This way it also prevents you from getting panic attacks when the trade retrace against you resulting you close the trade prematurely.If your desired stop losses do not come within 2% of your account don t take that trade. As I always say, you may miss one trade but there are millions more to come.You always have to calculate your risk every time before you enter your trades. Your risk to profit ratio has to be minimum 1:1. That means if you are taking a 2% risk on a trade make sure your profit target would be at least 2%.Indepth Trading, Forex and Market Indication (e-book)Download: $7.90While it is simple to begin trading Forex online, maintaining profitability in the long term is no easy task. You have probably heard that 90% of Forex traders lose their money in the long term. If indeed this is true, it is the result of a couple of different factors. 1.Overtrading: Each trade costs you a couple of pips Consider your trades well before you make them. 2. Bad money management: One bad trade can wipe out a year of patient, smart trading. Manage your risk using sto...