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1. 8 FOREX Trading Tips to Live By
as an Investor
By Glenn Hong, Owner of Billionaires in Training
(IMPORANT DISCLOSURE: Trading or investing in general carries a high
degree of risk and may not be suitable for all investors. There is a possibility that
you could lose all or more of your initial investment. This high degree of risk
can work against you as well as for you.)
Source:
http://beanentrepreneurtoday.com/principles-
trade-forex-online-yourself/

2. Introduction
• FOREX Trading is the global currency exchange market
where currency from different countries are constantly
being traded on a daily basis.
• Top-notch discipline and consistency is required in order
to become a proficient investor.
• Through the power of the world wide web, FOREX
trading is now a reality for INVESTORS LIKE YOU.

3. Forex Trading Tip # 1 – Use a Reputable
Broker
• Good brokers will have all the required
tools, resources, news feeds, and trading platform to
trade efficiently and effectively.
• Use online brokers and CONDUCT YOUR OWN
TRADES. Open a free demo account before you
decide to fund a real account with actual money.
• Ensure that your online broker has easy access to
customer service AND it’s 24/7. When it comes to
your money, this is an important key.

4. Forex Trading Tip # 2 – Start Small with
your Trades
• Never risk more than a fraction of the money you have
to invest. For example, if you had $1,000 you should
only trade with $50-$100. (The way to succeed in
FOREX is to gain slow small consistent profits over
long periods of time).
• Don’t put too much on one trade or you can risk it all.
• FOREX Trading is unpredictable, the smaller you place
your trades the better it is for you long-term because you
retain more of your investing capital.

5. Forex Trading Tip # 3 – Properly Plan and
Strategize
• Make sure you have an entry AND exit strategy every
time you enter and leave a trade.
• Stay Updated on Daily News Trends and do your due
diligence before you buy or sell any type of currency.
• Set up a system to diversify your trades ONLY IF you
have a clearly defined edge and advantage.
• Strategically budget and manage your investing
capital, risk management is one of the most important
elements of properly setting up a plan into place.

6. Forex Trading Tip # 4 – Understand Risk
Management
• Understanding Risk Management consists of
KNOWING when your entering a trade, when your
exiting a trade, how much money your willing to invest
in a particular trade, and how much money you can use
to invest, in general.
• Risk Management is about sticking with your
commitments and following through with each limit you
set in place.
• Without proper risk management, your INVESTING
CAPITAL IS AT RISK.

7. Forex Trading Tip # 5 – Select the Right
Tools
• Having the right tools to assist you in your investing
endeavors can help you maintain efficiency AND create
more profits.
• The most VITAL tools for a FOREX investor is an online
trading platform, a technical analysis chart, and
news/resources to gain insight into global activities that
can effect the currency rate. A good broker will have all of
these and much more.
• There are many tools created to help skilled FOREX
traders gain consistent profits, see the end of the slide for
the links.

8. Forex Trading Tip # 6 – Take Everything
one Step at a Time
• Patience and diligence are the two key factors you’ll need
in order to stay AND remain profitable in this volatile
market.
• Consistently be open to learning. There is a lot to learn
about the world of FOREX trading and it can take years to
master.
• Don’t ever get ahead of yourself and jump to buy/sell a
particular currency just because you see something on TV.
Follow up on your research, do your due diligence, and
make sure your confident about any decision before you
put your money at risk.

9. Forex Trading Tip # 7 – Don’t be an
Emotionally Driven Investor
• Emotions will cause you to lose a lot of money when it
comes to investing.
• Fear and Greed are the two primary driving factors, to
learn to control these emotions you have to re-program
your mind by creating a strategic plan AND sticking to
it.
• An investor knows when to get in and when to get out, a
gambler is speculative and doesn’t know or follow risk
limits. Be the investor.

10. Forex Trading Tip # 8 – Research and Do
your Due Diligence
• This is the most important tip and step to FOREX
trading. News and global events AFFECT the way the
FOREX market reacts.
• Due diligence and research doesn’t guarantee you won’t
lose money, BUT it does increase your odds of
GAINING consistent profits while REDUCING your
overall risk.
• The internet is a great 24/7 source to get up-to-date live
scoops on global events and economic news update that
can effect the market both positively and negatively.

11. One of the Best Online FOREX Brokers – eToro, a Web 2.0 Social Trading Platform
U.S. Patented Automated Forex Trading Bot – Forex Striker
For more information please visit:
http://beanentrepreneurtoday.com
To Contact B.I.T. Billionaires in Training please visit:
http://billionairesintraining.com