Taking Risk in Forex

Hi,

   If you are taking risk in forex market it can make difference between your survival or sudden death with forex trading. You can have the best trading system in the world and still you fail without proper risk management.
Talking about the risk management is nothing but the combination of multiple ideas to control your trading risk,whether it is limiting your trade lot size, hedging, or during certain hours or days and knowing when to take losses.But this an easy concept to grasp for traders but its actually difficult to apply because most brokers likes to talk about the leverage and keep focus on the drawbacks. This causes the traders to make a mindset that they should be taking a large risk and aim for the big bucks.
Once you join for a demo account its seems easy for the clients to trade but once to start trading with the real money automatically emotions comes in, everything changes. This is where true risk management appears and it is the most important part of the trading which you face for.