To those who don’t know the details, Forex seems confusing. Forex is only bewildering if you don’t take the time to learn about it first. This article should supply you with information that should get you started with forex trading the right way.

Use leverage with caution. Using leverage can lead to large gains if properly applied, however, without careful study and tracking of trends you can leverage yourself into a hole. If you are a less experienced trader do not leverage greater that 10:1. This will allow you to gain without risking large quantities of your capital should the market turn.

If you are just starting out in forex trading, it is important to set up your account with “stop orders”. These stop your trades at a point when you start losing significant amounts of money, in order to limit your losses. Limiting your losses is important to make …