Statistics prove that more than 80% of traders are not making money from forex trading. So what can you do to ensure you are part of the rare band of profitable forex players?
Ask any pro trader and they'll cite money management as one of the main, if not the key, factors in separating the winners from the losers. So many of that 80% disregard these crucial techniques it would be laughable if it wasn't so sad.
I have been trading for over 10 years and having coached a large number of traders, I have seen that the ultimate cause of failure is the lack of awareness of the 3M’s of ‘Money, Mind and Method&rsquo.
If we distribute the 3M’s on a scale of 10, then:

• Money – ‘money management’ would constitute five parts.
• Mind – ‘discipline and patience’ would constitute three parts.
• Method – ‘technical analysis’ would constitute two parts.

This tells us that the Method — the technical analysis (or fundamental analysis) is the least important part of trading.
But let’s be fair here. It really is not the trader’s fault, since most of the information available says otherwise.
If you purchase a course or a book, they all talk about technical indicators, chart patterns etc., but rarely will you come across a book or course which tells you to concentrate on the Money and Mind.
Most new traders will purchase a book, open the charts, look at the indicators, and buy/sell based on the crossover of the indicator lines or moving averages etc.
What about money management? What about the discipline and patience to prepare a trade plan and follow it? Zilch! Is it surprising that these traders lose money?
As traders we are all here to make money from the markets. But what should be the first priority of the trader?
The first priority of a trader is to conserve the capital. The trader’s capital is his bloodline. Without it, one cannot trade, so preserving it becomes a matter of utmost importance.
Without implementation of proper loss control techniques, a sudden large drawdown can shrink an account to such an extent that the possibility of attaining profitability becomes remote.
A single loss is not only a loss of capital; it also puts a trader two steps behind in the quest to profitability.
This is because the percent gain needed to recover from a loss increases geometrically with every loss.
Table 1 illustrates the concept, and ultimately the importance of controlling the loss of capital.

Therefore a trader must have a money management policy. A money management policy is nothing more than a set of techniques that help a trader minimise the risk of loss, while still enabling him/ her to participate in major price gains. It is probably the most critical aspect of trading and the most overlooked.
A sound money management policy becomes an absolute must in the forex markets, due to the availability of high leverage.
As the popular saying goes “take care of your losses, and the profits will come by itself”.
I want to put down certain facts and some simple rules of money management which would help the trader achieve the desired success.

1. Expect losing trades

It is only natural that when we take a trade, we tend to focus on potential profits than dwell on possible losses. We are usually so convinced that the trade will be profitable, that we tend to ignore the possible losses that would occur should the trade go wrong. One must accept that losses in trading are inevitable, and a successful trader is one who manages and controls these losses.

2. Placing stops

Trading without stops is akin to walking a tightrope without a safety net. As far as possible, one must have stops in the market since this is the only way to control the losses. While this becomes a ‘double edged sword’ since a trader may get stopped out of a trade for no reason, it is still the best ‘safety net’.

3. Stop loss levels

The most important rule is that the stops should never be mere ‘dollar value’ stops, but technically correct stops. Which simply means that one cannot decide on the stop level based on his/her personal risk level. A trader cannot say, “I am going to risk only $50 for the trade.”
The market does not care about your comfort levels; it respects the technical levels. Hence a stop must be at a technical level, regardless of how far it is away from the entry. If one does not follow this simple rule, the ‘comfortable’ dollar values stop would probably get stopped out more often, which defeats the very purpose of placing a stop.

4. Trading is a business of probabilities

You are in control only until the moment of the entry. Once you are filled in the trade, the market will dictate where the price will go. You cannot control this, just like you cannot control with 100% certainty, the amount of profit (or loss).
But what you can control is minimising your losses and protecting gains through a well-defined money management strategy.
A sound money management policy is based on two simple concepts: the proper risk-to-reward ratio, and correct position sizing, where the ‘position sizing’ simply means the amount of capital that a trader should risk on any trade. In this article, we will have a detailed look at the first principle.

5. Risk-to-reward ratio

One must always keep the RR ratio at a minimum of (1:2).
Let us use simple mathematics to understand the concept of the RR ratios.
First and foremost, one must accept that losses are a part of trading and one will have losing trades.
Let’s assume that a trader has a win-loss ratio of 60%.This means that out of every 10 trades taken, a trader would get six winning trades and four losing trades.

