Beverly Hills 12/29/2009 12:30:17 AM
News / Business

Six Basic Attributes Needed to Become a Successful Forex Trader

Finance World News Update by EQUITIES Magazine

Experience and successful traders in other markets proceed directly to the “top of the mountain” without first mastering the “bunny slope”, when it comes to Forex trading. Learning any skill requires a foundation that success can be built on. Most people who fail at a new endeavor do so because of the thought that they are not subject to taking the basic steps needed to advance.

 

There are six attributes needed for becoming a successful Forex trader. First and foremost is skill and aptitude: not everyone is suited to trade Forex. It helps to have knowledge of economics and requires the ability to decipher news and understand the cause and effect hat should lead to a stronger or weaker U.S. dollar compared to other currencies. Practice is also a very important attribute when it comes to Forex trading.

 

To discover the remaining four attributes and read Greg Michalowski’s full article, click here. Read more articles and upcoming issues with a free one-year subscription to EQUITIES Magazine.

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.