Before you start trading in forex or commodities, you need to first learn about the basics of money management. First and foremost you need to have a clear understanding about the system. Before investing in this high risk business, you should take a well calculated decision about how much money you can afford to lose while learning this system.

Forex and commodity trading is a high risk business. You should never attempt to invest your full savings in this business from the beginning. Instead first learn the system with practice account. Most of the providers offer practice accounts for the new traders. You can do mock trading in such accounts without investing any real money.

You can learn secrets of trade by practically involving yourself in the business. Most of the new traders do the mistake of thinking forex business as gamble or jackpot. Please understand that though the profits in this can be huge sometimes but it is definitely not a gamble. It is business which is directly affected with demand and supply. There could be several factors influencing on price rise or price fall of currencies and commodities.

If you truly want to be successful with this business, you need to first plan your system. It is in your best interest to seek services of some mentor or expert who can guide you through while you master the system. It is very easy to lose money in commodity and forex business. You need to be extremely cautious while entering into any trade. Never try to guess the market movement through your gut feeling. You should have a technical reason for every trade you open and close.

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