Tips From A Professional Forex Trader

Trade only with the money you can afford to lose. Never trade emotionally or when stressed over debt.
Start with a Demo Forex account to get practice in the executions and the different software functions necessary to ensure smooth trading.
The forex market is not a casino or a lottery! You should never depend on luck, but on sound investment strategies.
Analyze both your successes and failures. Keep a dairy of all your transactions. Review it often and learn from your mistakes.
Adopt a very strict policy on the limit of losses you are prepared to accept from a trade. These limits should be between 3-10% of the balance of your account.
Mistakes and losses are common and necessary when trading in any market. The sooner you learn to how and why you lose, the faster you will be able to earn money. Do not you blame yourself or others, and even less the market.