You are about to enter into the forex world. It is a large subject with tips, trading, and tabulations! Knowing that currency trading can be very competitive can make it seem impossible to know what strategy will fit you best. Use the following tips to help you get started.
Emotions should never be used to make trading decisions. You can get yourself into deep financial trouble if you allow panic, greed, and other emotions rule your trading style. Making your emotions your primary motivator for important trading decisions is unlikely to yield long term success in the markets.
Maintain a minimum of two trading accounts. Have one main account for your real trades and one demo account as a test bed.
Both down market and up market patterns are visible, but one is more dominant. It is simple and easy to sell the signals in up markets. Select …