Thursday 19 January 2012

How To Become A Top Forex Trader

Forex is a way to make money based on the fluctuations of currencies. This practice can bring in extra income or possibly even become a full-time job. Before buying and trading on forex, make sure that you have gained enough knowledge about how it works!

Use risk management in your trades. You should know how much of a loss you can tolerate. Never change a stop-loss once you have set it. You can lose big money in the blink of an eye if you do not think about what you can afford to lose. Learn to recognize a losing position and how to get out and stay ahead.

You are not required to buy any software or spend any money to open a demo forex account and start practice-trading. You should be

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