|The transition is never smooth, but the best way to do it, you would have to follow certain rules " of thumb", to ensure long term success.
1) exercise strict money management discipline
2) recognize long term (bigger picture) technical levels
3) have a good, solid trading system
4) while respecting the fundamentals of the economics of the countries which currencies you trade, do not get caught on the momentum " news trading" and whipsawing, which merely the "greed and the panic"
5) have a solid business plan with financial goals outlined
Tuesday, 15th September 2009