Forex preparation (1)

In forex trading there is only one thing over which we have control and that is ourselves. The markets move in different ways. Sometimes we win from trading, sometimes we lose, but when we draw the line, what remains is under our control.
Of course, when we are in chase for good ideas, we devote our time in analysis and research, but there will always be unexpected market events that happen out of nowhere. Here is where preparation and proper implementation of the deal becomes crucial to reduce potential losses from unexpected events.
The preparation includes optimal risk-profit ratio, placing of good stops, determining the size of the position based on the risk and stop and strong stick to our trading plan. These are aspects that are under our control, and if we want to be the best, we have to do everything, that depends on us to do this.

Look for part 2.