The common Forex trader can be absolutely considered its own worst enemy because more often than not, the errors we make as humans are the root of our problems. Trading requires a lot of detailed planning, education, and experience. The Apiary Fund is a great resource for beginner traders because they have such a brilliant way with teaching aspiring traders just coming into the Forex market and showing those traders how to take the steps to be successful and profitable. Here are some suggestions on how to make sure you don't fall for the very common mistakes traders make in the markets.
Risk tolerance is how much of a loss you’re willing to take. “With no risk, comes no reward.” Have you heard this saying before? Keep in mind, it goes both ways, because the greater the risk comes the greater the potential for losing money. Risk tolerance defines your ability to withstand losses when things don’t go exactly as planned.