Already on ArticleSlash?

Forgot your password? Sign Up

The Most Important Skills of Successful Forex Trading

 


Visitors: 119

I want to share with you some of the things I think are the most important skills of successful forex trading. This is a large market, with a lot of money moving around each day. If you have the proper skills, you can have some of that money and continue to earn more of it. You need to have these skills I'm about to present to you.

I think one of the most important skills is street skills. It seems like an odd thing to place in the forex business, but there is always these naive people that buy into the stupidest ideas and it can really get annoying. You're going to hear strategies and skills from anyone and everyone. The problem with that is you can't tell if they're just regurgitating some marketing psychology or giving you real information. I've always had a knack for picking up on this stuff, but I've mentored people that were extremely naive. They'd come talk to me one day and explain how they learned this new, easy, million dollar strategy for making big money. I look at them and shake my head. Have a little street smarts.

When it comes to the actual process of doing forex, you need to have skills in candlestick graphs. There is just no way around it. You will view every single currency as a candlestick graph because it looks the cleanest and contains the most information. If you get a proper informational book, it can teach you the fundamentals of candlestick graphs.

Forex Candlesticks Made Easy is probably about the best book on the market. I've learned so much from this book. The best part is that it isn't about memorizing techniques. It is about learning the fundamentals of how everything works, so you can instantly look at any graph and quickly figure out what is going to happen.

Check out Forex Candlesticks Made Easy .

(328)

Article Source:


 
Rate this Article: 
 
Basic Coaching Skills 13 Important Skills For Successful Coaching
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Forex Trading Why You Should Work on Your Money Management Skills to Be a ..

by: Dylan Jonathan (July 08, 2008) 
(Finance/Currency Trading)

The Important Knowledge of Successful Forex Trading

by: Tyler Ziggler (June 25, 2008) 
(Finance/Currency Trading)

Mini Forex Trading Learn the Tricks and Skills Needed to Succeed on Forex ..

by: Mikel Freije (September 23, 2008) 
(Investing/Day Trading)

Forex Strategy Trading Tips: How to Form The Patience Needed For Successful ..

by: Jay Molina (July 02, 2011) 
(Business/Career Advice)

Forex Trading Tutorial - Learn the Basics of Winning and Successful Forex ..

by: Chris Dudley (September 09, 2008) 
(Finance/Currency Trading)

Forex Trading - The 3 Most Powerful Strategies for A Successful Forex Trading

by: Amy Peter (July 26, 2011) 
(Finance/Currency Trading)

Forex Trading Education Is Important To Profit From Forex Trading

by: Sammy Quino (April 29, 2008) 
(Finance/Currency Trading)

Online FOREX Trading – Become a Successful Forex Trader in Two Weeks!

by: Sacha Tarkovsky (March 30, 2007) 
(Finance)

Forex Trading - Secrets To Becoming A Successful Forex Trader

by: Oey Piu Hian (December 29, 2012) 
(Finance/Currency Trading)

Basic Coaching Skills 13 Important Skills For Successful Coaching

by: Brenda Zeller (July 07, 2008) 
(Self Improvement/Coaching)