Welcome to the forex world. As obvious to you, this is a large universe chock full of trades, techniques and technology. Currency trading can be very competitive, and finding a solution may seem far-fetched. These tips can lead you in the right direction.
Watch the financial news, and see what is happening with the currency you are trading. Speculation is the name of the game, and the newsmedia has a lot to do with that. Set it up so that you get email and text alerts about the markets you dabble in so that you can potentially capitalize on major developments with lightning speed.
Forex trading requires keeping a cool head. Emotions are by definition irrational; making decisions based on them will almost always lose you money. It’s fine to feel emotional about your trading. Just don’t let emotions make your decisions.
Maintain two trading accounts that you use regularly. …