There are a number of things at the top Forex traders in the world do in order to trade Forex successfully. Becoming a profitable Forex trader does not happen by accident nor does it happen overnight.

What follows is a list of those things that must be done in Forex trading. Some of these things must be done before you begin trading Forex and some must be done after you begin to trade Forex.

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Decide why you want to trade Forex – If you ask anyone why they wanted trade Forex the vast majority of people will tell you because they want to make money. Truthfully, this is as realistic and valid a reason as any other.

Have realistic expectations – Many a would-be trader has fallen prey to expectations of getting rich quick and letting the money flow in on autopilot.

Have adequate working capital – According to the Small Business Administration (SBA) one of the biggest reasons that new businesses fail is lack of adequate working capital.

Have a Forex trading plan – I know I am going to sound like a broken record here but here we go again for those who may not have latched onto the concept the first time. If you fail to plan, you plan to fail. It is really as simple as that. The Forex market is unforgiving and simply eats unprepared and under prepared traders alive.