You’ve heard the phrase “ Defense wins Championships”. Let me tell you why these three words can save your career as a FX trader. Why become another statistic whose bad decisions cost them the passion of their life. The best and most successful traders adhere to these basics tenets: cut your losses, let your winners run and trade the market in front of you, not what you think or want it to be. All great talking points but I would submit that the hardest or most difficult decision to make is how to manage your risk or just how do you cut your losses. Especially when you “know” it’s going up or down. Sound familiar?