Unfortunately, trading in forex comes with a real set of risks and without proper training you could end up in the poorhouse. This article contains a number of tips that will help you to trade safely.
Thin Market
For beginners, protect your forex investments and don’t trade in a thin market. A thin market has little liquidity or price action.
Sometimes changing your stop loss point before it is triggered can actually lose your money than if you hadn’t touched it. Make sure that you stick to the plan that you create.
Don’t base your forex decisions on what other people are doing. Most people never want to bring up the failures that they have endured. Even a pro can be wrong with a trade. Instead of relying on other traders, stick to your own plan, and follow your intuition.
Forex is a complicated investment option that should be taken …