Devinvalla

If you move your stop losses prior to them being triggered, you could lose much more than if they just stayed where they were.

Following an established plan consistently is necessary for long-term success.

If you're new at forex, make sure you start with a mini-account and don't play with too much money.

Allow for a learning curve so you can learn the market and minimize your losses when you're just starting out.

Watch out for the political factors in your forex analysis.
You can rather easily predict the financial situation of a country over the long term, but the political world is unpredictable.

By reading the tips above, you should be able to spot a sound trade when you see one.