Stock market games and simulations allow students a valuable and fun opportunity to learn all about the process of making good investments and begin a good foundation
for sound money management.
School systems have taken steps to teach money management skills to prepare tomorrow's future leaders financially, but,
sound money management still requires experience.
As one chapter of your life closes and another begins to take root, it's a prime opportunity to
instill sound money management — and set yourself up for a lifetime of financial stability.
Ofcourse the whole idea
of sound money management and following it successfuly applies to people who have a solid trading plan with an «edge» in the market.
Price action (combined
with sound money management) is definitely as close as anyone can get to the elusive, so called «holy grail» of forex.
By completing these courses, you are moving toward financial success while demonstrating your commitment to
sound money management.
Sound money management is not always easy when you want to start a family, grow in your career, and still enjoy the money you work so hard for.
I combine this with the pin bar reversals you teach, and
sound money management, and I find myself a much better trader than i was a few weeks ago.
A sound money management system.
Sound money management is closely associated with knowing your risk - reward ratio (again, per trade and per time frame).
This is the prime reason for developing
a sound money management policy, which is a strategy enabling you to maximize your profit potential at minimum risk.