How not to lose money in Forex?

This is the question that should begin every Forex trader. Here are some rules:

1. Start with a mini account and a mini lot. Why? Each newcomer feels like to get the first benefit. He feels many conflicting emotions, but most importantly - on the market involve real money, and nobody wants to lose real money.

It is important to pass the first test without loss. You should not take risks at the beginning. Important: with a score of less than $ 500, you should trade at a ratio no greater than 0.01 the lot.Otherwise, there is a 95% chance that you will lose your first deposit.

2. Develop a system of their trade. Not just a system but a system that would eliminate all erroneous values of opening and closing positions, the stop price, etc. Do not use just intuition. Do not perform any operation only because it is doing everything, or because you just think this is correct. To polish your system, take months, but if you managed to create a perfect system, it adds a ton of confidence in your business.

3. Keep trading only during the hours of activity on the online Forex trading currency. Despite the fact that Forex is working around the clock, the most active hours of work - from 3 am to 5pm at the time the United States. At other times, you are unlikely to be able to earn a lot.