Understanding the Business

Day trading Forex successfully is not a matter of skill. The only way to become profitable in the long run is all about having a consistent plan. Becoming a trader is becoming the owner of a business. In order to make a living off of it, you must pay attention to the logistics even more than the practical aspects such as technical analysis. A trading strategy is nothing short of a full scale Business strategy.

Risk management is the next most important aspect of becoming a full time day trader.
The following video is by far the most in depth lesson on this crucial aspect;
 I highly suggest taking notes.

https://www.youtube.com/watch?v=osDAJ3Kh8rg