Forex Trading Tips – How You Can Profit at Least 200 Pips Each Week Trading Forex

Profiting 200 pips from the forex market might seem rather out-of-reach for most ( including yourself perhaps ) if you have not been there done that. This logic is very simple to understand here – Considering a trader who can consistently nail an average of 200 pips from the forex market each week, this kind of profit target would not be overwhelming to him/her anymore. On the other hand, if you are the kind of trader who struggle to make 50 – 80 pips each week, this target of 200 pips might seem like an impossible target for you (at least for now). However, nothing is hard or impossible as long as you break down everything and try to understand the process in a simple manner – Likewise for this strategy on profiting 200 pips each week.

Let me share the details below:

In forex trading, being “consistent ” is really the key to succeed continuously month after month and for a long time to come. Nothing beats this fact I am sure. So instead of thinking how to make 200 pips each week, you just have to break it down into 40 pips a day instead. Not only is 40 pips a very achievable target, but it is also a ” realistic ” target as well. Why do I say so?

Because for almost all the currency pairs available for trading, their average daily pips range would be between 100 – 150 pips at least. Hence, when you are aiming for just 40 pips out of this range, it is definitely very do-able once you understand some proven facts I am sharing here. For this example, let me use the EUR/USD for my explanation of this strategy. This is one of the most commonly traded pair and the liquidity is definitely good.

Here are some tips for you to secure the 40 pips target with confidence:

1) Always Trade On The Bigger Time-frames Such As 1 hourly or 4 hourly

By looking at the bigger time-frames, you are actually looking at the ” bigger ” price projection in the market. Therefore, not only are you looking at more reliable signals & patterns formation from the chart, but also not that tiring after all as compared to staring at the 1 minute or 5 minutes charts instead.

2) You Should Trade With A Good ” Risk/Reward ” Ratio Of At Least 1.5x

Forex trading is merely a game of probability after all. As long as you lose less than what you win each time and simply rinse and repeat over many trades, you are going to be in the “positive” profits zone every month. So by applying a risk/reward ratio of 1.5x, you would plan your take profit at 45 pips (applicable for a pair such as EUR/USD) each time and stop loss at 30 pips. When you stick strictly to this ratio, each time you would win 45 pips but when you lose, it is only 30 pips.

Lose less and win more – That’s what I called it!

3) Learn Forex Trading Strategies For Both Sideway & Trending Market

In the forex market, it is either the market is going sideway (ranging) OR trending. And the beauty is that you can definitely nail those pips (profits) you need from both market condition once you have some strategies for each different market.

To truly put all odds on your side, it is no good to apply just one strategy to all market conditions as in this way, you would not be getting good results in the long run or maybe only “breakeven ” perhaps. So what you should do is to include good strategies meant for both the sideway & trending market in your trading basket. And the best strategies you should use would be based on Price Action itself.

Why so?

This is because Price Action is not lagging and the ” hints ” you derive from the actual market Price Action is more reliable most of the time. On the other hand, when you rely too heavily on the so called ” textbook technical indicators”, you would suffer more confusions and uncertainty as they are generally plain lagging and not as reliable as compared to Price Action.

Having stick to these 3 proven tips, your effort to make 200 pips each week would not be such a challenge anymore. You would suffer some losses definitely, but if you trade just 2 times a day ( using TP 45 pips & SL 30 pips ) and your strategies are just 50% accurate – 200 Pips by the end of the week is very do-able indeed! So if you are keen on tuning both your mindset and trading skills to make 200 pips each week, do try out and get familiar with these 3 rules using a DEMO account first.

Once you can ” consistently ” get many repeated 200 pips each week, you can then proceed onto a Live trading account if you want. 200 pips each week would roughly equate to about 800 pips every month. Now do you know how much these kind of pips would help to grow your account size by only risking 2 -3 % each time? I would say, it is enough to make most traders around the world “filled with envy ” once they know about your success with forex!



Source by Aaron Tan Wei Ming

Earn Additional Money With These Forex Strategies

If you are new to Forex, begin by focusing on a single currency pair then expand as your skills improve. When you first enter the world of currency trading, professional traders suggest that the best way to practice and tone your trading skills is to trade only liquid and widely traded currency pairs, at first.

As stated previously, the information, tips and advice of experienced traders is invaluable to anyone, who is just starting out in the Forex market. Using the tips in this article will help you with your interest in the Forex market. Profitable opportunities are vast for new traders, who are willing to invest their time and energy into learning about the market and follow expert advice.

