- 15 Aug 2023, 16:28
#1722
It's important to draw a clear comparison between money management and risk management in the financial market, especially in forex trading, which is highly competitive and risky. To succeed in foreign currency trading, it's crucial to have proper money management skills and a clear understanding of the sources and uses of our funds to achieve our trading goals. Risk management also helps safeguard our wealth by mitigating the risk of losing money. Money and risk management are equally important for success in forex trading.