In my opinion, there is one thing that separates the novices from the professionals in the Forex market: Novices gamble and professionals trade.

This is a key distinction because it’s the reason countless new currency investors have trouble trading in the Forex market.

So what separates gambling from trading? In a word: Risk.

Successful traders take calculated risks. They gauge the risks to each trade and allocate their funds accordingly. In other words, they think about what they could lose on a trade - rather than just the possible gains.

To be successful, you need to think about how much you’re betting on each trade. Take this into account when you’re placing each order. Make sure no one trade can wipe out your account.

This is how the professionals trade. And even though you aren’t trading billions, you can still profit from the same strategy.