Since it
involves currencies exchange and international trading, joining foreign
exchange or known more as Forex, needs its participants to do many
things. Although it offers a huge profit, not all participants
successful do this kind of business. The most common reason of the
failure is the ignorance toward the process
PreparationPreparation is the key step which determines final result. The most important factor to be prepared is the financial things. We need to make sure the security of or finance, so we will not suffer from losing money.
Planning
The critical step in Forex trading is about planning. We will just lose our money without any plan. The plan here involves the vision, goal and strategy of trading, which need to be planned to achieve a good result. These three important visions can be ignored at all, if we do not want failure.
Perfection
The next step is Forex trading demo. This step is to give a chance for us to see the weak point of our plan and fix it. We can also forecasts possible failure and prepare solutions. In short, this step is to give perfection on Forex trading plan.
Performance
After plan perfection, now is time for the real Forex trading. To start it, we can use small amount of money first. One of the most important things to keep is our emotions, since trading involves money. Stay calm so we will not make any reckless decision when a problem comes up.
Prosperity
Finally come the time for us to earn more money. Things that should be kept in Forex trading are our emotion and wisdom to avoid possible danger. Also, we need to be persistent and not afraid of failure.