Today there are still many who ask about the importance of having a plan, especially those related to personal finance. Not a few who doubt the importance of having this plan, but more have realized and started thinking or even starting a process in designing money management.

In the world of trading, money management means the ability to manage finances or manage funds in a trading account. This includes many things, such as how much to lose in each trading position, how we know how much risk we face when trading, what our profit target is, and how many maximum trading positions we will open at one time.

Not only for beginners, even professional traders still use good money management methods when they trade. In trading can indeed provide profits, but not always our position will be profitable because all can experience loss or risk when trading.