Making Profits With Forex You can make profits on forex if you use the most efficient trading strategies and take advice from experienced traders. This article sums up the best practices on the forex market. Goals and limits are the best way to stay in control of your investments. When you decide to place your money, write down your goals and your limits. Plan on keeping your investment until it reaches a certain value or for a certain amount of time. Minimize your losses by limiting yourself with stopping point at which you can get rid of your investment without losing any money. Once you establish these goals and limits, you should stick to them even if stress or greed are influencing you. A good broker is necessary to make transactions in a quick and secure way. Read reviews of different brokers and look for features you need. If you are new to trading, look for a broker with a good demo account and helpful training material. Ask other traders about the brokers they use and which ones they would recommend. Make sure you pay attention to the terms and conditions, and read small print carefully before signing up for a broker. You should probably avoid any broker that has not been in business for long or that is not popular. If you are new to forex, practice with a demo account.