I often see Forex traders over trade their account. They may put on a few lots to start with, then they will put a few more lots on hoping that the market will come back for them. This Forex market tip can save you lots of money.

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I would like to start trading currency. I am just going to start with a small amount and see how it goes. This is all new to me so any tips would be greatly appreciated.
Thanks

Learn and read as much as you can. Then open an account and just do paper trades or mini trades until you are really knowledgeable and confident.

Read the free ebook below if you are really starting at beginning.

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I have a practice forex account, can you give me any tips on how to trade. Is it possible to try and trade within 15 minutes and give good guess which way market is going?

You can start by visit free Forex websites like http://www.babypips.com/

http://www.freeforexebook.org/

http://www.forextopten.com/

And keep practicing on a demo account until you're making solid profits.
Good luck.

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many broker place a lot of tips on how to make money on forex. but my question is who is when everybody is winning trade who is lossing? they claim to get there gain from different in tips but i dont believe them. i opened account with two forex in the past but i never understand how the account run down.i traded on demo for along time and i never loss .I like to trade forex but i dont truth any broker.since forex is a zero sum game i know no brokers will allow is company to run down they must find away to save it either good or bad,with all the winning tips on there site i dont think they pray any one should win.this is my opinion i my wrong or right pls tell me?

No broker knows whether any thing is going up or going down. Most of them look at charts and recommend that you follow a trend, but even if they are right, nothing goes straight up or straight down, so even if you buy something that is going up, it will have down days which might result in a margin call and you might be forced to sell.

I suspect that a lot of brokers tell half their customers to buy and tell the other half to sell short. That way they would be right half the time but woud get commissions all the time.

T Boone Pickens made seven billion buying oil futures. But when oil peaked out he hung in there and lost several billion.

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For the forex traders out there – how do you cope with a missed trade? Earlier this evening my system fired off a signal which I was not able to act on because I had emotional doubts about it (it just didn't "feel" right). The price shot a hundred pips in the direction which the signal said it would.

I'm kicking myself in the b***s right now.

How do you cope with this? As a trader, what are some of the things you do when a painful thing like this happens? I know a lost opportunity is a lesser evil compared to lost capital, but it still hurts like hell.

For the seasoned traders out there, any tips or advice? Lost opportunities like this happen all the time, right?

Thanks.

The best way to cope with a missed trade is to simply catch the next one.

Keep in mind that there will always be plenty of money in the market waiting for you. There is no urgency to catch every trade.

Learn from the past and apply to the future.

Cheers,

Paul

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try this site

http://www.forex.com

they give you a free practice account

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