How To Not Blow Up Your Trading Account

Learning proper money and risk management is key to achieving success in the markets. These skills will help you build a solid and long-lasting foundation for a prosperous trading career.

How much are you willing to risk per trade? How much money can you hand to the markets and not lose your sleep, your house and your wife? This is a pretty serious game. Whenever money is involved you will find professionals. These professionals are waiting to take your money, they often are a lot more patient than you. Although sometimes very well regulated, there is no ethic whatsoever in this business where every participant is in it to make money. It is a zero sum game, meaning that there is a loser for every winner. Think about that. Learning proper money and risk management is key to achieving success in the markets. These skills will help you build a solid and long-lasting foundation for a prosperous trading career.

Erick Vavretchek’s trading career began in 2008 and thanks to the GFC he was off to a longer than expected journey to success. After learning stock options, commodities and CFD trading strategies Erick found the highly liquid 24hr Forex market and now trades Forex full time from his home office in Sydney Australia. Erick is co-founder of ForexNation.org, the World’s 1st Not-For-Profit Broker dedicated to helping emerging economies through education and creation of opportunities for women. When he’s not trading or involved with the daily operations of ForexNation.org Erick can usually be found creating something delicious in his kitchen or playing his guitars. This book is the fruit of his discoveries, failures and achievements. Ultimately it’s a manual of the behaviour that can make or break you as a Forex trader.