A lot of times people ask what skills are needed to trade forex successfully Skills for Forex Trading. While the first two things you need to have are a good understanding of the market and a good strategy, there are other very important elements to trading. And this blog is all about those. There are four skills or strengths that are incredibly useful to have when trading in the forex market. They all come in handy during different parts of the trading process so let’s get to it. 1. Research This is important to have covered even before you enter the market. Research is the good trader’s preparation for a winning trade. It’s the only way to set yourself up for success. Research involves keeping up with the latest financial news from around the world as well as staying up to date with any new strategies. Most serious traders will keep tabs on all the important scheduled financial releases by maintaining a calendar of all such important events. This technique is also helpful because it allows traders to be prepared for the upheaval that generally ensues after major economic releases. And that not only ensures that they are not caught off guard, but gives them an edge.