What are the basic rules of trading Forex?

Trading Forex can be rewarding, but like any financial market, it requires discipline and knowledge. Here are the basic rules every trader should follow:

Learn the Fundamentals

Understand how the Forex market works — currency pairs, pips, leverage, margin, spreads, etc. It‘s not gambling; it’s a skill.

Use a Reliable Broker

Your broker matters. Look for a regulated broker with fast execution, transparent pricing, and strong client support. Platforms like Giraffe Markets offer access to MT5, multilingual support, and competitive trading conditions.

Start with a Demo Account

Practice before you risk real money. A demo account helps you get comfortable with strategies and platforms.

Manage Your Risk

Never risk more than 1–2% of your capital on a single trade. Always use stop-loss orders to protect your account.

Have a Trading Plan

Know when to enter, exit, and how much to risk. Stick to your plan, and avoid emotional decisions.

Stay Informed

Economic news, geopolitical events, and central bank policies can move the markets. Stay updated with global developments.

Keep a Trading Journal

Document your trades, wins, losses, and the reasons behind each. Over time, this will help you identify what works.

Continuous Learning

The market evolves, and so should you. Read, watch, learn — trading is a lifelong skill.