It is impossible to talk about technical analysis in financial markets without the topics of support and resistance coming up. It is the equivalent of trying to explain soccer without mentioning passing. Using support and resistance in trading is arguably the most widespread factor used in the strategies and approaches of traders.
MONEY. MONEY. MONEY. That’s the game we play. Money Management is a crucial part of a trading system. Often this part of a system is over-looked and ignored but Money Management alone can be the pivot of a trader’s career from unprofitable to profitable.