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You'll immediately find that it will make you think more professionally about what it really takes to make profits over a prolonged period. Having to record something will help to stop you from over trading or gambling. Learn From Your MistakesWhen you are trading in the world of foreign currencies, making mistakes is unavoidable. Sooner or later, you will slip up. Do not be afraid of this as it can teach you a valuable lesson. In fact, most of the successful traders found their edge through trial and error.

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Traders call this part of the market the 'wild west' it is full of pumpers, scammers, manipulators, and daytraders.

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In addition, since the Forex market is so liquid, waiting is not required for an uptick A transaction occurring at a price above the previous transaction before they can enter into a position as they are required in the equity market.

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It is for this reason that in 2010, the Commodities and Futures Trading Commission CFTC introduced new rules for U.

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So, as a way to build your own thought and ‘feel’ the heart of a business, do NOT begin exchanging as well on 10 sets.