I wish I knew some of these forex tricks back when I started to trade on the forex market. In order to get a good picture about what you should and should not do when you begin your journey, let me tell you some of my experiences. I decided to start trading forex with very high expectations. As many promotional videos say, I wanted to make ten times the initial amount in several months, then multiply it again until I had enough to buy a house, the car of my dreams and enough money to live my life as I pleased in a couple of years. Where did that get me? Nowhere! In fact, I panicked and managed to wipe out my account in a couple of months. So, what�s the trick here? Have realistic expectations! To become an expert in forex you need lots and lots of practice. Experience and that feeling that we have when something is really familiar to us, named intuition, won�t come to us from the first month, maybe not even in the first year. You need to be patient. Just think how many years a professional needs to develop a career and become successful. You need time! But the good part is that once you get there, you will meet your own wildest expectations. When I first started trading forex, I didn�t know anything more than looking for the good news and sell, then wait for the bad news and buy. I was sometimes right and sometimes wrong. At one point I was so wrong that I wiped out my entire account. So here are some tricks I�ve learned since then: develop a strategy and use stop loss. Many people talk about developing a strategy to trade by. This is not just a trifle on their part. Perfecting a strategy and sticking to it, no matter what, can be a life (or account) savior. The only thing about strategies that you should be careful with, and this can be another trick, is to test them a period of time long enough for them to prove their truthfulness. Also, knowing when to stop is very important. Try to establish a stop loss that is good for you and stick to it. Don�t change it because you feel the trend will continue one way or another. Be faithful to your decisions and you�ll see that the positive results will become faithful to you in turn.