Lesson 1: Foundations of Money Management

Lesson Overview
Money management determines how long a trader can survive and succeed in the markets.

What Is Money Management
Capital preservation principles
Risk vs reward balance

Why Traders Lose Money
Overrisking trades
Lack of discipline
Emotional decision-making

The Role of Probability
Win rate vs risk-reward ratio
Expectancy in trading

Key Takeaway
Good money management matters more than having the perfect strategy.