The only way to achieve gains in the account is by maintaining the required RR ratio.
Hence, if a trader is maintaining an average stop loss level of 25 pips, then the expected profits from the trade must be at least 50 pips.
Scenario 1: The trader has four losing trades @ 25 pips = (-) 100 pips. The trader has six winning trades @ 50 pips = (+) 300 pips. Net result after 10 trades = (+) 200 pips.
Hence a trader can achieve gains in the account, even after getting four losing trades out of 10.
Scenario 2: Now change the RR ratio to (1:1) and the net result comes to (+) 50 pips, which drastically reduces the gains in the account.
Scenario 3: Now reduce the RR ratio to less than (1:1), say (0.50:1) which is what scalpers tend to do – look for a profit of 10 pips and keep a safe stop of 20 pips.
The net result comes to minus-20 pips. To be honest, if I do not get sizable gains in my account after  10 trades, I am simply wasting my time. To achieve a worthwhile increase in the capital (after spending the time and effort) one must maintain the correct RR ratio. Unfortunately this simple fact is ignored by most traders.
Let us have a look at a trade example, which was taken and managed by incorporating the above mentioned aspects. I have taken a trade example of a harmonic pattern, for the simple reason that these patterns give excellent risk-to-reward ratios.
Figure 1 was a live trade taken in our ‘trading room’ of a bearish Gartley pattern on the daily time frame on EUR/USD.
As seen in the chart (Figure 1), once the pattern confirmed with the formation of point D, we determined the precise entry, stop and exit levels.
• Stop was placed above point D.
• Expected price target was the Fibonacci projection ratio 127.2%.
• The entry is a very crucial factor and was decided on a combination of three different factors.
As one can see in the chart, these parameters gave a fantastic RR ratio of (1:4).
Not only does this give a highly profitable trade, it also enables the trader to take profits in between, thus locking in the profits as the trade progresses.
There are two reasons for mentioning this trade: 1. We can draw a simple conclusion that as traders we must look for techniques/strategies which assure the minimum RR ratio. 2. This trade will be used to explain the concept of ‘position sizing’ in the next article.

by Sunil Mangwani

 Sunil Mangwani has been trading and consulting in the forex market for the last 10 years and specialises in trading with price action and Fibonacci ratios. Sunil has contributed to numerous financial publications, spoken at trading conference around the world and conducts specialised workshops on technical analysis. He is also the founder of “London School of Financial Trading”. For more information, visit www.fibforex123.com

Forex is a scary word you know what 95% of the people went to this business were failed and broke LOL..no wonder a lot of people getting scare, yeah it's true especially for the beginner trader without a system without a control money management do knot knowing the market habits etc.

My friend came to me he asked to learn Forex I said to Him "Don't go to this business do your own remember, everything is not for everyone, your wife is not for everyone, lol..forex also forex is not for everyone not all the people become a doctor or an enginer just do your own job seriously". It's not an easy thing like take a candy from the baby Nope !!!!! no one come instantly. 1-2 years is not enough.

Be informed that 9 out of 10 forex investors lose their money in forex trading. If your intention is to get rich with forex trading, the secret lies in being that single one, out of the ten, who did not lose his capital quickly. And by constantly not losing your money in currency trading, you can build up your equity slowly, and pretty soon you should get rich with forex trading.

Understand everything you can about forex trading. Search online for information about forex, forex trading, forex investments, forex signals, trading strategies, forex brokers, managed forex accounts, forex trading platforms, forex automatic trading and the various forums. Comprehend all things that you can and try to absorb them.

Not all thing you have read is true. After absorbing what you have searched online, learn to analyze and discern which are facts and which are just hard-sell stuff to offer you a product. Analyze which are the things that you can actually check as truth and which ones are just out there to market forex.

Today, we’re gonna talk about the question of the century ! Can you get rich trading the forex ? Because we have to retain that the purpose of trading is making money on the long run… I see people who say “Oh my god you’re always thinking about money !”. I asnwer that trading the currency market without thinking about money is a hard challenge… Isnt it ? And in the end the goal of everybody out there is to make money…

But here’s a first little tip… If you want to trade correctly the forex and be profitable on the long run you must stop thinking dollars or euro and have to think points ! Do that and trust me it will help… Anyway, we’re not gonna talk about that this time…

Let’s focus on the main topic… Is it possible to get rich on the forex ? My answer is simple : yes but it will take some time except if you’ve got a $30,000 starting capital ! Once again, everything’s based on money management… Money management is the key. If you follow your money management plan, you’ll make money.

