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Thread: Become a Successful Forex Trader.

  1. #6239
    Highly Reputed Member danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555 has a reputation beyond repute danish555's Avatar
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    Quote Originally Posted by pphashif View Post
    Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …


    In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.


    Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.


    A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!


    Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).


    When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.


    Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:

    1. They stop trading all together
    2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.

    Or

    They can evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.

    The forex traders who go on to achieve greatness:-


    (a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.

    (b) Wait for market conditions that suit their trading style.

    This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.


    Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.


    if the traders invest big money in this business and they make good trading strategy for this business they could earn easily from the market , many new traders enter in this business without having good experience of trading , they loose their money , they should practice in the demo account then they should enter in the real trading then they could make money .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  3. #6238
    Member surnawi will become famous soon enough surnawi will become famous soon enough surnawi's Avatar
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    To become a successful trader on Forex, it is important to know the basic knowledge of the market. Then a trader must trade on a demo to gather experience. A trader also needs to know about indicators and also need to utilize fundamental news. By doing this, traders can become successful traders in Forex. and successful traders are people who know their capacity, meaning knowing how much we learn from the market and making better policy capacity helps us to become traders who better use their potential and make better decisions with the least capital

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  5. #6237
    Senior Member asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567's Avatar
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    ap es mien success hasil ker sakty hien mager ap ko es mien aa ker demo jaror use kerna ho ga q k es ki help dy hum marekt ko theek sy dakh sakty hien or earning bee ker sakty hien

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  7. #6236
    Banned 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346 has a reputation beyond repute 00923027642346's Avatar
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    to become a successful trader you should follow these points 1.first do analysis in your favorite currency pairs 2.develop strategic plans 3.develop money management and risk management plans 4.careful in entering lot sizes 5.don't wait long time for getting huge profit 6.use take profit and stop loss for each orders.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  9. #6235
    Senior Member asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567 has a reputation beyond repute asd567's Avatar
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    ager ap es mien aa ker success hasil kerna chahty hien to ap ko es mien aa ker hard work kerni ho gi q k ager ap es mien aa ker hard work ko habbit bana lety hien to ap es mien kabi bee apna loss ni ker sakty

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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  11. #6234
    Senior Member sachit has much to be proud of sachit has much to be proud of sachit has much to be proud of sachit has much to be proud of sachit has much to be proud of sachit has much to be proud of sachit has much to be proud of sachit has much to be proud of sachit has much to be proud of sachit has much to be proud of sachit's Avatar
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    forex ke business me trader ke liye successful hona jaroori nahi hota hai,esme trader jetna jada market me analysis karle aur sabb knlwedge banale to uske baad he wo esme kaam kar sakenga,esme trader ko apne aap market me knlwedge chahiye,esme trader ke paas acha trading system hona market me bahut he jaroori hai fir he wo esme acha kar sakenga.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  12. #6233
    Junior Member Habib7500 is on a distinguished road Habib7500's Avatar
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    yahi sawal to me roz apne ap se puchta hun k akhir me kese aik sucess full forex trader ban skata hun lekin mjhe koi jawab ni milta koi mjhe bhe batayea k me kese sucessful ho skta hun

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  13. #6232
    Banned sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest has a reputation beyond repute sakigbest's Avatar
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    hum sirf us waqat successsfull ho sakatay hain jab humko ko pura yakereen hota hai ka hum kamayaab hon gaa jab humara confidence barakara rha gaaa hum sirf us waqat e successfull hon ga werna hum kabi success full nhi hon gaa

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  14. #6231
    Senior Member zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali has a reputation beyond repute zahidali's Avatar
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    G agar hum forex shi work karta hain tu hum ma sahi trah hum forex ma succeful ho sakhta ha us leay hum forex ma huma soch smjh ka he huma forum pr work karna cheay jesa huma ga tsk apna profit bhe kama sakha us leay huma cheay ka sahi work karna ka leay huma cheay

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  15. #6230
    Junior Member Taiyab is on a distinguished road Taiyab's Avatar
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    I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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