Forex is the short-form of “foreign currency exchange”, a market for trading which is easy accessed by anyone. The article below will help you learn how forex functions and what it takes to make money through trading foreign currencies.

Trading with your feelings is never a solid strategy in regards to Forex trading. Doing this will prevent poor decision making based on emotional impulses, which decreases your chance of losing money. You cannot make your feelings go away, but your forex trading will be more successful the more you ignore them and concentrate on being rational.

Have at least two accounts under your name when trading. You want to have one that is for your real trading and a demo trading account that you play around with to test the waters.

As a case in point, if you move stop points right before they’re triggered, you’ll lose much more money …