If you want to become a profitable forex trader, then there are various ways you can go about this. The most obvious way is to develop your own profitable trading system(s), which is what I did, but this can take several years and can turn out to be a very expensive learning curve. So with that in mind, here's 3 shortcuts that will help you to become a profitable trader a lot quicker:

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My main 4 hour trading system threw up more trading opportunities this week than in recent weeks and thankfully they resulted in some outstanding profits on the whole. I took two positions on the EUR/USD and one on the USD/JPY pair.

The first trade occurred on Tuesday when there was a downwards EMA crossover on the 4 hour chart of the EUR/USD. I went short at  More on Weekly Trading Update - September 15-19

Fibonacci analysis is used by a lot of traders and is one of the most popular and profitable ways of trading the financial markets. It helps you to identify high and low points and areas of support and resistance and is perfect for finding high probability trades.

I'm not much of an expert on fibonacci analysis myself but if you do want to learn more about fibonacci trading I can highly recommend Neal Hughes' (Fibmaster) Fibonacci Trading Videos.

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