Risk is a factor with forex trading, especially for those who are inexperienced. You’ll find many strategies in this article which can help you make the best trades possible.
After choosing a currency pair, do all of the research you can about it. If you spend all of your time studying every possible pairing, you will never start trading. Choose one pair and learn everything about them. Keep your trading simple when you first start out.
Your emotions should not rule your Forex trading behavior. If you let greed, panic or euphoria get in the way, it can cause trouble. It’s impossible to completely remove emotion from the equation, but if they are the primary driver of your trading decisions, you are in trouble.
Try to avoid trading when the market is thin. Thin markets are those that lack much public interest.
If you keep changing your stop losses, hoping …