Learning Forex Trading can be difficult at first. There are so many beginners systems out there it can be difficult to know where to start. And of course everyone claims that their forex system is not only the most successful but the simplest to operate and guarantee the quickest route to untold forex profits.

So if you are learning to trade forex how do you figure out what to believe?

Well before you get seduced by the latest flashy marketing gimmick that promises you will double your money automatically whilst you watch TV I strongly advise that you take some time to read the following guidelines - they will save a lot of frustration and stop you losing a lot of money!

In the first place if the old rule "if it sounds too good to be true then it probably is" totally applies to making money in forex. Dont' be fooled into thinking that you can make millions using a cheap piece of software without doing anything or buying a cut price forex course that consists of a couple of useless "video lessons". Take care because at least 90% of forex products don't work.

If you take a close look at most of the forex trading courses and strategies you see on the internet, they consistently share the same shortcomings:

• They don't include enough detail. Most courses teach hours of 'in theory' - but don't spend enough time on how to actually use the theory in a consistent way to help you trade.

• They don't include risk management. Unfortunately this is a often the the biggest error that most people learning forex trading make. All the top professionals will tell you that money management is key to their success. So make sure the method you are looking at includes a section on money management.

• They tell you that some software is the holy grail of forex and that a total newbie can acheive outrageous profits . Yes, keeping it simple when you learn to trade forex is very advisable but you do have to put in a bit of effort!

• They require you to "day trade". Whilst day trading can be profitable, when you are learning forex you should keep it simple and avoid this type of trading until you have mastered the basics. Sitting in front of a computer 24/7 "reacting" to every move is only for a certain type of experienced trader.