1. Do your research. Forex is probably the easiest market for anyone to start trading in. But that doesn’t mean it’s easy to actually make any money trading. You have to do your homework, decide how you are going to trade, and stick with that.
2. Have realistic expectations. If you want to get rich overnight, this isn’t the place for you. Forex trading can be very lucrative as an extra or even primary source of income, but it takes time to learn and you probably will lose some money starting out.
3. Don’t gamble, create a system. Are you following a proven system or just jumping from one hot item to another? Well planned and tested systems are the only way for most people to make money in the markets.
4. Follow your system! This is probably harder than the time and effort required to create one. You should make it as easy as possible for yourself. Either use someone else’s system that you can auto-trade through your broker or set up software that will tell you exactly when to buy and sell.