Starting a new business…it’s risky. Anyone who tells you otherwise is not being honest. Forex trading…it’s risky. Anyone tells you otherwise is either naïve or again, simply not telling you the truth. So make sure you’re going in with your eyes open and realistic expectations. And just to be clear, you’re an entrepreneur and there are no guarantees. So knowing the facts, what does that mean? A few things – firstly that you can and must control what you can. Just because the industry is risky does not mean that you have to be risky. In fact, just the opposite. You can be as conservative as possible within a risky industry. You cannot control the markets, but you can control your level of education and knowledge. You can control your money management rules and your trading strategy. Wherever possible minimize the risk and always look to move the odds into your favour when analyzing trade setups. Be patient. Wait for the so called “perfect setup” knowing that even these trades can go wrong. So why take a trade that looks anything less than “perfect.” There is no such thing as buying a guaranteed strategy that shows guaranteed results. Control what you can by working with a regulated broker where your funds are safe. And then build your business with hard work, diligence, realistic goals, and patience, always patience.
FXtrademark: Nothing Wrong With Risk
