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Forex trading is challenging task. The fortunate part of forex trading the market nowadays is the great wealth of information that is available for foreign currency traders. We have melted down the fluff and come up with these four keys to help you beat the market.

1. When the market is skating down, speak it out audibly. If the Forex market is shooting up, speak that audibly as well. You'll be shocked at how difficult it is to speak that which is happening smack dab in front of you as you get caught up in looking for the foreign currency market to be doing entirely something else.

2. Take a true inventory of your self as a trader in the Forex market. Be careful to measure your effectiveness as a forex trader by the overall profit gained in a day, not on an individual trade. The more accurate picture is pained over a period of three to five forex trading days or more. The bottom line is that a truly successful Forex trader is one who makes money consistently.

3. Never allow a long run of losing forex trades in one day. After a run of losers be sure to turn off the screen and do something else. The key is to get away from your emotions as they become your number one enemy on a losing day. The easiest way to stop a losing streak is to stop trade for a day.

4. This one goes hand in hand with number three. Never concern yourself with missing an individual opportunity to trade on the market. There are always going to be plenty of opportunities to trade the foreign currency market. Make sure that your requirements for a trade entry are met. If you rush a trade you will often lose a trade. Stay disciplined.