Regardless of how strong a trading system you have, if you do not apply good money management controls, you will find yourself in trouble.Dustin Pass, one of the foremost experts on Forex trading says, “An individual trading with proper money management skills will do better in a mediocre trading system than a person trading an excellent system who lacks money management skills.” In his ebook, Guide to Forex Live-on-the-News Trading, Pass lists five essential components to an effective money management program