These suggestions are directly from people who have been successful with trading on the Forex market. Although we cannot guarantee you will be successful in your trading, these tips will assist you in becoming successful. Apply these tips and begin making some money!

Because the values of some currencies seem to gravitate to a price just below the prevailing stop-loss markers, it appears that the marker must be visible to some people in the market itself. This is not true. Running trades without stop-loss markers can be a very dangerous proposition.

Some traders think that their stop-loss markers show up somehow on other traders’ charts or are otherwise visible to the overall market, making a given currency fall to a price just outside of the majority of the stops before heading back up. This is absolutely false; in fact, trading with stop-loss markers is critical.

Forex is the largest market in the world. Investors know how to study the market and understand currency values. The average trader, however, may not be able to rely on their own skills to make safe speculations about foreign currencies.

Traders that are new to Forex become excited and somewhat obsessive, staring at charts all day and reading all kinds of trading books and other literature non-stop. Forex people’s attention starts to wane after they’ve put a few hours into a task, and Forex is no different. Take breaks from trading, and remember that the market will be there when you get back.

When you trade currencies in Forex, try to buy based on trends. Picking currencies that are top and bottom pairs may seem more lucrative, but it is a much more difficult way to trade. Following trends will give you more long-term success and therefore, more long-term profit in your Forex trading.

A good tip for beginners trying to become a successful foreign exchange trader is to set up a demo account. These demo accounts help the individual to have a feel for the interface of the software as well as get valuable practice in trading. These are free and are easy to set up.

Change the position in which you open up to suit the current market. Some traders open with identical positions and invest more funds than they can afford or an inadequate amount to begin with. Your opening position should reflect the current trades you have available for the best chance of success with the Forex market.

To be successful in Forex Trading, remember to follow trends. Rather than trying to beat the game, work with it. When the trend is up, it’s not time to sell, and when the trend is down you don’t want to buy. Trying to work against the trends will require more skill and attention, which will develop with more experience.

It is important to stay current with the news. Make sure that you know what is transpiring with the currencies that are relevant to your investments. Speculation has a heavy hand in driving the direction of currency, and the news is usually responsible for speculative diatribe. Get some alerts set up so that you’ll be one of the first to know when news comes out concerning your markets.

Placing successful stop losses in the Forex market is more of an art than a science. You are the one who determines the proper balance between research and instinct when it comes to trading in the Forex market. What this means is that you must be skilled and patient when using stop-loss.

As has been discussed, Forex is a program for the exchange of foreign currency for global business. By using the information that the above article has provided, you will be better able to understand the benefits that Forex has to offer business and how best to apply these benefits with regards to your situation.

When trading, try to avoid placing protective stops on numbers that are obviously round. When you do have to place a stop, make sure to put it below those round numbers and on short positions instead. Round numbers include 10, 20, 35, 40, 55, 60, 100, etc.

People tend to be greedy and careless once they see success in their trading, which can result in losses down the road. Lack of confidence or panic can also generate losses. When in the Forex trader driver’s seat, you need to make quick decisions that reflect the real “road” conditions, not your wishes and emotions



Source by Artur Aghajanyan

Forex Trading Advice – What Gains Could You Make Trading Global Currencies?

What gains can you expect from trading global currencies and how much effort do you need to make to generate a great second income? In this article I will give you some realistic targets to aim for and also give you an idea of the amount of study and work you have to do to make these gains.

Forex trading is easy to learn and there is no need for ongoing education, once you have a system you are happy with and have confidence in. No system is perfect but if you have a simple system based on charts, you can make a lot of money with it. So how long will it take to learn a simple chart based system? My own view is it will take a couple of weeks to around a month, to learn all you need to know and that’s it – no further study is required.

Many traders waste their time, researching new systems when they get a few losses but all systems will experience losing periods. Instead of swapping systems, if you have confidence in your system trade it through periods of losses with discipline. If the systems soundly based, it will make money over the long term. Short term dips in equity, happen to all traders so accept them, trade with discipline and focus on the long term.

Your system should also be based on following long term price action, if you focus on the longer term, you will find you make more profit and do less work and an hour a day off work can make you a lot of profit.

So How Much Money Can you Make Trading Forex?

