Any successful trading strategy needs an adequate money management strategy. Once you figure out how much you can safely allocate to your real trading account, you have to work hard to protect your capital. Above all, you must replace your common urge for profit with a need to protect your account equity from losses. The simple reason? You have to survive longer in order to win, particularly given the fact that every trader has 90% chance of consistently losing in Forex.
Part of our multimedia library, learn in this video what is money management in Forex and how to adequately manage your account equity when trading.