Forex trading has a huge profit potential. But it do require hard work along with smart work. Most of the traders lose in stock market. If you are smart enough then you can definitely make money but with time. But before stepping into the real market , you need to follow some rules to become a professional trader and get benefit.
Market psychology: Try to understand market psychology and moves . More you understand the market fundamentals , the more chances of gain in the long run.
Have a Grip on Fundamentals: Before making an investment try to understand every single aspect of Forex market, instruments and how it works.
Motive behind trading : People are fascinated for Forex trading due to its profit making potential but you need to clear your goal whether it's a hobby or you want to opt it as a profession then trade accordingly.
Try demo account: Before making real investment, practice at least for 3-4 months. Don't think that you are wasting your time because it is kind of grooming you for Forex Trading.
Be realistic : Don't expect higher returns in a couple of months. You should have realistic expectations and only then you can succeed in this Forex world.
Don't let your emotions overrule :- Don't place your trade based on instincts. Be sure. Also when we lose money we become more emotional and invest more money in order to get the lost money back. But it is the time we need to be more careful and should act as a disciplined Forex trader to avoid such type of emotional trading.
Practice will make you Professional.😄