The process for success.

FOREX trading is difficult. But it's very possible to make consistent profits year after year.

I've managed to do so by breaking the process down into a mental 4 step process.

I don't use indicators, just support and resistance. And each trade is based on a fundamental cause and knowledge of 'market correlations'.

The 4 step process is...

1) Gain enough knowledge to form a logical opinion on the strength and weakness of each currency.

2) Combine that knowledge with technical analysis and momentum.

3) Assess the risks to any potential trade.

4) Make a decision you would stand by, win or lose.

Then, by using a higher risk / reward ratio (generally 1.5:1), you can afford to lose half your trades and still make money.

Understanding the fundamental knowledge required to trade successfully is by far the most time consuming endeavour. And the purpose of this blog is to help you gain that required knowledge.