The currency trading is getting more popular and people are looking at this as an opportunity to develop it a career.But it is not a get rich quick scheme.You have to do your home work before you start trading in a real account.The first task of an aspiring currency trader is to develop an approach to market.Either you can develop your own method or you can adopt somebody elses and modify it to suit you.Your method spells out the details of how you enter the market. Your entry and two exits. Stop loss exit in the event the market has an adverse move and target exit in the event you have a favourable move.Entry and two exits consists of the components of your trading skill.I personally feel that medium term trading is best suited in the currency markets.You are keeping the positions one to four or five days in the market.This type of trading is named as swing trading.You have to device a trading method to suit your swing trading style.You can use multiple time frames to develop your method.I use weekly chart to see the trend. Daily chart and 4 hour (dealer) chart to see the set up conditions and hourly chart to see the entry trigger conditions.The simple method using very limited indicators and patterns will be the best approach, rather than using a cluster of indicators.There is no holy grail method. You can incorporate your money management rules to the method to give a good risk to reward ratio.Once you have developed your method , you can test your method in a demo account for results.Also you should be committed and disciplined to follow strictly your method.Muraleedharan