Understanding The Forex Market

Let me start by telling you the characteristics of a successful trader.Adequate trading knowledge and understanding.You should seek services of good quality mentors and a trading coach.
Adequate capitalization,don't be fooled that you can earn thousands every week for doing nothing.Set realistic goals,don't expect too much profit each month.If only you have 150-320 pips in my own opinion is very very ok.Have patience,don't trade if you don't have to.You should wait for a set-up according to your trading plan and system.Have discipline to follow your rules.And lastly and most importantly is having a Trading System and a Trading Plan virtually 90% of traders don't have!If you read advices from the world's most successful people or traders today,you will notice that they follow the guidelines i have identified above so let's start step by step.
Adequate Capital:Find an excellent trading platform that has an excellent customer service.You can easily open an account with just $100.
Set Realistic Goals:For a mini account could turn to $400-$600 in the first month.While you expect to double or even triple profits in the second month.For a standard account you can have higher earning potential.$150-$320 pips in a month is a big money,that could be a whooping $3,000 in your first month.You can actually make more than this.But i've taken the risk factor into consideration.Not so many people have a large heart for taking risk.
I don't want you to start with a $10,000 goal in your first month at least.By your second month you can then increase your earning with peace of mind.For more information Click Here!