An excellent suggestion when participating in foreign exchange trading is to start off small. When you are a new trader, you do not want to dive in headfirst with large amounts of money. Instead, you must be a small trader for a year. At the end of that year, analyze your good and bad trades, and you can go from there.
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Emotion is not part of a forex trading strategy, so do not let worry, greed, or hope dictate your trades. Follow your strategy, not your feelings. Trading with your feelings constantly leads you astray and is not part of a successful currency trading strategy for making a lot of cash.
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