There are a lot of traders out there that love the idea of day trading forex but they are a little scared. They think only the "real experts" know how to do it and its something that most of the trading public will never understand. This is just something that is not true.

It makes no difference who you are. You can day trade forex.

It's a difference case, if you are talking about the stock market, because of their strict day trading rules, and how strictly they are enforced.

Day trading is not enforced in the forex market. Forex traders can open and close trades as many times as they would like.

Now, that you know what's possible with forex, what are the steps to teaching yourself how to day trade?

Well, let's take one thing at a time. If you are planning to day trade, you are going to have to be interested in technical analysis. There is no getting around it. You are going to have to learn how to read a chart.

Frankly, I've never heard of too many fundamental day traders, as it is used more for swing trading.

If you're interest in technical analysis is important, you want to be able to achieve what almost every successful technical trader does: They can just look at a chart and have a pretty good idea where the currency is headed.

I know I'm making it sound like traders have ESP, but I can safely say that is just not the case.

A lot of people think that the really successful forex day traders are just a lot smarter than the ones who are losing. Let me dispel that myth, as well. Nothing could be farther from the truth.

As a matter of fact, I've met some incredible day traders who would need instructions on putting on a hat.

You'd be surprised to know how many of them never finished High School.

So how did they become successes? It's real simple. They understood the concept of price action.

The struggling traders have a really hard time because they are so used to trading with indicators, which were designed to do all the thinking for you. They act is if those indicators really have any idea of what's happening in the market.

Once you begin to realize how much important information you are missing when you are blocking your charts with all these indicators, then you can start to succeed in forex.