Of course you can’t get rich in one or two years with a $1000 starting account… It’s not possible. But it doesn’t mean that you can’t get get rich with a $1000 starting capital. It will only take more time.

Most of the forex scams out there are proposing some unbelievable plan which will let you able to make $1,000,000 in one year startint with a $500 account. That’s untrue. Come on let’s be serious, if it was possible, everybody will be richer than Bill Gates (which by the way became again the richest man on earth !).

You can easily make around $5000 on your first year with a $1000 starting capital, that’s what I did and trust me if I did that, everybody can ! You’ll make money on the long run with a great forex method because each time your capital grows, you can increase your lots and then make even more money.

So the answer is yes ! By working, following your money management plan and having a great forex method, you’ll be able to make serious money on the forex market !

Try out a demo account. There are various forex brokers that you can find on the internet. And many of them let you try demo trading accounts at no cost to the user. Choose one broker that you can trust (of course, you can do this also by researching) and open a demo account. Initially trade with demo money so that you can have a feel of how it is to trade forex without risking your real, hard-earned cash. You can now also utilize all the materials that you have learned in your forex research.

Improve your trading strategy. While demo trading, begin developing the strategy which would fit your trading character and investment goals. Since it is just a demo account that you are using, be bold in trying out new systems. Try different strategies, or combination of systems. See which ones will provide the maximum profits while minimizing risks.

Ask for assistance from professionals and specialists. You can post you trading strategy on various forex forums so that other forex experts can help you improve your strategy. Ask the views of others who have had more experience in forex trading. You may also employ the help of providers of free forex signals to help you with your decisions. And also, you may consider managed accounts where forex experts handle your trading account for you if doing it on your own proved to be disastrous. Just choose forex managers which fit your trading personality and investment goals.

Register a small real, live account. Since you have now prepared yourself thoroughly, you are now ready to take the dip. Register a real, live forex account with the forex broker that you find most trustworthy. Deposit a small amount that you can afford to invest and lose if things do not turn out okay for you. But you must also take into consideration the type of trading strategy that you employ when deciding the starting amount of your equity. It must be adequate to hold the kind of trading that you would be applying.

Do not be greedy. Place a limit on your exposures per trade that you make. Set limits on how much losses you can afford in any given week. Always work the numbers. Always evaluate based on percentages of your capital. Be pleased with small amounts since you are just starting out with a small account. Remember that in the beginning, what is more important is that you learn the value of discipline by sticking to your trading plans. And a strict capital management would make sure that you would last in this very dangerous investment option. By avoiding being among 9 of the 10 losers in currency trading, you can slowly build confidence and proficiency to maintain being a winner in forex trading. Build you equity gradually. In this manner you can compound your earnings and start increasing your capital. This is the slow approach of how to get rich with forex. This is the sure way of how to get rich with forex.

Don’t forget to trade safely !

Jika Forex sebuah bisnis, maka money management merupakan factor yang menentukan apakah bisnis yang akan anda jalani adalah bisnis kelas “warung” atau bisnis “professional” yang juga dijalankan oleh seorang professional. Jangan bertrading forex dengan model pemilik warung kelontong, tapi jalankan dengan model sebuah supermarket. Dan factor penentu hal ini dalam forex adalah apa yang disebut dengan money management ini. Tanpa money management, mungkin anda akan mendapatkan keuntungan dalam jangka pendek, namun tidak dalam jangka panjang.

Money management dalam forex kurang lebih adalah sekumpulan rule yang terintegrasi dalam sebuah trading system mengenai bagaimana anda mengontrol keuangan anda selama bertrading. Tentu saja hal ini mutlak anda miliki. Praktisnya, money management menyangkut hal-hal berikut ini.

1. Initial Margin dan Margin Added (bila ada)
2. Besar resiko pertransaksi yang tersedia anda tanggung.
3. Maximum Drawdown.
4. Risk to Reward Ratio

1. Initial Margin & Margin Added

Initial Margin adalah modal awal yang hendak anda setorkan pada pialang atau broker untuk bertrading, sedangkan margin added adalah modal tambahan yang mungkin anda tambahkan untuk anda bertrading/mempertahankan posisi yang terfloating bila ada di kemudian hari. Dengan dana yang cukup, anda memiliki sedikit kebebasan untuk melakukan maneuver-manuver dalam trading anda dan mengurangi beban psikologis karena terbatasnya modal.

