The potential for huge profits exists in forex, but 90 percent of all new traders lose money, and it’s important for you to do your homework so that you can be in that 10 percent. That’s where the demo account comes in. Use your demo account wisely to prepare yourself for every possible scenario that might happen once you begin trading for real. Use the tips that are discussed in this article to solidify your Forex knowledge, so you can start trading with confidence.

Thin Markets

Thin markets are not the greatest place to start trading. Thin markets are markets that do not have a great deal of public interest.

Don’t start from the same position every time, analyse the market and decide how to open. Some traders do this, and they often use more money than they need to. You need to form your strategy and position based on …