You can also use a "guessing system" to trade. This kind of approach, even with "stops" will result in making you a frustrated trader that will only keep losing more money than what you earn. There is also a very important factor that can ruin your trades. This factor is "fear". You can't approach the markets with fear in your mind. You must be confident about what you are doing and how you will behave as your trade evolves with time. The best thing you can do in order to keep fear out of your trading is to have and understand a good and reliable forex trading system that will show you the way to a profitable trading career. Selecting a forex trading system that is ill-suited to you as a trader can be detrimental to you. In fact, it can cause you to loose a big part of your capital.
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