TIP: Observe the market closely
|To achieve success in Forex, you must become an astute observer. Download a free charting platform and take notes each day on the patterns and the constants you discover. In the beginning you will see just candles making mountains and valleys on the chart, with no further meaning, but with time and persistence, patterns will start to emerge and you will be able to pick up behavior constants from the charts. Start focusing on one or two pairs only, and don't let that too much information overflows you. To trade for a living you won't need to trade with 10 pairs at once. In fact, many professional traders specialize in only one or two currency pairs. Read more
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