Introduction to Money Management for Investing and Trading
A good trading system is about much more than just selecting stocks. Certainly that is important as well. However, a good trading system will provide the ability for you to protect against losses, manage your money, add proper leverage when necessary, and also select a stock selection maximizing your reward and minimizing your risk. Whether you are a forex, stock market, day trader or commodity futures trader, Money management is key.
NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance.
Here is the video on Youtube: