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Keeping a journal when you are learning Forex trading will help you succeed sooner. How often have you come to the end of the week and wondered what your goals were or what you were doing to trade either successfully or unsuccessfully? What worked? What didn’t? Keeping a journal or keeping track of your trades even in a word processor can help you over time. Let’s see what we can learn.

Forex or the foreign exchange market refers to the system of trading of the world’s currencies, as opposed to the stock market which involves the buy and sell of company’s stocks. For example, if you trade the US dollar with the euro you can go short on one denomination and go long on the other, all in the effort of eking out a profit. The beauty of forex market is its flexibility because it doesn’t have a concentrated location; you can practically do it right in your own home through currency trading platforms.

Forex trading is a profitable investment because it deals with the international exchange of world currencies. However, like any other investing method, it’s also risky. Yes, the potential for losing your entire capital is great and novices shouldn’t plunge headfirst into it, but that’s only natural with a high risk, high reward market.

Learning Forex can be difficult. Improving you talents as you progress can be helpful. Here are 5 ways to immediately improve your trading.

Are you looking for a way to make money while you are working; often called passive income? Maybe you would like a way to make money when you are sleeping or while you are on vacation? Retired or about to be and need income? Forex is great for Baby Boomers too. Recently I read that over 50% of Baby Boomers will keep working in some capacity during retirement to make ends meet. If equities are not adding to your wealth, currency trading just might.