Here  i am going to give you some currency basics and this involves 10 essential tips you must do and 10 tips on common mistakes which  everyone must avoid to enjoy success for  long term in currency trading.

So, here is the 10 common errors you should avoid.

1.  Day Trade : Don,t Think About It

It is not going to work as all short term volatility is random and prices can and do anywhere in a day and you have the odds firmly against you and will lose longer term.

Ever seen a day trader with a long term track record of success? No neither have I avoid it and trade longer term trends where you can get the odds on your side.

2. Try and Predict : Stop Dreaming

Predicting is simply hoping and guessing & dreaming  and won't get you so far - trade the reality of price change. No one knows the future and your predictions will end up as accurate as your horoscope ends often!

3. Useing Science: It Is Not A Formula

Don't believe anyone who tells you markets move to a scientific formula they don't - if they did why cann't they  know the price in advance and make money .In such case their would be no market .

Trading is a game of odds & evens - not certainties but you can win if you know and trade the right one. You won't win every trade but over the longer term you can pile up huge FX profits.

4. Don't Scared To Loose  Money

If you can't afford to lose stay away, forex markets are extremely risky and if you are worried about losing your discipline will break down and you will lose

5. Following a guru blindly : Use Your Mind

To follow a forex trading system you must have confidence in it and know how it works or you won't be able to follow it with discipline - if you can't follow it with discipline you have no system at all.

6. Don't  Completly  believe experts

News stories are convincing - but that's all they are stories from journalists and as their habbit  they normally write wrong about every major market turning point. Don't believe everything you read!

7.  Buying  low and selling high :Not such a brilliant key

Great theory - doesn't work, it means you must predict again where highs or lows will form.

The fact is most major market moves start from new market highs NOT market lows. you should learn to buy these breaks as the odds are in your favor and you normally see huge trends develop if, the breakout is from a valid resistance level.

8. Complicate your trading system
Simplicity is best and can be used every where.
Simple systems work best, as they are more robust in the face of brutal market conditions - over complicate your forex trading system and it will have to many inputs - which will break.

9. Try to Acquire Knowledge for the sake of it

You will often hear that  the more knowledge you have the better - but in forex trading you need just the right knowledge.

You don't get paid for work rate you get paid for being right and that's th funda.

10. Never overtrade

Most novice traders simply over trade and lose. They think the more often they trade with their forex trading system, the more chance they have of winning or if their in the market their bound to catch a major move - dead wrong.

You are not going to get a reward for trading often so don't - only trade high odds set ups and be patient and wait for them.

 keep the above points firmly in mind, if you want to learn forex trading correctly .
Also  these are all errors to avoid to  enjoy forex success.