Tip #2   Use money you can afford to lose

You must have heard this forex tip before (maybe from your forex brokers). This doesn’t mean you should cross the money out entirely off your mind. You should feel the money is still yours, and you better feel some pain when you have losing streaks. You have to protect your equity after all, and you’ve got to have this self-preservation instinct. But what happens in case you wipe out your account? The amount of money you will have lost should not make your financial situation change dramatically.