Principles of management tools

Starting bid, make sure you have enough capital. A trader who does not have a sufficient amount to make the biggest mistake, start bidding. It will not only worry is always trying to minimize losses more than they can make a reality, but it will also be excluded from bidding more before he feels the slightest taste of success.

Discipline. Discipline - probably the most frequently used words in the online training courses Forex trading currency. But, despite the fact that you it may seem just another cliche, the discipline remains one of the main lines of the trader's conduct, which he just need to learn.Discipline - is the ability to develop your personal plan and implement this plan into reality. This ability to give enough time for your business to develop, and not to withdraw from bidding at the first failure just because you can not withstand the pressure of risks. Discipline - is the ability to continue to work on techniques and strategies, even after the loss. Try to do everything possible to develop the discipline and to become a world-class trader.

Remember the ratio of risk-profit. Here are the percentage of risks and profits, as well as the factor that will reach break even:

40/20 (2 to 1) = 67%

40/40 (1 to1) = 50%

40/60 (1 to 1.5) = 40%
40/80 (1 to 2) = 33.5%
60/20 (3 to 1) = 75%
60/60 (1 to 1) = 50%
60 / 90 (1 to 1.5) = 40%
60/120 (1 to 2) = 33.5%