb5e6f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

To know more about trading

[{"selector":"#anim-f4c91e7a-324d-474c-88ef-3da81829d07d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(24.507248685954554%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-978554b5-f0eb-48e4-a4bc-cbe80ce3b606","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-72042d15-aa9e-4592-90a2-3672a36b8847","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-83878ecf-b9f3-495e-9e5d-51a9346da11e","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e320f79e-b403-4585-bb38-4fda6c8a878f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]