Build a network

Being part of a group of successful trader can help you learn some tricks, which others learn late in life. If, you have the opportunity to work with a successful forex trader try to see what he does and most importantly how he does it. Initially, you can copy some proven strategy and modify it later on.  It could save you time and money. Notice that you must understand the reason for any market movement otherwise you won’t get the most from it.  Watching what others are doing give you the opportunity to learn from their success and failures.