Perihal margin added, beberapa orang lebih menyukai untuk menyetorkan initial margin mereka dengan jumlah secukupnya dengan alasan bahwa jika di kemudian hari account mereka terancam margin call maka mereka dapat menambahkan dana (injection) guna menahannya. Ya boleh-boleh saja. Hanya dalam hal ini beberapa factor yang perlu anda perhatikan.

Waktu antara penyetoran hingga dana efektif masuk ke account anda biasanya 1 hingga 2 hari. Pertimbangkan dengan masak jangan sampai margin call terjadi dalam 2 hari ke depan. Jadi, lakukan injection jauh-jauh hari untuk amannya.

Bagi yang gemar injection, anda harus tahu sampai batas mana anda hendak berhenti melakukan injection. Ini untuk mencegah terjadinya kerugian yang tak terkendali. Pertimbangkan juga biaya transfer antarbank luar negeri yang besarnya kadang bisa mencapai 30 dollar. Ya lumayanlah biayanya.

Apakah setidaknya kemungkinan profit dapat tercapai apabila anda melakukan injection?


2. Besarnya Resiko per Trade yang bersedia anda tanggung

Resiko pertrade artinya apabila sekali anda membuka posisi, berapa besar batasan loss yang mau anda tanggung jika seandainya posisi kita berlawanan dengan market? Kelak hal ini akan berkaitan dengan bagaimana anda membangun sebuah trading system. Kendala yang dihadapi pemula adalah seringkali tidak bersedia mengatakan bahwa kita keliru dan menutup posisi kita yang loss (cut loss). Maksud dari poin ini adalah stop loss itu penting. Dan itu merupakan bagian dari money management. Tanpa itu, maka trading kita seperti sebuah kendaraan tanpa rem.


3. Maximum Drawdown

Yang dimaksud dengan maximum maximum drawdown adalah berapa besarnya loss berturut-turut yang mungkin terjadi dalam trading anda. Mari kita mulai dengan sebuah perumpamaan: katakanlah kita memiliki sebuah trading system yang mampu memberikan akurasi profit 70% dalam tiap bulannya. Artinya yang kita miliki adalah 70% dan sisanya 30% lainnya adalah loss. Atau dalam 100 kali transaksi maka 70 kali posisi yang kita buka adalah untung dan 30 lainnya rugi. Lumayan bagus bukan?

Tetapi itu saja tidak cukup. Money management menentukan di sini. Bagaimana apabila kita mengalami loss yang 30 kali itu secara berturut-turut? Jadi, dari trade pertama hingga trade ke-30 kita mengalami loss da barulah trade ke-31 hingga ke-100 profit kita peroleh. Nah, masalahnya apakah dana yang tersisa setelah trade ke-30 masih mencukupi untuk bertransaksi di trade ke-31 dan seterusnya? Inilah yang dimaksud dengan drawdown. Berapa besarnya drawdown maksimun yang mungkin terjadi? Jadi, bagaimana solusinya? Solusinya ada beberapa cara, yaitu:

Solusi 1 : Memperbaiki system trading anda sehingga tidak lagi menjadi 70:30, misalnya menjadi 90:10.
Kelihatannya memang sangat baik bukan? Tapi ini jelas tidak mudah. Memiliki system yang mampu memprediksi 90% pergerakan harga dengan akurat tentu membutuhkan waktu yang tidak singkat kalau tidak mau kita katakana bertahun-tahun. Ya ini memang solusi teoritis terbaiknya namun secara realistis ini sulit.

Solusi 2 : Memperbesar modal.
Hal ini masih lebih mungkin dibandingkan dengan solusi pertama tadi. Dengan memperbesar modal maka kita memiliki buffer yang lebih besar untuk menahan loss agregat tadi. Tentu saja jumlah lot yang terbuka harus tetap dan tidak boleh bertambah dalam tiap kali transaksi. Namun kendala di sini adalah apabila dana yang kita miliki terbatas. Dalam keadaan ini kita harus kembali ke solusi pertama atau solusi ketiga di bawah ini.

