Lesson 1: Money Management
Simple: Risk no more than 2% on every trade.
Example:
I have an account with $1000.00
2% of $1000.00 is $20.
The stop loss on my system is 75.
The amont of all risk/pip is 28 cents.
So #8211; will you exchange for a living if your first capital is 1000?
Suggestion: NO