One the face of it, skills and experience may seem the same as technical knowledge on the subject. However, the belief is wrong as the skill and experience are not restricted to that alone. A forex currency trader needs to have the knowledge about his platform. He should know what different indicators mean, what they might suggest when they flash something or how can they be put to use to your benefit. However the two dimensional trading account and system are not the only things that are required to achieve success in a trading system. The forex success can be achieved only with multi dimensional things which consist of many different things. For achieving success you have to recognize a strategy that suits you best. Often the forex traders succeed if they are comfortable with the strategy they are practicing. The forex traders must also remember to appropriate spare funds should be kept and risk management must be practiced.  Maintaining records to measure your success and failures (in order to learn from them is a sign of potential successful forex traders.  One has to be patience in the forex market as these skills might take months to learn, but when you learn them they will help you a lot. Dedication, consistency and sincerity are the three traits necessary for successful forex traders. The forex currency market is as capricious as it is lucrative and rewarding. One must always look to minimize the risks and this can only be done after proper research and risk management lessons.    

It is impossible to analyze the world of forex trading while sitting on your couch. The real forex market can only be understood, when you are exposed to it. The study and the research then yield rich dividends in the form of money. Overnight success in the forex market is impossible. It is a result of hard work and sweating it out on your part. If you think you have the ability to make this happen then you surely stand a good chance for being a forex trader. You should remember not to get dejected when you have suffered a loss. The real forex trader tries again and again.