Money and Risk Management

Forex trading without a solid money management system is akin to playing Russian Roulette. When you trade you will make losing bids, it's just a part of trading. The key is to limit those losses as much as possible. A system with clear rules that you consistently follow will help you achieve this.  A system will also help you determine how much you should risk and the price you should exit when the price movement goes against you. However, for this to work you need to the discipline and mindset to follow through.