Here are some lists of tips for forex traders most especially the beginners.
- Educate yourself properly on how trading works
- learn money management
- you should know how much you’re ready to lose
- learn risk management : you should know the risk in forex trading
- you should know have a good strategy and a good system
- do not buy a system! learn to create one
- plan your trader; trade your plan
- implement rules and follow it!
- be discipline in everything
- leave your emotions at the door
- don’t fall in love with a position
- don’t revenge in a position
- read and understand forex charts
- be familiar with technical and fundamental analysis
- learn the basic market direction
- the trend is your friend
