This article was originally featured in Daryl Guppy's 'Tutorials in Applied Technical Analysis', voted no 1 trading newsletter in Australia by Shares magazine & no 4 in the world by US Stocks & Commodities magazine and is reprinted here with Daryl's permission.

In addition to developing sound technical analysis skills, strong trading psychology coupled with well thought-out money and risk management are also vital key secrets for success when trading or investing in the market.

From real life experience and lessons in portfolio management learnt the very hard way, John Atkinson originally designed his series of three Money and Risk Management spreadsheets to help his own trading. Through the help of programmers Stephen Parsons and Peter Tamsett, he recently added several user friendly macros and has now made them available as simple to use and very affordable tools to help traders and investors plan and manage their portfolios.

They are designed to assist in the planning and developing of profitable portfolio growth, by putting structured money & risk management control in place and as a means of keeping simple and accurate records.

Many investors and traders spend less time planning the risk of individual trades and their overall portfolio for their wealth creation than they do planning their grocery shopping. Many do not plan, accurately track or review their progress at all.

Some think that spreading or