Of course, this will vary between traders and systems but here are some general points in relation to how much you can make and the size of equity dips you can expect.

The best traders will make between 30 – 100% per annum and this can be achieved even by new traders. You will see lots of gurus and cheap Forex robots saying you can make 100 – 1,000% per annum and also have very small losses( normally under 5%) but there lying and they don’t achieve these figures.

If you make 30 – 100%, your drawdown will increase with the amount you are targeting typically, if you are aiming for 30% annual gains, your drawdown will be around 10% and on 100% gains it will be about 30 – 50% and periods of losses will always last a few weeks to a couple of months so its important to keep your eyes focused firmly on the longer term – cut your losses and run your profits.

The above is an honest assessment of how much money you can make trading Forex and the time it will take you to do it so good luck and I hope, the above Forex trading advice helps you enjoy long term trading success.



Source by Kelly Price

FOREX Brokers – Tips for Choosing the Best Forex Broker

There are many Forex brokers to choose from when trading currencies online – and choosing the right one is essential, if you’re going to maximize your FX trading profits.

This article is all about choosing the best broker to help you trade online – and help you achieve currency-trading success.

Firstly, you need to understand the following:

A Forex broker is there to help you place orders and give you a good service when doing so.

Many novice traders however choose a broker assisted account – and then expect their broker to help them make money!

You shouldn’t use a broker-assisted account.

To succeed in FX trading you need to understand that you alone are responsible for your trading success, and no one else.

Now you have your FOREX trading system / trading plan, it’s time to choose a broker. Here are some tips to help you:

Spreads Offered

Spreads can be very competitive and you need them to be. Transaction costs mount up – especially if you are trading frequently.

The tighter the spread, the more profits you will make.

Today, many brokers offer spreads as tight as 3 – 5 pips – and this is what you should look for.

Deposit Online

Look for a broker who will take online payments to your Forex account – and make sure the payment method is secure.

This is a great facility for funding your account quickly – and getting your trading profits back into your bank account!

Guaranteed Stop Loss Protection

The leverage is one of the main reasons that people are attracted to currency trading, as it increases the profit potential dramatically.

Of course, leverage is a double-edged sword – and where there are high rewards, there is high risk.

Many traders are nervous of trading with the potential to lose more than their initial deposit. With this in mind many Forex brokers now offer guaranteed stops and negative balance protection.

This is a sensible service to utilize when you first venture into trading, as it gives peace of mind for a small fee.

Leverage Offered

The leverage brokers will give you varies dramatically from broker to broker.

You should look at a broker who will grant you at least 200:1, as it will maximize your potential profits.

In fact, many brokers will give you leverage of up to 400:1.

Other Charges

Your only transaction cost should be the currency spread – you should not pay other commissions.

Always make sure that the currency spread is the only fee you’re charged, and that you don’t pay any extra brokerage commissions.

Investment Amounts

Today, currency trading is not just the preserve of wealthy individuals and banks – anyone can get involved, as deposits are affordable to all investors.

You can open a trading account online with as little as $100.00 – this means that novice traders who want to start out with a small amount can do so.

Trading Platform

If you are trading online, you will go through a Forex trading platform – and you should look at this closely when looking to trade with a broker.

You want ease of use and reliability – but also check that the broker provides assistance and support.

FOREX Trading Education

While you should always make your own investment decisions, it’s nice to get free trading tools such as:

· FREE trading guides

· Forex training seminars

· Trading news

· Trading recommendations

· Forex trading systems

· Trading books

These can be useful when you first start to learn Forex trading, and you are developing your own Forex trading strategy.

Choose Your Broker Wisely

When choosing a Forex broker you have a lot of choice, and the above tips will help you choose a broker that will be a valuable partner in your quest for profits from online Forex trading.



Source by Stephen Todd

Trade Forex – 5 Tips for Currency Trading Success

Here I am going to give you 10 simple tips which are needed to enjoy long term trading success and if you understand them and follow them, you can join the elite 5% of traders who make big gains trading Forex.

I have put the number of tips in no particular order of importance – you need to follow them.

1. Don’t Use FX Robots

When 95% of all traders lose don’t expect a cheap robot to make you wealthy with no effort, these systems cost so little because they don’t make money.

2. Work Smart Not Hard

I always read it takes years to learn to trade and you continually need to learn – this is rubbish. Forex trading is simple to learn because simple systems work best and you can learn all the basics of success in a few weeks. You don’t get paid for working harder in FX trading, you get paid for being right so no need to do extra work for no reason.

