Do I Have The Right Kind of Money to Trade The Forex Market?

One of the best ways to lose your money is to try and trade when you need the money to pay bills. You do not have any room for a draw down. If you have a loss then you try harder to make it up to reach your required objective. When you do not reach it you start to over trade your account and lose the money faster. You start to break all of your trading rules and have no discipline. Then your emotions creep in and now you are out of control and frustrated. In fact you have almost lost any chance of being successful.

You do not have any control as to when and how much the markets will give you. You need to be relaxed and in tune with the market. Not stressed and fighting the market. The market does not care if you win or lose. So put the odds in your favor and only trade with money you can afford to lose.