Mikemunday

Having an analytical mind is a great way to succeed in Forex, and luckily you can train yourself to think more systematically and logically about the market.
Take your time to go over the numbers.

Entering forex stop losses is more of an art than a science.
As a trader, remember to learn the correct balance, combining gut instinct with technical acumen. To properly use stop loss, you need to to be experienced.

Going against the market trend will work only if you can invest on the long run and have enough evidence showing that the trend is going to change.
If you are beginning, you should never try to trade opposite the market.

Adjust your position each time you open up a new trade, based on the charts you're studying.

Traders often open in the same position and spend more than they should or not a sufficient amount.

Forex trading is not simply looking at things on paper, but putting experience into action and decision making.
You need to learn to balance technical aspects with gut instincts to be a good trader.

If you are new to forex, begin by focusing on a single currency pair then expand as your skills improve.