Become a Successful Forex Trader.

[taxila60]

thanks for sharing good knowledge and experience with us ,i learnt may thing from your this post i m so much thanks full to you ,when i will use ur guide,i think ur pot give learning to many trader and specially its so much use for new trader and i think they should take serious step towards trade

[pak forex]

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

dear ap na boht he ahci or best post ke ha newbie ko ap ke post sa kafi knowledge earned ho ga main trading mian newbie hon esi waja sa muja ap ke post boht he ahci or best sa best lagi ha esi waja sa main trading main abi learning kar rha hon.

[adityafx]

Many say it is very difficult trading while trading with a strategy of professional traders who are very easy and very simple. They were trading with the relaxed, carefree and frustration. That's because they see that trading is simple but the process is not easy and they have been through the process. Unlike the traders who have two views, but have one thing in common. Traders look at trading is difficult and some people think trading is easy but they have in common that a process that makes it simple trading is not properly addressed.

[happyrichyyy]

It's true that we can't be successful traders easily, not impossible though. With practices and learning etc., we surely could do it better and better, however, patience is really needed during the way to success, I guess there are many traders can't wait till they succeed, go and do something else already.

[antosco]

A trader can become a successful trader if only he can dedicate his time to constant practice, if a trader is always practicing on demo account, he would be able to get quality skill and experience in forex trading and this would help him to make more profit from his trade.

[forX]

to become successful trader we've to be apprehend trading strategy and correct trading planing. avoid any felling of greed and worry. this can mean have a well laid down strategy and satisfaction. every person joining in forex trading to become a successful forex trader. they'll got to be apply exertions behind forex trading purpose.

[fantastic]

all I can say that we must learn and practice and without that you won't be a successful trader , you can learn from forum , ebook , forex site , but learning is not enough , you must practice with that too.

[moss]

To be a successful Forex trader, you have to trade thinking more and more and understanding the market trend.You should analyze the price movement before opening a trade.You should be brave, confident and patient.Thus you will succeed in trading.

[SAMIYA NOOR NOVA]

in my points of view, to become a successful forex trader is very hard because by gaining more experience one can become a successful trader. successful traders has many qualities such as: they don't trade with high risk, they are free from greed and emotion...

[truegoa]

In my opinion, I think the first and third option is kind of same or just similar things. Why is that? It because greed is one of emotion kind that very influencing in everytrading that be made by everytraders. So, to control emotion in a trading activity is including controling greed so this emotion side will not involving our trading decision.