Chapter 20
Ten (Or So) Golden Rules for Currency Trading Beginners
IN THIS CHAPTER
Learning lessons from others to minimize beginner mistakes
Having a few currency trading strategies in place
Using simulated programs and small trades to help yourself succeed
Currency trading can be a great pursuit, but it pays to learn from all those who came before you as they went through the school of hard knocks. Beginners, more than any other group, need solid, proven parameters to help minimize losses and maximize gains. What better way to end this book than with a batch of ideas and strategies to help beginners start off their currency trading the right way.
Read, Read, Read
There are many great posts, tutorials, online courses, and video programs on the basics of currency trading. Many beginners’ resources are listed throughout this book and in Chapter 19. Additionally, whatever brokerage platform you trade on will have educational tools and resources to get you ready for your trades.
Simulate Trading First
Unlike years ago, today’s internet-driven world gives you the opportunity to do simulated trading, allowing you to get comfortable with currency trading (or any trading) without ...
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