• Section: Money Guide - Category: Invest Online
• Written by Sacha Tarkovsky

Here are some simple tips to help you make money fast in online FOREX trading that are simple to do and will help you build wealth quickly.

So what do we mean by make money fast?

Here we are looking at tools that will help you make triple digit gains annually, which would put you up with the top traders and in the elite 5% who win consistently in online FOREX Trading.

We are assuming here that you know the basics of FOREX Trading so here are your tips:

1. Be realistic

We all want to be millionaires overnight but be realistic.

If you aim for gains consistently of 100% per annum your up there with the best traders in the world.

Don't be in too much of a hurry; if you are then you will wipe yourself out.

2. Accepting Risk

Most novice traders who trade FOREX try to restrict risk so much that they actually give themselves no chance of winning.

Their stops are to close

and GUARANTEE they will lose.

Online FOREX Trading is all about taking calculated risks.

This means if you want to make money fast you should risk up to 10% of your equity per trade.

Many people will tell you to risk 2% but if you're a small trader trading $10,000 that's just $200!

This will simply guarantee you're stopped out most of the time.

3. Running profits

It's a fact that most traders simply cannot run profits.

Many traders are fantastic at picking market direction but lose because they take profits to early!

This is a major problem.

A trader gets a profit and gets excited, the bigger the profit becomes the more he is tempted to take it before it gets way

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