Forex is known for its avid traders, chewing and spitting. I hope this article will save you from being another meal for the sharks that surround the deadly seas of Forex. Forex is a competition, it’s a zero-sum game, someone has to lose money for you to get paid, normally it’s the new traders who are the losers. The average trader has no advantage in the competitive world of Forex.
Since we do not have any advantage over Forex, we should do everything we can to avoid giving more advantage to professional traders. New traders are making money in many ways. The first way to make them spit money is not to have a money management strategy. All your trading should be the same size and you should never try to make up for your losses by trading bigger, that’s what the losers do. Do not be a loser.