Forex Trading is profitable if the trader has taken care of following points: Trading style: Identify what type of trader are you. Both will have different roles in trading. * DAY TRADERS - Short term trading opportunities, higher risk, quick and responsive. * POSITIONAL TRADERS- Long term opportunities, patient and emotionally balanced. Trading Plan: Having a Forex trading plan is one of the key elements to becoming a successful Forex trader. Many traders never even make a trading plan, let alone use one regularly. It’s very important that you do both; make a trading plan and use the one you make…don’t just make one and then never look at it like many traders do. Trading Plan Helps you to: *Assessing your skill *Set your risk level *Set yourself goals *Prepare for trading *Set Exit Rules Trading Strategy A Forex trading strategy is a technique used by a Forex trader to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be