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These are some just rules you can do to avoid being in that 95%. Remember also that in Forex you have the choice to work 24 hrs. so you need to know what schedule is the best for you. Although in Forex you have the help of the Expert Advisors (Forexmegatrion), that can be use in Metatrader4 and do all the work for you. Forexmegatrion can work 24/5, without any emotion and really help you to achieve your goals.
Trading in the markets has a venue for everyone. If you are willing to exercise discipline and patience, and willing to learn from triumphs and failures; trading can be a very enjoyable and exciting hobby, or possibly even a full time occupation. I encourage those who are new, to step out into the unknown to give trading a try, but above all, have fun and leave your emotions at the door.
If you start your free demo account you will receive access to 30 days of live graphics, live currencies, live charts and megaforex signals for free. When you open your live account you will still receive your megaforex signals, as long as your account is open. Take advantage and learn how good it feels that your money is working for you.
For more information go to: Fx-Megaforex or Forexmegatrion.
2. Compare Brokers. You can do it by checking out in the Internet.
3. Open demo accounts and ask questions: If you are willing to invest money you should be sure you are doing it in the right place. So open a practice account, and ask questions to make sure you are making the right decision.