How to make money from forex trading and 10 ways to avoid losing money in forex

In the Forex Market, you buy or sell currencies. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.

10 Ways To Avoid Losing Money In Forex:

1. Do Your Homework – Learn Before You Burn.
2. Take the Time to Find a Reputable Broker.
3. Use a Practice Account.
4. Keep Charts Clean.
5. Protect Your Trading Account.
6. Start Small When Going Live.
7. Use Reasonable Leverage.
8. Keep Good Records.
9. Understand Tax Implications and Treatment.
10. Treat Trading As a Business.
The worldwide forex market is attractive to many traders because of its low account requirements, round-the-clock trading and access to high amounts of leverage.