Make a forex trading plan

One of the best things you can do to ensure that you start trading forex successfully is to make a comprehensive plan before you even consider opening your first position.

The more information you include in your forex trading plan, the better. You should think about why you’ve decided to trade forex, plus what your goals are and when you want to achieve them. It’s also worth setting out when you’re going to be able to devote time to the markets, how long you want to keep positions open for, how you’re going to trade forex and more.

We’ll go into some of these in more detail in our other tips.

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