Controlling risk is one of the most important ingredients of successful 
trading. While it is emotionally more 
appealing to focus on the upside of trading, every trader should know precisely 
how much he is willing to 
lose on each trade before cutting losses, and how much he is willing to lose in 
his account before ceasing 
trading and re-evaluating. 
 
More detail in 
http://www.freewebs.com/whatisforextrading/Forex_trading_controlling_risk.html
 
It is very simple. You can work it with it and making money with it.

Good Luck
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