Forex, Fibonacci, Pivot Points
Trading Forex With Fibonacci

Thursday, December 08, 2005

How To Become A Successful Forex Trader

What are the four ingredients in the recipe for forex trading success?

Ovidiu Garvasuc explains that in his article "The 4 Wheels That Take A Forex Trader To Success". According to Ovidiu, the most important requirements in order to be a succesful forex trader is not the knowledge of complicated technical indicators and proficiency at using them. Much more important are certain character traits, such as:

  • will
  • discipine
  • self-control
  • honesty

The most important piece of advice from Ovidiu - don't argue with the market... "Arguing with the market is very expensive. If the market is right and you are wrong it costs you money, and remember what I said about when the market is right?A L W A Y honest: If you are not making profits the system should be improved."

Read more about what you need to be a successful forex trader.

Stan Hill
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