It’s not a well known fact, but the Forex market is an extremely unique market, for several reasons. First and foremost you need no official training to trade the market, plus, you don’t have to learn a lot to start trading. The market is very special also by the fact that it’s up to no outer control or manipulations so it’s a fair chance to all, to just step in and start trading - no internal info, no running the stock price. The volume of trading is so big (over 1.5 trillion USD every day!) that no sole entity can affect the rates alone. In addition, traders in the market are able to execute trades (and close them) within seconds, because there are always a number of willing buyers and sellers. Plus:

1. Prices move by trends. There are certain movements that have been studied over many years in order to identify a pattern in the trend. These trends need to be understood in order to understand a good trading strategy. For small accounts that are $25,000 and under, trading with a trend may help improve your odds when compared to bi-directional trading. Most new traders will look to trade in any direction, when they should be trading with a trend.

2. For new traders it is safest to have two accounts to learn as you play the trading game. Keep one real account that you will use to actually trade real money. Have a second demo account that you can use to test alternative moves in the trading game. You can easily use your demo account to shadow the trades in your real account so you can see if you are being too conservative or not conservative enough.

3. Always examine the one hour, four hour and daily charts that concern your trades. You can trade at 15 and 30 minute time intervals but doing so requires a bit of juggling.