Forex trading is often perceived as a secret that only a few people understand and can succeed in. The truth is, however, there is no secret to success when it comes to trading forex; instead, it requires a combination of knowledge, experience, discipline, and risk management. Knowledge of the markets, understanding of the fundamentals, technical analysis, and risk management are all essential to successful trading. Experience is key to understanding how the markets move and respond to events and news. Discipline is required to stick to the trading plan, follow the trading rules, and not let emotions get in the way. Risk management is necessary to ensure that losses are kept to a minimum and profits are maximized. Success on Forex is achievable but it requires a diligent approach, dedication, and hard work.