Twisted knot theory, introduced by Bourgoin, is a generalization of virtual knot theory. It is well known that any virtual knot can be deformed into a trivial knot by a finite sequence of generalized Reidemeister moves and two forbidden moves F1F1 and F2F2. Similarly, we show that any twisted knot also can be deformed into a trivial knot or a trivial knot with a bar by a finite sequence of extended Reidemeister moves and three forbidden moves T4T4, F1F1 (or F2F2) and F3F3 (or F4F4).