Forex is trading in foreign markets; anyone can be a Forex trader. Read on to discover the basics of forex, and some ways you can make money by trading.
Never base your trading on your emotions. Feelings of greed, excitement, or panic can lead to many foolish trading choices. While it is impossible to completely eliminate your emotions from your decision-making process, minimizing their effect on you will only improve your trading.
While it is good to learn from and share experiences with other forex traders, trading is an individual affair, and you should always follow your own analysis and judgments. Always listen to the advice of others around you, but don’t let them force your hand into something you don’t feel is right.
When trading, have more than one account. One account, of course, is your real account. The other account is a demo account, one that uses “play …