Free Forex Lessons

New traders tend to start with a small account of $500 or less and try to develop their own trading plan. They study forex, create their own strategy and then spend days, weeks, even months paper trading their system. When they feel confident they trade live. They find that their gains are very small and so they don't use money management rules and soon after completely wipe their account. This process is time consuming, exhausting and very demoralizing. But strangely, new traders will do it over and over...and I should know, because I did it. It took me a while, but I eventually realized that it wasn't the system that was the problem...it was me.