One of the aspects that new traders seem to disregard the most is risk management, instead of managing their money wisely they put too much in and hope for that big payout. This is something that you should steer clear of as many traders have lost a lot of money this way. You should have a proper risk management strategy in place which we will detail below. Use a broker that guarantees stop loss execution without high slippage. Forexchief mt5 and mt4 servers are great in such situations. As a general guideline, you should risk no more than 2% of your capital per trade, so for an account with £500 capital you should not risk any more than £10 for your trade. Obviously after placing a trade you will either gain money or lose money, you should then adjust the risk value accordingly – stick to 2%.