3. Understand Volatility and Drawdown

I see numerous traders who think they can day trade and scalp with 10 to 20 pip stops but they soon lose their money. This because they have no understanding of volatility and it impact and if you want to win, you need to understand all about it.

4. Use Low Leverage

Brokers will give you 200:1 leverage but use this amount and you will lose. For a novice trader 10:1 is the maximum you should use and don’t worry you can make triple digit gains on it and still have tight risk control.

5. Discipline Discipline Discipline

In Forex trading, the best traders in the world make money around 50% of the time but the makes huge gains by having the discipline to keep losses small and run profits.

Most novice traders think they are going to win the majority of the time so they run losses and this leads to a wipe out. They refuse to admit their wrong bit if you want to win at Forex trading, forget about being right all the time and focus, cutting losses and running profits.

Final Words

I hope you enjoyed the above tips and if you understand them, you will see why you can big gains trading Forex.



Source by Kelly Price

5 Forex Trading Tips You Should Know in 2019

This article will give you some fresh Forex trading tips. You are going to get 5 tips that may help you achieve success as a trader in 2019. If you are a new trader, this field can be a bit overwhelming for you. After all, not knowing the rules can’t help you succeed. The good news is that our tips are aimed at beginners. So, if you are just getting started, do check out the tis given below.

1. Go With a Wise Broker

First off, make sure you work with the right broker. An easy way is to read reviews and consider the recommendations given by others. Also, make sure you go with a professional who suits your personality and is trustworthy. Keep in mind that there are many fake pros out there. Ideally, you may want to choose a licensed broker.

2. Put together Your Own Strategy

No matter how many Forex trading tips you have, if you don’t have a solid strategy, you can’t reach anywhere. In fact, not creating a strategy is one of the most common mistakes that most beginners make.

What you need to do is decide on your goals. Having a clear goal to achieve will help you throughout your journey.

3. Learn Step-by-Step

Just like other fields, trading requires that you start step-by-step until you get the know-how of this business. What you need to do is put in small amounts and see how it goes. Investing a huge sum, in the beginning, is a bad idea.

4. Control Your Emotions

Make sure you don’t get carried away by your emotions. At times, it can be really hard, especially after you have suffered a loss. However, if you keep your emotions under control, you can make the right choices.

Getting emotional will increase your risk of making wrong decisions. So, we suggest that you learn to manage your emotions.

5. Don’t let Stress Take Over You

Just like emotions, stress can create difficulties for you. In other words, if you are under a lot of stress, you may end up making irrational decisions, which may cost a great deal of money. So, we suggest that you identify what causes you stress. Once the sources are identified, make sure you try to eliminate them.

When you are under stress, take a deep breath and pay attention to something else. With the passage of time, you will learn the art of controlling your stress. Listen to your mind and find out what can work the best for you.

Long story short, you may not want to let this trading scare the hell out of you. You don’t want to give up no matter what. You may want to keep in mind that success in the field of Forex trading depends upon how prepared and determined you are. So, you have to learn to be disciplined if you want to gain success. Hopefully, these tips will help you get ready and get the best results.



Source by Pracha J

FOREX Trading Tip – Use Leading indicators For Greater Profits Here’s How

Many traders like to buy dips to support or sell into resistance but this simply ensures they lose.

This FOREX trading tips is all about using leading indicators to confirm a move, rather than simply assuming support and resistance will hold.

Let’s look at it in more detail.

Buying Into Support and Sell Into Resistance.

You hear this tip all the time, but it doesn’t make money.

It is based on the old saying “buy low sell high” which is another phrase that won’t make you money.

If you buy into support or sell into resistance then the logic is that you will have low risk and high reward if the levels hold.

The important word here is “if”

If you trade FOREX then you don’t want to rely on “if” and hope – you want indicators that will increase the odds of these levels holding and your chances of making a profit.

If a price is speeding toward support or resistance then it will break as often as it holds, you therefore need to watch for changes in price momentum and that’s where leading indicators can help.

Getting the odds in your favor

If you want to buy support and sell resistance and get the odds in your favor do use the following FOREX tip.

You can use lagging indicators as well as trend lines in FX trading to denote areas of support and resistance and the ones we like are:

Bollinger bands and moving averages.

These indicaotrs like trend lines should NOT be used to enter trades.

