Forex is a trading market based on foreign currency and is open to anyone who wants to trade on it. Trading successfully is another story. Read on to find out how you can get a successful start in forex trading.
If you want to be a successful forex trader, you need to be dispassionate. This will decrease your chances of making a bad choice based on impulse. Emotions will always be somewhat involved in your decision making process; however, it is important to learn to minimize the effect of emotions, and make decisions based on logic.
In forex, it is essential to focus on trends, not every increase or decrease. Selling signals while things are going up is quite easy. Your goal should be choosing trades based on what is trending.
Don’t move stop loss points around; you increase your chances of losing money that way. Make sure that you …