I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is what are your best strategies of forex trading.
Yes, money management is the key when you want to succeed in any kind of job, business or even career. If you master that kind of stuff then congrats because your future is clear and you don't need to worry about having financial problems since you already know how to manage your money. In terms of strategies in forex trading or any kind of trading, It also includes money management because when i earn profit i save the minor percentage of it for my future needs or wants. I also do short term and long term trading at the same time. On short term trading that is where i trade altcoins and long term trading is that where i trade bitcoins.