7 Steps To Making Money Through Forex Trading

7 Steps To Making Money Through Forex Trading #1 Determine Your Personality – Take a look at yourself and note your own personality traits. Don’t lie to yourself. Examine your strengths and your weaknesses, then match your personality to your trading This... More

7 Steps To Making Money Through Forex Trading #1 Determine Your Personality – Take a look at yourself and note your own personality traits. Don’t lie to yourself. Examine your strengths and your weaknesses, then match your personality to your trading This is perhaps the most important step of all. Get it wrong and you will pull out quickly. #2 Learn The Basics Of Forex – Get yourself familiar with all trading terms Leverage, Risk Management Basics, Stop Loss Basics, Lot Size, Moving Averages, Forex Quote, Currency Pairs and more… #3 Find A Forex Strategy based on your personality deduced from #1. #4 Choose A Good Regulated Broker. #5 Open A Demo Account & Practice Till You’re Comfortable With Trading #6 Ensure Have Enough “Risk Money” – Cash is the fuel needed to start trading and without enough cash, your trading will be hampered by a lack of liquidity. But more important, cash is a cushion against losing trades. Cash cannot come from sources that you need for other important Less