Preparation before entering forex market

Here are some tips and guides before you can enter the real world of forex especially for newbie.

1. Continuous learning and try to understand the basic fundamental of forex before start trading in real account. Continuous learning also mean you will never give up although keep losing your money. To gain more knowledge about forex market, new trader must always follow the trend of the market from any forex forum or website that gives such good information such as www.dailyfx.com and others.

2. Keep practicing using forex demo account. Frankly speaking, YES you will never fill the same as you’re trading in real account, but this is the only efficient method for newbie to learn and familiar with the characteristic of one currency pair before they can successfully trade in real account.You can open demo account for free here

3. Try to control your emotion while trading and remember that 90% to 95% forex traders often fail mainly because they cannot control their emotions while trading. My advice for forex newbie is try to trade only based on market direction and not just following your instinct. That mean, you must trade by following the signal created by the indicator. Trade like robots, without feelings and just following the signal. That the key. Your target is to get more profit than lose.

4. Self-discipline and try to familiar with one system / forex techniques before trying the others technique. 

-Matt-