| Before you begin trading the currency market you | | | | possible for you. |
| need to decide what your trading style is going to | | | | 2. Do you suffer from trading anxiety - Traders are |
| be.Each trader trades differently than the next. Some | | | | subject to a lot of stress. It's very difficult to watch |
| like to trade a single time a day, some trade the | | | | your trade turn sour. The problem is that the |
| news and others use technical analysis, and some | | | | emotions this brings up in you may cause you to |
| choose to trade multiple times each day in what is | | | | make the wrong decisions and lose a lot of money. |
| known as day trading or scalping (scalping is a trading | | | | This is one of the main reasons why over 90% of |
| style in which positions can open and close within | | | | traders lose money in Forex. |
| minutes). | | | | When you day trade, you make more trades and |
| You will need to decide what your personal style is | | | | your anxiety is naturally higher. Be honest with |
| going to be and master it. | | | | yourself. If you have trading anxiety, make fewer |
| One of the most popular trading styles is Day | | | | trades each day. |
| Trading which, as I said, means making many trades | | | | 3. Do you like Forex - In order to make multiple |
| during the day. How many exactly depends on you. | | | | trades each day, to follow the market, and immerse |
| But is day trading right for you or is a different style | | | | yourself in charts and prices, you need to love Forex |
| the one you should choose? | | | | trading. It's okay if you don't. You can still make |
| To really find out for sure, you need to answer | | | | money. But you can't day trade. It will drive you |
| these 4 questions: | | | | crazy. |
| 1. Do you have enough free time - Day Trading | | | | 4. Do you have a day trading system - Naturally, you |
| requires you to spend many hours in front of your | | | | will need a solid trading strategy which is suitable for |
| computer screen and watch the charts. If you're | | | | day trading. If you don't, you will lose big. |
| busy at work or with other obligations this is not | | | | |