Solusi 3 : Memperkecil loss per transaksi
Nah, ini solusi sederhana dan rasanya lebih dapat diterima. Maksudnya apabila tadinya kita menggunakan katakanlah 10% dari dana kita untuk bertransaksi, yaitu untuk menentukan besarnya Stop Loss maka kita perlu menguranginya menjadi misalnya 5%. Begini maksudnya, apabila anda menggunakan 10% dengan modal 1000 itu artinya Stop Loss anda besarnya 100 poin (1000 x 10% = 100) sedangkan apabila menggunakan 5%, maka Stop Loss anda besarnya 50 poin.

Mari kita lihat contoh kasus berikut ini. katakanlah kita menggunakan modal sebesar $1000 dan hanya membuka posisi sebanyak 1 lot setiap transaksinya. Mari kita lihat bagaimana perbandingannya apabila kita mengalami drawdown sebanyak 30 kali.?

Perhatikan bahwa pada drawdown ke 30, dana yang tersisa dengan menggunakan 10% dari total modal, maka tersisa hanya sebesar 47$. Sedangkan dengan menggunakan 5% tersisa 226$. Berbeda lima kali lipat! Dengan sisa dana $47, apa yang bisa kita lakukan? Bahkan untuk membeli AUDUSD sebanyak 1 lot pun tidak bisa. Hanya injection yang bisa. Tapi, kabar baiknya anda masih bisa trading di broker yang kita rekomendasikan.

Dengan demikian maka kesimpulannya semakin kecil persentase modal yang digunakan semakin aman trading kita jadinya. Namun tentu saja ada kendala-kendala yang perlu anda lalui untuk dapat mencapai persentase kecil seperti itu. Diantaranya sanggupkah anda bertrading dengan Stop Loss yang lebih sempit dari biasanya? Nah, ini perlu dipertimbangkan lagi. Lalu berapa persentase terbaik?

Beberapa trader professional mengatakan besaran terbaik adalah di bawah 2%! Jadi, 5% masih terlalu besas sesunggunya. Dengan 2% apabila anda memiliki modal sebesar $1000, maka Stop Loss anda bergeser menjadi 20 poin saja. Sangat kecil bagi seorang swing trader. Tapi itu, adalah persentase yang benar. Artinya bila anda hendak bermain swing maka gunakan dana yang lebih besar. Ingat, modal tidak bisa dibohongi.


4. Risk to Reward Ratio

Risk to reward ratio merupakan perbandingan antara resiko yang anda ambil dengan keuntungan yang diperoleh setiap kali membuka posisi. Dalam prakteknya nanti ini akan diterjemahkan berapa point besar Stop Loss dan Limit yang anda gunakan setiap kali posisi diambil. Para trader pemula acap kali menentukan besarnya limit mereka, namun sama sekali tidak menggunakan Stop Loss. Alasannya kalau menggunakan Stop Loss dan targer profit, lebih seringnya Stop Loss-nya yang tersentuh sehingga sering rugi. Jadi, akhirnya kebanyakan pemula bertrading dengan menggunakan target profit namun melupakan Stop Loss mereka.

Namun, dari sisi risk to reward ratio, hal ini benar-benar membahayakan sang trader sendiri. Katakanlah target profit yang diambilnya adalah sebanyak 30 poin. Dengan tidak memasang Stop Loss maka perbandingan keuntungan dan resiko menjadi 30: ~ alias 30 berbanding tak terhingga. Ini dikarenakan apabila resiko benar-benar terealisasi maka itu artinya seluruh dana anda habis dikarenakan batasan resiko itu sendiri adalah margin call.

Dengan demikian adalah penting untuk mengatur Risk to Reward Ratio anda dengan benar. Jadi, lupakan bertrading tanpa adanya Stop Loss! Jika dalam trading anda Stop Loss anda acap kali tersentuh, maka mungkin memang anda perlu mengatur ulang system trading dan penentuan Stop Loss serta limit anda. Intinya, jangan salahkan keberadaan Stop Loss apabila posisi anda terlikuidasi karenanya. Keberadaan Stop Loss disini adalah untuk membatasi kerugian anda dan bukan untuk membangkrutkan anda.

