Become a Successful Forex Trader.

[ishvara]

The main aim of every trader is to be successful and make profit and not only making the profit but increasing the profit been made from time to time. Every newbie should have this as their target. Newbies should keep to all the rules of trading for successful and profitable foreign exchange trade.

Yes success in forex currency trading business does not only mean making profits, it has more to do with maintaining a consistent profit for a forex trading. Time and practise can help us to achieve this.

[khanam liza]

many people can say many things but i wanna to say that u have confidence of yourself. and set ur mind o accept losses. In a business loss will be come not all the time u will gain some time it's not earn profit that time u control ur emotion and improve ur mistake and come in the trade in d doable sped. success will definitely come.

[hunted87]

Have you heard about the benefits of forex trading as a tool to create personal wealth?

Gone are the days when forex trading are meant for the "big guys" - institutions, big companies, banks and financial institutions. Today, the man-in-the-street can access facilities to trade in the privacy and comfort of his home! He can earn a living trading forex from the comfort of his own home.

If you are someone intending to be involved in forex trading, there is available a lot of help and assistance to get you started off. Let us consider 4 main guidelines that are important to you if you intend to make money as a forex trader.

Firstly, is forex trading for you?

Forex trading involves study and gaining skills to trade. Generally, a quick style of trading is needed for day trading of the forex. On the contrary, if you are someone who cannot spend too much time on the trading screen, then swing trading is envisaged. Both styles require you to spend time to study technical setups peculiar to these styles. Check your own risk profile. If you cannot tolerate risk that is opened for long periods, then day trading, which may involve trading within mere seconds or minutes is suitable for you.

Secondly, are you capitalized for trading forex?

With the advent of leverage, and min-forex, capital is no longer an issue in trading. Unless you are a swing trader, where you intend to open your trades for a longer period, you really do not need a very big amount of capital. This is more so because as a beginner to forex trading, you will start off small, and build up experience as you go along. Check with your brokers to comply with their levels of capital requirements, and check out the possibility of conducting mini forex trades.

Thirdly, are you going for a technical approach or a fundamental approach?

Most forex traders are technical traders. By this, they look at charts to spot any technical trading setup, and if prices have reached a certain level they would buy or sell as the case might be. Charts feature a lot on their trading systems. There are those who adopt trading signals based on fundamentals. This will include the news release, reports of economic trends, treasury news and so on.

There are those who blend their technical systems together with news releases as well. No matter whatever approach you use, make sure you identify properly the proven profitable trading setups and concentrate on trading these until you are an expert.

Fourthly, be aware that forex trading can be a most exciting career move - you can earn a living trading forex online. Much as the rewards can be great, there is a learning curve to follow. You can accelerate your learning skills by following a structured course of learning forex or getting a mentor who is willing to show you his secrets and pass on knowledge of his techniques.

So be prepared to learn, spend time to paper trade your trading systems until trading is second nature to you and until you become a consistent winner even during simulated trades. Until you find that confidence and high win-loss ratio, continue to paper trade.

By following these 4 guidelines, you have the best chances to become a profitable forex trader.

[mou3ad15]

Well I think to be a successfull trader you should follow this steps :
- search to learn , read on forums and ebooks , watching videos and asking professionels
- open demo account to practice on it ,try some strategies and make your own strategie to get some experience
- start trading on real account but with smal capital until you get ready
Noice : the newbie should take enough time on learning at least 6 months

[Arara]

Yes very true, everyone knows that making money is not so simple. Sometimes you will get a lot of money in a short time, but spam most of it take too much time. After I won 20 bucks in 4minutes but after I waited for 5 hours and I won just 2 bucks so it also depends on the market. just be patient while trading with forex and develop strategies, the most you develop strategies, the more you will be sure and confident about your trades.

[place]

my wish always will be there because i was newbies and learned from here.too many important things i learned by forum and that is why i love it.it makes me so easy to become a professional trader.

[nurivasyarifah]

just try hard who can change our destiny, of course sacrifice greatly in demand in the forex business is here especially at very high risk so you should be more mature in that will take into account the decision taken.

[Saif]

I think forex is not a money maker machine. and it's think is a big wrong. forex is a business. a successful trader can profitable from forex. you think forex market is a money maker machine or a good way for quick profit. more profit in short time. i suggest you avoid your idea and and more study to forex.

[cozard007]

When you want to success in the forex trading then it is necessary to set your strategy and must run according to them, well known about forex trading, to knows about the trends of market , uses of signals and indicators then you are successful trader in forex trading.

The thing is that it is very possible for everybody to be a successful trader if we knowig what we are doing in trading the financial market, it is not possible also because market need loser.

[fxsilo]

you can success with forex and can earn lot of money from forex.firstly get good knowledge and practical knowledge fron demo account and forex trading lesson,after you become a success from forex trading.

certainly a good knowledge and practical are important if we want to success in forex trading business.
we also need motivated to do all that, because sometime we will feel lazy to do all that.