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(Free-Press-Release.com) March 11, 2010 -- Dear Trader,

My research and experience has confirmed that too many traders simply do not know how to manage risk in each trade -- and all too often, the result is the same: they wipe out their accounts.

Here's what I find is happening. Forex has grown in popularity so quickly that many traders who are new to Forex trading have just waded into the waters, opened an account and have begun putting on trades without any real thought or planning to how to approach trading.

Then you get the reckless ones that show good Profits in the Short-term, but when the paw-paw hits the fan, you see them sweating and losing all the way, but I wonder how many are real trades.

It should be obvious that the problem with this thinking is reckless, little to no understanding of how to approach trading foreign currencies, the significant risks to capital that it poses. All to often, new traders try to trade first and learn second.

And the result of that learning is the loss of their account balances. Hey, let's be honest, trading on a demo account is never the same as trading with real money. You do not apply the same emotional control, the same trading principles or rules, you'll take greater risks with the demo account and play too safe with the live account (often to your own loss).

Reverse your thinking: learn first, trade second. In fact, across the board, the need to reverse people's mindsets about Forex is what is needed. Learn the right way to trade first, and THEN take that knowledge to the market and trade with it.

As part of that learn first scenario - the NUMBER ONE element to trading that new, inexperienced or unsuccessful traders should learn is how to MANAGE RISK FIRST in every single trade.

“I believe that everyone who want to become and stay a successful professional trader needs a mentor. Otherwise, the odds are against you.”
What I mainly learnt that made a BIG difference in my Forex Trading They are the 4 "golden rules" that I use to determine if a trading method is good for me:

1. It must be a complete method, with setup conditions, entry rules, initial stop rules, and exit strategy rules, leaving no decision to chance.
2. It must include specific risk management, money management, and portfolio management guidelines.
3. It must be based on technical analysis, but it must not be a 100% mechanical system.

4. It must take less than 20 minutes a day to apply after learning how to trade with it.
Today, one of the most well-respected Forex educators, Bill Poulos, released Forex Profit Accelerator (FPA) that teaches traders like me and many others even before and after me, EXACTLY how they should be trading. And, how traders can put more trades in their favor by erasing risk -- it's very cool thinking and it isn't what's being taught by most of the so-called 'Gurus' out there.


By learning to manage risk FIRST, traders will find their trading transformed as they are able to approach any trading with an entirely different mindset, a plan f

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