In forex you can make a lot of money in minutes, but you also can lose even more in much less time. That’s why you need to learn how to manage your money and be disciplined when trading.

First of all, before you even decide to go live with forex trading (before opening a live account) stop and ask yourself if you know forex enough to trade it and the risks that come with it!.

To be able to understand and answer correctly (yes!) the above question, besides understanding forex basics
you also need to:

understand leverage,
margin and margin call,
capital risk,
learn to accept your mistakes and how to stick to your plan.

Jump to the topic that you’d like above or continue from the top in the money management lessons.
Continue to Understanding Leverage