Money management is the most important but most ignored thing in forex trading. Most traders do not follow any money management rule. That's why success rate in trading is very low.
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Of course, you can never think of successful trading without money management. If money management cannot maintain it properly, it is very difficult to sustain the investment.Yes. Money management is very important. Without proper money management, it is quite tough to make a profit from this risky market.
Actually risk percentage depends on many factors. How much you can tolerate is a factor. It also associated with your winning ratio. A trading strategy is a combination of all factors according to your skills, capital, risk tolerance power. You have to make a system so that you can survive in the market and make profit.Trading plan and risk management strategy are crucial to be successful in the trading market.