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Another important thing that I believe can be on your list is staying updated with the latest market trends. The forex market keeps moving and if you want to make the most of it, you must have complete knowledge of the movements. This will help you trade better and earn better.

Candlestick patterns in forex can be extremely useful as they represent opening/closing and highest/lowest prices in longer time spans and aid in predicting future price movements to a certain extent.

Money management plays a pivotal role in forex trading. It is extremely important and every trader who ignores it, will likely fail in the long run. It aims at managing trades and minimising losses. Money management is somewhat similar to risk management because the goal is to preserve the money..