Do your research Forex trading might seem an ambitious undertaking, yet one needs to have proper knowledge of how markets work and a good understanding of the mechanics of Forex trading to succeed. Be realistic Approach Forex trading realistically right from the beginning. Determine a feasible percentage of winning trades considering your strategy and experience. Trading plan A well-defined trading plan is a successful trader’s Bible as it serves as a guide that outlines the strategies, operations, and procedures with which one trades a market.