1. EXPLORE THE MARKETS

Be patient and study carefully the behavior of currency pairs and what affects them before making the

investment; it is an investment in time that could save you a good amount of money.

2. BUILD A PLAN AND GO AFTER IT

Creating a trading plan is the first and the most important step to raise the chances of successful trading

experience. You should place your profit goals, risk tolerance level, methodology, and evaluation criteria.

Once you have the plan settled, be sure that each trade you consider falls inside your plan. Keep in mind:

you tend to be most rational before you place a trade and most irrational after your trade is placed.

3. PRACTICE

The best way to feel free on trading Forex is without any of the risks. Test your plan in real market conditions

with a risk-free Exmp46 demo account. You will see what it is like to trade pairs of currencies while taking

your trading plan for a test drive without risking any of your capital.

4. FORECAST THE MOVEMENTS OF THE MARKET

For you to be successful, you need to be aware of market conditions and plan accordingly. Fundamental

traders prefer to take in consideration news and other financial and political data; technical traders prefer

technical analysis tools and other indicators to forecast market movements.

5. DO NOT RUSH, DO NOT LOOSE YOUR MID

This tip is a simple yet critical one that many traders miss: know your limits. So, pay attention to know well

how much you’re willing to risk on each trade. Keep in mind, never risking more than you can afford to lose.

6. KNOW WHERE TO STOP ALONG THE WAY

Nobody has the time to sit and observe the markets every minute of every day. You better manage your risk

and protect your capital by using stop loss and take profits mechanisms.

7. MANAGE YOUR EMOTIONS

Don’t let emotion get in the way of your plan for successful trading. When you have a losing trade, don’t go

all-in to try to make it back in one shot; it’s smarter to stick with your plan and make the lost back a little at a

time than to suddenly find yourself with two crippling losses.

8. KEEP IT SLOW AND STEADY

One key to trading is consistency. Educating yourself and creating a trading plan is good, but the real test is

sticking to that plan through patience and discipline.

9. CHANGE DIRECTION IN THE MIDDLE OF THE ROAD

Consistency is essential, don’t be afraid to re-evaluate your trading plan if things aren’t working as you

thought. As your experience grows, your needs may change; your plan should always reflect your goals.

Your plan should be adapted according to your goals or the changes in the financial situation.

10. CHOOSE 10CryptoMarket AS THE BEST TRADING PARTNER

Pricing, execution, and the quality of customer service can all make a difference in your trading experience.

Exm46 is a worldwide leader in currency trading and offers competitive pricing, excellent customer support

and helpful detailed guides and tutorials so you have a wide range of tools to start trading Forex.