Forex Trading is the trading of different types of foreign currencies. It is a 24 hr. market in which many things change the direction of the market. It would be extremely hard for someone to figure out the market if they did not watch and follow the news and current events.
Learning all the things that affect the Forex market and the currencies change directions makes a big difference when trading. You need to know this to know what to keep your eyes open for on the news each day, and listening to other people talking will give you clues of what is going to happen so you can watch the market a little closer when needed. This alone will not make you an expert.
There are many trading strategies. You will need to pick out a trading strategy that you are most comfortable with and stick to it. When you learn something, then using it over and over and over again, will bring it to perfection. Once something works, why change it. Like the old saying “If it ain’t broke, don’t fix it”.
Trading courses and trading charts are a good help. Learn what the charts mean and how to follow the trading signals to the fullest. Trading signals may be the biggest help there is. They follow the past to predict the future. Studying them will help you get a feel of how the market runs under different situations.
Mini markets are Forex trading accounts also, only at a lesser risk level. It does not take as much to open a mini account. There are accounts that are 1/10th the size of a full account. The risk is not the same as with a full account. They are really great though for the beginner or for someone that does not have a lot of extra cash to put into trading in the Forex Market.