I don't think one can pick and choose - if you're not good at either one you'll have problems in the long run.
Both are equally important to my mind. First We should learn how to properly analyze the instruments which we want to trade in order to determine the most probable future direction and then we also should start to understand and apply proper money management and risk ratio. Because even the most successful analysis method will lead to loss of money if it´s not combined with an appropriate money management.
Both ...
Definitely both. If you don’t understand the trend sooner or later you will lose. You can’t count on the Luck.
If you don’t operate the funds right you will lose.
If you don’t operate the funds right you will lose.
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My question to the most experience trader what you think about that?