A
lot of experts or senior trader always say "Money Management", and most the system creator say "control the Money Management to use their system" don't trade over than 3% etc. So this is the key..????
Here is an article By: Hillel Fuld about how's important money management

The foreign exchange market is unique in many ways. It is the largest market in the world with close to 3 trillion dollars daily. It is quite possibly the least regulated market as well, with anybody able to open a Forex position from the comfort of their own home or even on their mobile phone. It also enables individuals with very little capital to trade tremendous sums of money with the high leverage offered in the Forex market.

Another highly unique characteristic of Forex trading is that there is money to be made irrelevant of the state of the market. How is that possible? As opposed to other markets, traders can benefit from a currency going up or down. It is important to remember that while the stock market is essentially one sided, and if your stock decreases in value, you lose money, Forex is a two way street. Just like you can sell a currency at a high price and benefit from its increase in value, you can also buy a currency after its value has decreased and watch it closely while it makes you money.

This is of course a very attractive quality in today’s shaky economy. While other markets are suffering major consequences of the recession, the Forex market has not slowed down a bit, it is actually flourishing. This is yet another reason that the Forex market remains the largest market on the globe, by far.

These are all very important characteristics of the Forex market, but in this article, I would like to focus on something completely different, Forex money management. It would be interesting to conduct the following experiment. Have two non experienced Forex traders open opposite positions on the same currency; one will buy the EUR/USD while the other would sell. At the same time, have two experienced traders do the exact same thing. What would you expect to be the result of such an initiative?

The logical outcome of such a scenario would be that one side of each pair would profit, while the other would lose. If the USD would increase in value, the individuals who bought the USD would profit while those that sold it would lose. The issue of the trader’s experience might be irrelevant in such a scenario, after all, the USD does not care if the trader is an expert or a beginner.

This, as I expect, would not be the outcome of such an experiment. I am suggesting that the two beginner traders would both lose in the long run, while both experienced traders would profit. The obvious question is “Given that these traders are taking two opposite sides of a trade, how is it possible that they will both profit or lose?” As strange as this might sound, this phenomenon can be explained in two simple words: “Money management”.

It is true that in the short term, the two beginners and the two experts are trading against each other and one will profit, while the other will lose. However, in the long term, the beginner, who is new to the market, and does not know how to efficiently manager his/her account and trades, will end up losing the initial profit they made. The experienced trader, on the other hand, might lose in the short term, but with the use of Stop Losses, will make the money back and turn over some nice profits. Forex trading without money management can be a very dangerous endeavor. To illustrate this point, take a look at the below table that explains just how risky Forex trading can be.

Amount of Equity Lost	Amount of Profit Necessary to Return to Original State
25%	33%
50%	100%
75%	400%
90%	1000%

The numbers in the above table are crucial for any Forex trader. Just to emphasize, a trader who loses 50% of their capital, must make a 100% profit in order to return to their original state.

So, now that we know the numbers, and the average trader knows them too, why is it that traders do not practice money management with their Forex accounts? Well, the answer to this question lies more in the field of psychology, but similar to dieting or other challenging tasks, people are swayed by their emotions, and do not practice the discipline necessary to become a successful Forex trader. Just like in psychology however, traders begin to use money management techniques when they are burnt from a bad trade, similar to the way a child learns not to touch a hot oven. People need to learn the hard way, but once they do, they never forget the pain involved in that initial burn.

Now that we have established that money management is a crucial component of Forex trading, and we have delved into the world of psychology, let’s look to psychology again to learn how to manage your Forex account. There are two possible methods to implement in Forex money management, and the one you choose completely depends on the type of person and trader you are.

The first possible management technique depends on small profits with the hope that they will add up and overpower the larger losses you endured. The other option is to depend on the few major successes with the hope that they outnumber the larger number of small losses. The choice lies in the hands of the trader and should be determined based on that trader’s personality.

If for example, a trader can handle a few major blows to their account, while enjoying a large number of small wins, they should use technique one, and implement low Take Profits with higher Stop Losses.

Alternatively, if a trader feels that they cannot handle to lose a month's profits in one trade, they can use technique two and implement small Stop Losses with larger Take Profits.

In conclusion, it really does not matter what technique you use, nor does it matter what currency you buy or sell. The economy and the state of the world markets do not play an integral part of your personal profits either, when it comes to Forex trading. What matters is that you trade with great discipline, do not get greedy, or fall into the trap of overcompensating. Trade calmly, choose a technique for your trading and money management, implement it, and stick to it no matter what.