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Getting Started In Forex The Right Way!

By : Dean Saunders
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Almost all new traders coming into the forex market have one thing in common, they want to make a lot of money and they want to make it fast!

This is the most important thing to get out of your head, I'm not saying you cant make a lot of money trading forex but I can assure you it doesn't come easy.

The first thing you should do is decide what your first target will be. If you currently earn $3000 a month at your job then you may chooses this as your monthly target in order to start trading for a living. It is very important to always have a realistic target in mind and focus on achieving it.

Once you have a clear target in mind its time to create a trading system and plan. The most important thing you have to remember at this stage is to keep things simple. The simplest systems succeed, weather you simple buy/sell at breaks of horizontal lines or at 00's just keep things simple.

The following are two things you simple must have in order to succeed in the forex market.

Discipline You must develop the discipline to follow your trading system every day without fail, deviation from your rules will result in you making mistakes that will move you further away from your monthly goal.

Money Management Keeping your risk as low as possible when you are still learning is essential but you should never risk more than 3% of your account on any one trade. Remember that your stop loss is only there for protection, you do not need to wait for it to be hit if a trade is not going in the direction your anticipated then close it straight away, you can always reenter again later.

Follow these simple points and you will stand a far better chance of success than the 95% of traders that loose their account in the first 3 months.

About the author:
Do You Want To Make Consistent Money Trading Forex? Dean Saunders has created the *Ultimate* FREE forex trading system that has helped 100's of Forex Traders become profitable. Click Here and grab your FREE copy of Dean's amazing trading system!


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