To be more accurate I believe it is fair to say that applied knowledge is what empowers. Knowledge by itself is useless unless one makes good use of it. So for me the learning curve had begun in ernest, I set about learning and discovering what forex was really about, what made it tick, and what were the dynamics involved. I wish to share what I have learnt, but in due time.
The Internet is a huge resource tool, most folks would have to agree with me on that fact. There can be no denial. If there is one thing I have become aware of is that not all information is given with integrity, so you do have to hunt around a bit and execute due diligence when it's warranted. One site that is an absolute must for any would be trader is BabyPips.com. This would have to be one of the most resourcefull sites on the topic of currency trading. This cannot be stressed enough. This plus forex4noobs.com, which is dedicated to the education of candlestick trading. Highly recommended.
If there is one piece of literature that explains forex very well it would have to be FOREX Patterns and Possibilities ~ trading strategies for trending and range-bound markets by Ed Ponzi. Not only does it explain about forex but also includes a number of good strategies one can apply in the market.
To sum up this post here is a footnote. There is no such thing as a born trader. No matter how skilled and learned a trader becomes, every single individual starts off as a novice. Intelligence alone will not make you a good trader or even guarantee your success. Only trial and error, perseverance and dedication. Prepare to become a student. There is very little that can compare with the 'biggest market' on planet Earth. In essence in forex we trade the entire world, matching the world's economies against one another. How can you possibly compare that with any other business. Let me tell you, it is worth fighting for.
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