OK, if you got here by googling for success in online trading, or forex trading secrets, or forex trading formula, or, god forbid, “automatic instant wealth on forex” – and yes, I do get that kind of searches, – you are in the right place.  To answer all those questions about my secret formula for successfully trading forex online once and for all, I decided to write it down and post in a blog for everybody to see.  

I am not afraid that this formula for forex profits will stop working once I publish it – at no charge – for everybody to see and copy.  Please do copy and use as you see fit.  You can make money online with it for yourself, or you can sell this forex trading secret to other people if you wish.  

I am also not the discoverer of this most potent forex trading recipe.  It has been around forever, and there is historical evidence that ancient Babylonians have used a crude form of this techique in their currency exchange operations.  However, for some strange reason, it has apparently remained obscure through the centuries, and even the advent of the Internet doesn’t seem to help the propagation of this most reliable currency trading technique.

The awesome power of this method of forex trading has made millions for the select few that mastered it and thousands for the modest followers, including yours truly.  It has been proven in practice many times and yields spectacular results when applied properly.  This online trading strategy is applicable not only to forex, but also to all other capital markets, including stocks, bonds, options and futures. 

So, without further ado, here is the #1 secret of online forex trading:   

Know What You Are Doing.   

It is amazing how very few people follow this rule.  People commit their money to forex online trading because they hope to get rich quick, or because their neighbor does it, or because they read some ads in their local newspaper – without the slightest idea of what they are dealing with.  

The first thing a successful forex trader should strive to achieve is a solid understanding of the functioning of currency markets and why they move.  This is the basics of being able to make smart business decisions. 

It is this intrinsic understanding of market forces and internals that allows you to see the complete picture and make a decisive conclusion. The world of online currency trading is no less complex than the human body.  Would you attempt to perform surgery on your own appendix after reading an FAQ in the Internet? Then why do this to your own wallet?