If you have been studying online forex trading for while
, then you know that there is a lot to learn. You have probably taken many courses and have assimilated a lot of information. This information cannot just sit, it has to be understood and applied.
It is not like school where you absorb useless information and spit out for a test, this you actually have to know and use. Because the more you know, the more successful you will be as a Forex trader.
One of things you can do is to get practice software for trading forex. You should try out a lot of different ones, especially if they are free. Use them for their trial period and see how they work. This is the perfect time for you to measure how successful your trades will be. This is actually a vital step in your repertoire.
With your practice trading software you will be able to enter actual trades, but you will not be using real money. You should use the software and tell you get a feel for how the market works and how your software works. Your success rate should at least be at least 80 to 90% with this practice software. Once you reach that level of success, then you would start to accumulate money for your Forex account. The key is to remember that you have to consistently have 80 to 90% success rate or you will lose your money when you start trading.
The Forex market is complicated and requires a lot of study. It can take months or even years for one to really get it. One of the things that you have to do is to get trading software and practice on. Once you consistently reach a high level of success in your trading, only then can you use real money and start trading for real.