Forex trading need not be confusing. Just like anything else, forex can be confusing without the proper research ahead of time. This information is the start of doing that research; it will let you get right into forex trading.
Don’t ever make a forex trade based on emotions. You will lessen your likelihood of loss and you will not make bad decisions that can hurt you. While your emotions always impact the way you conduct business, it is best to approach trading decisions as rationally as possible.
Avoid trading in a light market if you have just started forex trading. If the market is thin, there is not much public interest.
Never position yourself in forex based on other traders. While you may hear much about that trader’s success, in most cases, you will not know about all their failures. A history of successful trades does not mean that an …