When buying dips to support or into selling resistance, you want confirmation that the levels are going to hold – before prices reach these levels you want confirmation of the turn in advance.

When price momentum turns above support or below resistance you can enter with increased odds of success.

The best timing indicator by far is the stochastic.

Look it up and learn all about it as it’s a great under used tool.

Another great indicator is the Relative strength Index RSI.

Combine the two and watch for confirmation on both and you have a powerful combination you can use to increase your odds of success.

They will give advance warning of a change in price momentum at support and resistance and when they turn in your favor you can enter the trade.

You don’t predict with the above.

You act on confirmation and this will increase the odds dramatically in your favor and increase your overall profitability.

This FOREX tip is obvious, but it’s surprising how many traders simply hope a level holds rather than looking for confirmation

Don’t make the same mistake always act on confirmation when trading FOREX.



Source by Sacha Tarkovsky

The Idiot’s Guide To The Best Forex Trading Education Secrets

Individual traders can earn substantial profits on the Forex market. Through research, effort and following good advice, someone can make a good return on their investment. When learning the basics of Forex trading, an investor must be able to draw on the experiences of other traders. This article offers a number of useful tips and guidelines for Forex trading education.

Track financial news daily to keep tabs on the currencies you are trading. Speculation is the name of the game, and the news media has a lot to do with that. Try setting up a system that will send you a text when something happens in the markets you’re involved in.

If you’re new to Forex trading, one thing you want to keep in mind is to avoid trading on what’s called a “thin market.” Thin markets are those with little in the way of public interest.

Sometimes changing your stop loss point before it is triggered can actually lose your money than if you hadn’t touched it. Just stick to the plan you made in the beginning to do better.

When people first start in the Forex markets, they often let their greed blind them, resulting in losses. Other emotions to control include panic and fear. All your trades should be made with your head and not your heart.

Research the broker you are going to use so you can protect your investment. Pick a broker that has a good track record and has been at it for five years.

Never let emotion rule your strategy when you fail or succeed in a trade. Vengeance and greed are terrible allies in Forex. You need to keep a cool head when you are trading with Forex, you can lose a lot of money if you make rash decisions.

Automated Forex programs and eBooks detailing fool-proof systems are not worth your money. Nearly all products like these give you an untested and unproven program. Ultimately, the only people involved in these transactions who end up any richer are the sellers. Instead of wasting money on possibly dubious products, spend that initial amount of money on a Forex trader who can teach you what you need to know.

As mentioned in the beginning of this article, information and advice from experienced traders is important for new and less experienced traders. The great advice in this article can benefit anyone who wants to learn more about Forex trading. A trader who is willing to put in the effort in Forex trading education and listen to advice can reap huge rewards.



Source by Greg Bukkosi

Forex Trading Education: Things You Should Know About Forex Trading

How difficult is it to make money trading the Forex market? How much time does it take to actually be able to make a living trading the Forex market? These and other important aspects of trading are to be discussed in this article.

Trading the Forex market has many benefits over other financial markets, among the most important are: superior liquidity, 24hrs market, better execution, and others. Traders and investor see the Forex market as a new speculation or diversifying opportunity because of these benefits. Does this mean that it is easy to make money trading the Forex Market? Not at all.

Forex brokers agree that 90% of traders end up losing money, 5% of traders end up at break even and only 5% of them achieve consistent profitable results. With these statistics shown, I don't consider trading to be an easy task. But, is it harder to master any other endeavor? I don't think so, consider musicians, writers, or even other businesses, the success rates are about the same, there are a whole bunch of them who never got to the top.

Now that we know it is not easy to achieve consistent profitable results, a must question would be, Why is it that some traders succeed while others fail to trade successfully in the Forex market? There is no hard answer to this question, or a recipe to follow to achieve consistent profitable results. What we do know is that traders that reach the top think different. That's right, they don't follow the crowd, they are an independent part of the crowd.

A few things that separate the top traders from the rest are:

Education: They are very well educated in the matter; they have chosen to learn every single and important aspect of trading. The best traders know that every trade is a learning experience. They approach the Forex market with humility, otherwise the market will prove them wrong.

Forex trading system: Top traders have a Forex trading system. They have the discipline to follow it rigorously, because they know that only the trades that are signaled by their system have a greater rate of success.

Price behavior: They have incorporated price behavior into their trading systems. They know price action has the last word.

