Open two separate accounts in your name for trading purposes. A real account and a demo account which you can use to test out different trading strategies without risking any money.
You should avoid trading within a thin market if you are new to Investing trading. A market lacking public interest is known as a "thin market."
Dual accounts for trading are highly recommended. One account can be for trading, but use the other account as a demo that you can use for testing.
Use everything to your advantage in the Investing market, including the study of daily and four-hour charts. Because it moves fast and uses fast communications channels, Investing can be charted right down to the quarter-hour. Be on the lookout for general trends in the market, however, as many trends you spot on short intervals may be random. Use longer cycles to determine true trends and avoid quick losses.
Traders use equity stop orders to decrease check this link right here now their trading risk in Investing markets. Also called a stop loss, this will close out a trade if it hits a certain, pre-determined level at which you want to cut your losses on a specific trade.
Don't base your Investing decisions on what other people are doing. Most people never want to bring up the failures that they have endured. Regardless of the several favorable trades others may have had, that broker could still fail. Do what you feel is right, not what another trader does.
Practice makes perfect. Practicing will allow you to get the feel for the inner workings of the Investing market without risking actual currency. The internet is full of tutorials to get you started. Try to prepare yourself by reading up on the market before making your first trade.
You should put stop losses in your strategy so that you can protect yourself. Rely on your gut and any technical knowledge to help guide you as a trader to learn what to do. To properly use stop loss, you need to to be experienced.
Now, you need to understand that trading with Investing is going to require a lot of effort on your part. Just because you're not selling something per se doesn't mean you get an easy ride. Just remember to focus on the tips you've learned above, and apply them wherever necessary in order to succeed.