I'm going to take the time to talk to you about the forex currency exchange and how you can make money in this market. This is the planets biggest market on the world with trillions being traded each day. This usually excites people to join this market because they know if they got a small sliver of that pie, they'd be rich. It's this usual "get rich" attitude that causes people to fail. Brokers release general statistics all the time and time and time again it shows that 95% of traders are losing money. Don't let that get you down. Success isn't a statistic. I think of it like getting my black belt. 95% of people won't get it because they don't want to put in the time and effort, but if you're willing to put it in you'll succeed.
If you've been told the benefits of the forex currency exchange, you were probably told you could trade at all hours of the day. That may of appealed too you, but the fact is that at low volume times it can be quite risky. The reason is that during these times there isn't very much trading going on. Foreign banks will make huge trades at this time that will cause a massive fluctuation in the price of a currency. This could easily destroy your trade.
Another important thing to get under control is your emotions. The fact is that your an emotional person by nature and it's used to help you survive. The problem is that these emotions will come out while you're trading to "protect" you from losing your money. The problem is your emotions aren't really based for forex trading and often get you doing the wrong things. Just stick to logic and the evidence you have available.
