The downside to buying and selling currencies using Forex is that you take on inherent risk with your trading activities, but the risk is even larger if you don’t understand forex trading. This article contains a number of tips that will help you to trade safely.
Don’t use your emotions when trading in Forex. Allowing your emotions to control your decisions will lead to bad decisions that aren’t based off analysis. It’s fine to feel emotional about your trading. Just don’t let emotions make your decisions.
You should have two accounts when you start trading. One is a testing account that you can play and learn with, the other is your real trading account.
Note that there are always up and down markets, but one will always be dominant. Selling signals are easy to execute when the market is up. Use your knowledge of market trends to fine-tune your trades.…