Money management: Avoiding the risk of ruin is a primary subject to the best traders. After all, you cannot succeed without funds in your trading account.

Trading psychology: They are aware of every psychological issue that affects the decisions made by traders. They have accepted the fact that every individual trade has two probable results, not just the winning side.

These are, among others, the most important factors that influence the success rate of Forex traders.

We know now that it is not easy to make money trading the Forex market, but it is possible. We also discussed the most important factors that influence the rate of success of Forex traders. But, how much time does it take to have consistent profitable results? It is different from trader to trader. For some, it could take a life time, and still don't get the desired results, for some others, a few years are enough to get consistent profitable results. The answer to this question may vary, but what I want to make clear here is that trading successfully is a process, it's not something you can do in a short period of time.

Trading successfully is no easy task; It is a process and could take years to achieve the desired results. There are a few things though every trader should take in consideration that could accelerate the process: having a trading system, using money management, education, being aware of psychological issues, discipline to follow your trading system and your trading plan, and others.

Useful Ideas For Learning Forex Trading

Many traders make careless decisions when they start making money based upon greed and excitement. Consequently, not having enough confidence can also cause you to lose money. Work hard to maintain control of your emotions and only act once you have all of the facts – never act based on your feelings.

As shown in the beginning of this article, there is a huge opportunity for success for Forex traders. While learning, you will need all the reliable information that you can get to avoid any problems. Use the advice in this article to keep you out of trouble, while you are learning.

The best advice to a trader on the Forex market is not to quit. You will undoubtedly run into a rough patch eventually, but don't let it get you down. What differentiates profitable traders from unprofitable ones is hard work and perseverance. Sometimes it is hard to see around corners, but even the darkest of situations can turn around.

With this knowledge you can be more confident entering the Forex Robots market. You know much more than you did before. Hopefully you have found the tips in this article useful and were able to use them to get you started trading on the Forex market. Before long, you will be trading as a professional.

Consider other traders' advice, but don't substitute their judgment for your own. It is important to listen to the opinions of others and consider them, but ultimately you should make the decisions regarding your investments.

Never pick a time-frame in which to trade that will not work for you. You must be attentive to your Forex and should never do it when you do not have the time to spend. This is when mistakes are made.

Does currency trading sound interesting to you? Now is the best time to do it! While you may wonder how to get started, you shouldn't; this article will provide you with all the necessary information. Here are some great tips for your Forex goals.

Supplemental income can help make ends meet in tough economic times. Millions of people want financial relief. If you have been thinking that Forex may be the way to supplement your income, here are some things you should know first.

It may seem like it is you against the world sometimes when it comes to dealing with Forex trading. With the vast amount of information available online, it can be nearly overwhelming at first. This article will provide much helpful information for you to get started on the right path.

Network with other Forex traders. By joining some Forex Trading Forums , you can start to have discussions with other Forex traders who can share expertise, tips and tricks with you. Make sure that you do not waste other people time by asking questions that could be answered by conducting a simple internet search.

Don't think that you're going to go into Forex trading without any knowledge or experience and immediately see the profits rolling in. You are not going to become an expert trader overnight. The chances that you will accidentally stumble upon a previously unknown, yet winning trading technique are minuscule. Know best practices and use them.

The wise trader has a plan in place before he or she gets into the Forex market. Codifying expectations can help the trader determine whether or not they are getting what they want out of the Forex market. With a pre-set goal, a well-prepared trader can better determine if their efforts on Forex are effective or not.

A great tip for Forex trading is to work smart, not hard. To be successful at trading you need to be able to make the right decisions at the right time. It isn't about how hard you work or how many hours you put in.

When investing using Forex you should not use any money that is part of your typical budget. The last thing you want is to end up in the red when you are intending to invest and make some sort of profit. This will ensure that you can never lose, and can only gain.

If you are interested in finding new ways to invest some extra money you may have, consider the Forex market. There are many available charts, news and research websites that can offer tips and tutorials on how to get started, and invest successfully. Speculating on the fluctuation of foreign currencies can be very profitable.

Learn the difference between gambling and trading, to protect yourself. The Forex market can be dangerous for those with predilections towards gambling and addictive behavior. Learn the warning signs of a gambling problem like mood swings, obsession with the market and an inability to control your behavior. If you see these patterns stop trading and get some help.



Source by Artur Aghajanyan