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In fact, the phrase can even become your motto. Unless you're well prepared before not after you begin trading, your results will probably be about average. Average in the forex is: About two-thirds of forex traders lose money, many losing what they never had to begin with and ending up with whopping high interest credit card debt.
There are two great ways to prepare for a successful entry into forex trading. One is is simply to read the forex trading literature. There's a lot of it and it's all widely available on Amazon and elsewhere. Reading Amazon's customer ratings will give you a very good idea which books are useful and which are not.
The other great way to prepare is to open a practice trading account. Almost all major US forex brokerages offer them without charge. Be serious about practice trading and keep track of your results. Your early practice trades will probably be unsuccessful. Don't let that discourage you: it's normal. Keep practice trading until over some extended period—for at least a month of daily trading—your trading results are positive.
At that point, you're ready to ease in. Be Disciplined Being disciplined has a few essential components. First, there's the matter of deciding how much loss you can tolerate before you begin trading. Once you've decided, don't change it in response to a bad trade. That happens. Second is using your successful practice trading methods and only those methods!
Always stick with your plan. Without it, you're just another clueless novice, forced out of the forex after a few expensive, largely miserable weeks. Avoid Scams This best practice is easy.
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