Here are the top 7 things to do to have forex trading success:



1) Don't Trade With Indicators - All they are doing is taking up space. Find out how to trade with price movement, and you'll have a better idea of how to trade the market.

2) Use sound money management principles - The more conservative a trader you are, the better off you are going to be. Don't try to hit a home run with every trade, because it never works out that way. You've got to be prepared for the long haul, if you want to make it in this business.

3) Don't stay on demos too long - It's normal to trade on demos when you are first starting out. But you've got to cut the chord quickly. Trading with fake money cannot prepare you what its like when you're trading for real. There are emotions involved when real money at stake.

4) Keep your emotions under control - There as may traders with unbelievable potential. They can really take apart the market. But unfortunately they don't know how to control their feelings. The moment you panic, is the moment you realize you are not cut out for this.

5) Start off small. Do some mini trading - Once you got the demo trading out of your system, start off trading on a mini account. Chances are you aren't quite ready to play full lots (both financially and emotionally).

6) Keep the margin reasonable - If I were to recommend a margin ratio that you should use it would probably be 200:1. It's enough room to play with.

7) Understand how news moves the market - It's a forex trading certainty. The economy will always have news coming out, and you best be prepared for it, if you want to succeed. Too many people disregard this aspect of trading.