Become a Successful Forex Trader.

[jamilktba]

I believe that there is no shorts cut to the success and the success percentage in this trades is very less so it becomes all the more difficults to achieve success in this trades and the trader must trades with basic rules and always sticks to them while trading to become successfuly and should follow trading disciplined !

[zahidrock]

I believe we have to have an overabundance to rehearse, many choices tactics and much associated with suggestions by other professionals with this particular local community, provided that we have to offered most of these suggestions may guide your current understanding process to achieve Fx.

[sadam]

surely, is to become a successful trader you must go through a lengthy process first, but it also takes a long experience. because it takes a lot to our knowledge really can be a successful trader. to itulan is needed and the process of our struggle hard in achieving that success.

I agree with you, to become a successful trader is not easy we need to struggle in achieving it, one of these struggles is that we must always eager to learn in order to get the skill of trading is good and right.

[fxsilo]

experience is the key to get eusccess in the forex first try to get lot of experience and get th advice from the experience traders that well help to get in the forex

yes virgo, certainly we need experience if we want to success in forex trading. i think a trader who more than 2 years experience in forex certainly they have a lot of experience in face of mistakes and good profit, but im not surely if they always learn from past mistakes and do learning caused past bad experience.

[suhu]

Well investment cash is something handy, if you ain't that greedy in making a huge amount of capital, coz by posting in a forum like this, you can make some free forex money already. The more you post, the more forex capital you're gonna make. And in my opinion we can always start from some small amount of investment, to test and skill and stay safe of course.

I also agree with you, I think the main enemy is greedy, because the greedy, we will experience a sense of loss and I am greedy because we do not understand how good trading.

[happyrichyyy]

Well investment cash is something handy, if you ain't that greedy in making a huge amount of capital, coz by posting in a forum like this, you can make some free forex money already. The more you post, the more forex capital you're gonna make. And in my opinion we can always start from some small amount of investment, to test and skill and stay safe of course.

[jamilktba]

The good amounts of the confidences and a positives thinking with lots of braveness are the biggestly tools to be a successful traders in the markets.But yes we have to first have the capability to get somes nice amounts of the investment cash in the markets to trade as with large amounts of money,more profit can be won by the trader..

[mcceducation]

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.

first i say if you become a successful Forex trader at first need learn about Forex then start demo Account, when you know every thing of Forex Trade, and you gain trading with demo account you can go now real account i hope your success here.

[sad]

But confidence and braveness comes only with the increase of knowledge, it at certain position, you don't know what to do, whether sell or buy, your confident not just help you to trade anything.

---------- Post added at 01:12 PM ---------- Previous post was at 12:58 PM ----------

sirf or sirf sachi lagan say kee hue mehnat say hi aik banda successful trader ban sakta hay. agar koi forex trading ko serious nae layta to wo kabhi bhi acha trader nae ban sakta. consistency say kaaam kernay say achi trading ki jaa sakti hay.

[andrian]

Almost all of traders know that gold will always going up after bearish, however we must have enough margin so our account still survive until it going up, so we must calculate about lot size that we use to trade with gold, make sure that our margin are strong enough to survive.