Trading in Forex - Tips #1

To date, there are a lot of investors are making lots of money with forex trading. One thing is definite, not all of them are sharing the tips on how they do it. Today, trading in forex blog are happy to share list of tips to you!

This list is a fundamental tips on how to avoid pitfalls and start making a huge sums of money with your forex trading.

1. Fill your brain with knowledge - It is important that you, as an investor in forex, understand the fundamental of trading in forex. This is an essential factor, if you want to make money in forex because without knowledge, you will definitely digging your own grave. The main factors to consider in forex is news and events. The potential in the forex market is in the volatility, not in its tranquility.

2. Trade currencies, not pairs - Success in forex is about the relationship of the currencies, how they'll impact each other, look at both not one.

3. Trade in long term - If you are aiming to make more money in forex, do not trade in short term basis.

4. Do not try to be a genius - Trading in forex require simplicity, don't make yourself a complicated investor, successful investors that I knew always kept things simple, they don't analyse everyday or research into the very details, but their results are just excellent. Warren Buffett once quoted - "I only do the things that I knew".

5. Forget all the technical stuff - Remember what Warren Buffett said about investment, downfall is an opportunity, so buy when the market is down, and sell when the market is high - simple!

Stay tuned for the next tips on the next post!