If you read the statement that 'Forex is easy,' you should not believe it and throw away this thinking from your head. The result of statistical survey states that 90% of beginner traders experienced loss. And only 10% are able to use forex for a living (trading for living).
The easy is how to play, but it’s difficult to win / profit. You have to dare to sacrifice time, even you must sacrifice the money in the beginning so that later you can really become an expert. You should test your abilities in a long time range, 1-2 years so your trading method was really tested and proven.
Some tips that may help you in forex trading:
1. Demo Account: Demo account / virtual provides an opportunity for us to real trading but using virtual money. So you can use it to test the ability and methods you will use to your profit in real trading with real money. And be sure to test it in a long time span of 6 months to 1 year. Just to make sure you really get the skills you need to succeed.
2. Learning: There are many methods of analysis used in playing forex. Generally the technical and fundamental analysis. So the second study was good science through books, forums, seminars, e-books, or to the people who are more experienced in that field.
3. Personal trading styles: After you read the articles (web / forum / etc) you will be confused by the many kinds of trading styles. This is reasonable because the style is highly subjective in different people. So grab a suitable one with your style (time, risk ratio, emotions) and then test and evaluate those styles. Until you find a style that is suitable for you to play forex and of course bring in profit.
4. Community: Try to build a community (friends) so you can exchange information quickly about forex. This will speed up your learning.
5. Do not be a gambler: People gamble often rely on 'feeling' and 'emotion', if this is a feature of your style, you better not trading forex. You will lose in the end. You must know, you should not be emotional, you have to be discipline and you should be rational and can think clearly and having full self-control.
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