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The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

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CHAPTER 11
Risk Analysis
Risk analysis helps traders reduce greed and fear. The goal of the analysis of risk is to get into and out of trades based on what the charts say and not by how you feel. I have spoken to traders from more than 50 different countries around the world, including Australia, Japan, China, Mexico, Brazil, Canada, Mexico, England, Spain, France, Germany, Moscow, the United Arab Emirates, and, of course, from all around the United States.
The common mistake I see over and over again is that amateur traders overanalyze; trying to make up for a lack of a clear understanding of how to use their technical indicators, they wait to get as many signals as possible. They do this because of the fear of losing.

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