Success on Forex is a very ambiguous phenomenon. Most of those who have tried their forces in trading consider this to be completely hopeless, but a certain part of the players make very serious successes in this field, and Forex has become the main means of making money for them. So it is quite realistic to succeed in Forex, the main thing here is accounting and unquestioning compliance with the most important rules, which the further narrative will lead about.
Frankly, then at the moment reliable brokers can be counted on the fingers, so you should not believe everyone who came across to you in the way. Therefore, in your choice, one should start, first of all, from the time of the existence of the project: the longer a longer story it has, the more trust deserves. And fraudulent offices usually close extremely quickly.
The main baggage of knowledge for the success of Forex is no less significant. After all, probably entering a new field, you will need the most detailed information about him. Also here, first, you need to fully inquire about this undertaking. About how Forex works, what are its basic principles, what methods of analysis exist and so on. As for material investments, they should be performed only after you have gained some experience with the assistance of a demo account. Until this period, the contribution of real cash is the undertaking practically doomed, which will not help you achieve success on Forex.
No need to rush and rush, always try to figure out the situation as deep as possible. Lead regular market statistics, draw certain conclusions for yourself, try to most clearly predict the nearest possible prospects. Your success on Forex should not take shape from accidents, but from the laws that you have revealed thanks to your experience and knowledge.
Do not let the excitement or fear you hide in monetary matters, strive to own your emotions. Typically, during the transaction activity, many wrong steps are made, and that they did not happen, already at the first stage, two orders should be written out: Stop Loss and Take Profit. The first of them is a limit for losses, and the second to win. And if your deal reaches this or that indicator, it will close itself. Typically, it is these factors that often turn out to be true and help to succeed in forex. But you should also learn to navigate the market. When a large wave occurs and the position is unstable, it is better to wait for this moment and enter the market with a calmer situation.