there are many different options in fact, and already in this topic so many have been mentioned, you always need to take only what suits you personally!
forum is the best source to bring good knowledge and experience for new Forex traders. it really play an major role in forex trading.
managing money in Forex and others business its all about same , the main issue to avoid unfortunate risk and a analyzing predict about the real faction of this market with certainly.
Each trader has weaknesses and strengths. Over time, traders will notice their weaknesses, such as not taking a loss when they should (and letting it get bigger) or taking trades that don't align with the trading plan (and thus, these trades are based on an unproven strategy). Such weaknesses can cause big losses in a hurry. Have a personal plan for what you will do when you notice yourself making one of these mistakes.
Rule 1: Always Use a Trading Plan Rule 2: Treat Trading Like a Business Rule 3: Use Technology to Your Advantage Rule 4: Protect Your Trading Capital Rule 5: Risk Only What You Can Afford to Lose. Lastly always trade and practice on Demo account first then step into Real account.
Careful placing of stop loss and, of course, reviewing your trades to see you mistakes and right decisions. Traders underestimate potential of learning on their own decisions. In some sense trading is a trials and errors process so without reflection learning curve may stop to rise.