Trading Forex, or any other financial instrument for that matter, requires learning. A lot. You need to acquire new skills, continually research market conditions, learn how to analyze trends, evaluate your trades, etc. There are hundreds of courses available to teach you the technical aspects of trading, but the following 5 lessons, are those learned by traders the hard way, with experience, with winnings and losses. These are the things you won’t find in a text book. Trading Forex can be one of the most exhilarating and emotionally consuming things you can do while keeping both feet on the ground. The rush you’ll get every time you open a trade and win or the low you’ll experience when having a loss can be energy draining and trying to control your frustration, fear and greed can be difficult. Be prepared for the emotional rollercoaster. You cannot control the market. The Forex market sees over US$5.3 trillion traded each day and it is impossible for one person to cause an impact. Trading Forex however is not about changing the current, it’s about riding the wave. Greed can break you. Greed can be a great motivator, but when a trade is going in the right direction and you refuse to cash in thinking the trend will continue to benefit you so greatly that you will be set for life, greed can turn against you. Be patient. A trend may move in different directions before stabilizing and settling. As long as you have determined your worst/best case scenario and calculated your risk by establishing a Stop Loss and Take Profit points, you shouldn’t fret by seeing the market swing back and forth. Take some risk. Trading Forex is a risky business by nature and while there are ways in which you can cover your behind, avoiding risk entirely is impossible. Unless you don’t trade, which makes this a moot point. If you are trading however, don’t be afraid of a little (moderate and measured) risk. Yael Warman Yael Warman Yael Warman is a creative writer with a strong background in marketing and advertising. Yael has been a writer for over 10 years and has worked for clients in various industries as well as her own companies and is currently the Content Manager at Leverate. View All Post By Yael Warman Basics & IndustryForex Basics share Read Next Swiss Franc Gains Momentum Below Parity Guest 7 years Trading Forex, or any other financial instrument for that matter, requires learning. A lot. You need to acquire new skills, continually research market conditions, learn how to analyze trends, evaluate your trades, etc. There are hundreds of courses available to teach you the technical aspects of trading, but the following 5 lessons, are those learned by traders the hard way, with experience, with winnings and losses. These are the things you won't find in a text book. Trading Forex can be one of the most exhilarating and emotionally consuming things you can do while keeping both feet on the ground.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.