I was working with one of my Forex students in London last week after class. The student had taken a large loss in his trading account and was now taking very small gains. He knew that he was making great entries but kept fearing losing any gains so he was cutting them short.

You already have a trading style, it?s your belief system. Whether that is the trading style you end up with or not depends on whether you change your belief system or not, and this is not an easy task.

If anybody has watched the Suze Orman show on late night CNBC you have heard the phrase ?show me the money!? She takes audience phone calls and people ask her if they can afford to buy a particular object.

Options are by far the most versatile trading instrument. There is a lot of money to be made with them, if you do it right. They can be used like an insurance policy, like a lottery ticket, like a bank CD, and many other things besides.

This week I?d like to discuss a topic that everyone is aware of, but seemingly many new traders don?t take very seriously. That topic is risk management.

Sovereign debt, falling gold prices, Euro worries? there is a lot of talk in the news about risk. However, as a trader/investor, risk can mean something different.