Forex is about foreign currency exchange and is available to anyone. Trading successfully is another story. Read on to find out how you can get a successful start in forex trading.
Emotion has no place in your forex decision-making if you intend to be successful. The calmer you are, the fewer impulsive mistakes you are likely to make. Emotions are important, but it’s imperative that you be as rational as you can when trading.
Your own judgment is the best tool to use when trading, but don’t be afraid to trade ideas and tactics with other traders. While you should listen to other people and take their advice into consideration, your investment decisions ultimately rest with you.
As a case in point, if you move stop points right before they’re triggered, you’ll lose much more money than you would have otherwise. Follow the strategy you’ve put together, and you’ll succeed.…