Risk Management - The Key To Successful Trading

Many novice traders begin trading without a trading plan, and this is one of the primary reasons why the vast majority of new traders lose money.
Even with a trading plan, if the plan lacks a good risk management component, regardless of how well the plan may work initially, a trader can eventually lose everything.

Trading while keeping your risk low will keep you in the game and put money in your pocket at the same time. Forex trading is a legit thing, but you have to be wary of the set up. You can make money, if you don't get carried away with taking on risk.