What are the requisites to become successful in trading?

[mayengbam]

I also believe that a good environment is also a prime requisite for success in trading. because if we are constantly disturbed every now and then due to many factors, it would disturb our minds and wont be able to concentrate on what we do.

[zoomfire]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here

the most biggest requirement in forex trading is discipline and trading with proper rule.Many often sketch out a good MM rule but they fail to follow it and finally they lose it.
so to attain success one should trade wit proper MM and patience and should not misuse high leverage.

[arjun]

i agree wit malik b'cos one should be having patience n time n knowledge wit out ths a trader is not a trader but he his a gambler. one of my frnd suffered a huge loss without ths main 3 things. one request for newbies to be patient first.

yup,You are right. if we wait then we have many opportunities to learn.
due to the nature of the patient, our account will last a long time. and we will have more opportunities to gain experience.

[shreebabu14]

Most of traders start trading without proper knowledge of forex techniques and a results face losses. To become a successful trader a trader should be well educated with forex techniques and fundamentals. A good money management is the key factor of success in forex trading. Every trader should learn the money management skills.

i agree wit malik b'cos one should be having patience n time n knowledge wit out ths a trader is not a trader but he his a gambler. one of my frnd suffered a huge loss without ths main 3 things. one request for newbies to be patient first.

[pinpin]

yes you are right, there is always the gap we will experience a loss.
because we are predicting the price, and we do not know the future, and we do not know where prices will move.
so we need MM to reduce the risk posed.

and forex remains a mystery
where gains and losses so close to us
by using the MM we can minimize the loss

[anubhavsingh]

yea buddy hard work never goes in vain, many think that forex is easy money but its not so, forex need time and hardwork so when a newbie found out that its not too easy they leave telling forex is 95% losing business and only those remaining 5% work hard in-spite of the difficulties and achieve success

Sincerely aur properly kiya hua work kabhi bhi aapko nuksan nahi dega
Forex trading me aapko kayi baato ko dhyaan me rakhte hue trade karna hota hai..agar aapki analysing skills achi hoti hai to aap forex se bahut paisa kama sakte ho

[arjun]

I agree with your opinion that the name somehow make a deal that's for sure there is a gap we are to get a loss and it is very unlikely to get profit continuously

yes you are right, there is always the gap we will experience a loss.
because we are predicting the price, and we do not know the future, and we do not know where prices will move.
so we need MM to reduce the risk posed.

[denira]

I agree with your opinion that the name somehow make a deal that's for sure there is a gap we are to get a loss and it is very unlikely to get profit continuously

like what I've said that in the forex profit and loss is the part that can not be avoided because it is a real part in this business

[alwi]

could be a friend because after all the opportunity we were wrong in putting the transaction was always wide open so it does not allow us to be able to profit in every transaction

I agree with your opinion that the name somehow make a deal that's for sure there is a gap we are to get a loss and it is very unlikely to get profit continuously

[dead]

is you mean we always can win in each transaction? if correst, my answe is can not. no one can win in each their transaction.

could be a friend because after all the opportunity we were wrong in putting the transaction was always wide open so it does not allow us to be able to profit in every transaction