but this is really a challenging task to build a perfect money management , need a long time practice with good knowledge.
the purpose of money and risk management is all about same issue , its all about for avoiding unfortunate risk and losses.
In order to check whether any strategy is workable or not we can test it on a demo account both back testing and forward testing.
any kind of good trading strategy can be useless if there is no perfect money management , so traders should focus on that first of all.
from couple of days i have been using scalping that brings profit in a short time , it sometimes create huge risk but overall profitable, no doubt