Become a Successful Forex Trader.

[Ahmed123]

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 t

[Nirzana]

If you really want to be a great trader then you must need to know all about Forex and its trading system and well experienced person who know all about forex and its trading system easily can build up their career and besidees of getting knowledge you must have to trade with demo account and have to practice more and more then you will be a great trader.

[may78655]

As long as you have access to a computer, you also have the ability to access the forex market. One of the important thingsthat you should remember before jumping towards forex trading. It is is a wise practice trade using "real money",or "phantom money". Most brokers trading demo accounts provide service and from whichyou can download the trading station to train them directly using phantom money. Although this is not a guarantee on the level of your performance while working to turn real money. But training on the demo account will give you a great advantage that you are ready and completely ready when it begins to trade real money. There are also a number of forex courses on the Internet, just be careful when you select none of the willing.Forex is the largest and most liquid market in the world. Many look to the forex
trading as the best work can be done from home. Although the ordinary people and Joodwaopportunity to participate in foreign currency trading in order to make a profit (and so do banks and large companies) since 1998, the forex currently is a modern
business forums and events as well as other social gatheringsAlthough the Forex until recently was more like a secret, which is surrounded by tight security, but that with the passage of days, the more investors have to become a forex e-commerce to achieve income and profits as it has many benefits and advantages over other trade like stocks, bonds, commodities tools.
Nevertheless, it is as soon as the looming something new or to become part of social conversations and news, articles and even chatter,
s must be overcome and the mind must remain open and be This shows investor profit 1,500 Swiss francs, which is equivalent to US $ 1,456 (1,500 francs / 1.0303), which accounts for about 14.56% of the capital or the amount of the main deposit.Although this task may be daunting, but the benefits will appear evident in the long term; not neglected
The leverage is one of the most dangerous things in the field of forex which is calculated by how much you will gain or lose from one point in the deal, a double-edged sword must be careful and good management of capital
Trading and high liquidity in the market

[skfx]

Forex bohat acha online earning business hai. Es business mai ap learning aur experience ki msdad say stratrgy bsna sakty ho. Phr es strategy ki madad say market mai target base profit bhe basil kr sakty ho

[munibkhan]

dear forex market mein aik acha successful trader banna itna mushkil nhi hota hai hamen trading ko learn karna hota hai phar hamen forex market mein hamen apni trading method hamen bnana hota hai

[SHEIKHANSARI460]

to become a successful trader you should follow these points.
first do analysis in your favorite currency pairs.
Secondly develop strategic plans.
Thirdly develop money management and risk management plans.

[adilbadsha]

If you wants to become successful forex trader then you should get complete knowledge, information, skills and techniques which are used in forex trading. If you have complete knowledge and information regarding forex trading then you can easily get success in this business. If you are beginner then firstly create demo account for practicing purpose and spend 3 to 4 hours daily 1 or two months on forex trading and get experience. Forex is a business of learning. Without experience you cannot be successful in this forex trading.

[Ahmed123]

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 t

[munibkhan]

dear hamen forex market mein hamen successful trader banny k liye hamen trading ko learn karna hogy hamen forex market mein hamen apni emotions ko hamen pehly control karna hogy achi tarah se

[Ahmed123]

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.