A Good Broker: Brokers are probably the most important part of this business. These are the businesses that hold your money and make trades on your behalf. They're really the middleman between you and the market, so as you should be aware, there is a lot riding on their quality. The internet gives people running a broker business, the chance to do it out of their basement along side multimillion dollar businesses. You have to watch yourself because there are some out there that are complete scams or low quality. Take the time to visit forex forums. At these forums, there are constant discussions on brokers. You should be able to make an informed decision after you read through them.
Stick With Decisions: This can really be a game of confidence in the process. You can make trades, but a lot of times they won't go as good as you think and you basically want to end them. The idea is to learn and if you're going to act indecisive, you're just going to cripple yourself. Stick with your decisions before hand and see where they go.
Cut Your Losses: This sort of conflicts with the stick with your decisions point, but let me explain. Before you make a trade, you should always have an objective loss point. This is a point where you're no longer going to hold onto the trade because it has lost too much. This is a decision made before the trade. Stick with it. Cutting losses is an important skill because wins and losses don't really matter. It's how much you win by and how much you lose by, that really count.
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