9 golden rules about Forex Trading

1. The market is always changing, and it may be difficult to understand and keep up with these

 changes, but if you are investing through a good education in the field of foreign currency trading

2. There are many beginners who Icomo work trades in any direction. While there is a possibility to make profits both on the upper and lower side of the trade, the trading trend in the right direction according to indicators give you the best chance of success in.

3. Make a demo account, and use it to learn and understand Forex trading. While using a demo account will be able to test trading strategies and prepare yourself mentally while real trading. However, keep in mind that you need to be more realistic and experimental treatment money like real money, otherwise, there is no way you can learn from display the default accounts.

4. While there are a lot of companies who earn money by selling software which aims to predict future trends, the reality is that if this program really works, these companies will not give the secret ways.

5. Trading is stressful work, and there will be a lot of setbacks on your way to the top, and can cause emotional trading to force you to open a real account for trade in very early, and eventually lead to a loss because of wrong entry point. Control your emotions by staying cool and quiet, and a focus on long-term objectives set

6. Just because the foreign exchange market is online 24 hours a day does not mean that you are to trade all this time. If you have a doubt, do not trade in everything. Instead, you can analyze the market and the use of knowledge to get a profit from trading in the future.

7. Because the trading and trafficking contains a large amount of emotions, you should have a business strategy, which includes a set of rules that are committed to it, and this will help to protect you from yourself.

8. Avoid trading strategies which are very complicated to understand and which use a lot of different techniques. They can distort your judgment, and will make you lose a lot of good business opportunities.

9. Leverage in the foreign exchange and the potential rewards large circulation, but also involves a significant risk. As a beginner, not more than 1-2% of your margin account risk on any given trade. In the long term, this will give you a chance to make a profit while minimizing the possibility of loss