Making money in the forex market is also a function of learning that less is sometimes more
. Many traders make the mistake of sitting in front of their computer screen for hours watching their trades move or trying to over analyze a million different market variables. By defining all of your trading activity before you enter a trade you are putting the odds of making money trading forex in your favor. Most traders do the exact opposite however; they put the odds against them by not having a trading plan and adjusting their trading parameters on the fly, as the trade unfolds. Such behavior is simply not how to trade forex and make money, if you cannot accept the fact that you need to have a concrete trading plan that accounts for all situations you might encounter, you will not make consistent money in the markets. So, in order to make money trading forex, you must start with a defined trading plan, if you do this you will be well ahead of the competition.