Become a Successful Forex Trader.

[mohibbaba]

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.

practice make man a perfect successful trader bnnane kay liye time ka nikalna bahut zaruri hai 4 hours of a day daily kam krna indicators charts dealing leverage pending order stop loss profit loss har chezz pey abur hasil krna hoga

[heru]

In order to bring a successful trader must learn how to apply this trader technical analysis first before you start in Forex
And must learn everything about capital management even knows when and how to enter and leave of deals and is entered into by the ratio of the volume of capital

true boss, to become a successful trader we must learn to analyze either using technical or fundamental analysis, we must also be able to use money management, with money management, we can minimize the risks that will occur in our trading account

[rafimh]

Everyone wants success in forex market. Hope you will get success and it will help you and your family.

[nkem]

thank you so much for bringing this post to us. how i wish that new traders will read it and apply is because like you rightly said, the success in forex is not due to any system but actually due to the traders mentality which is actually looking for the shortest possible way to success in forex.

[mashiur123]

i believed that business is opposite name risk. if you want to do the business either you are profitable neither you are loser. if you wants to doing the business must be taking the both side.

[bhagawanta]

yup!to be a succes trader is not easy..need a great willing to study continously,and i think its a never ending lesson that will find in forex to study..maybe forex trading is just to buy or sell,its simple but its not easy,there would be a great chalange waiting for us,its hard to be a success trader,but its not imposible!!lets learn again!!goodluck!

[Hansip]

When you want to success in the forex trading then it is necessary to set your strategy and must run according to them, Similarly a strategy in forex trading is like a weapon for a trader to enter the market and win his trades.

success is not easy.i think earning success from any business is very difficult.everybody has to do a lot of hard work for making success.if you have good knowledge and the best strategy of trading then you will must get success.

[mashbahah]

For me, no need to fear about the little successful trader in forex trading because the origin confident and serious in learning successful trading will definitely trading and may in fact play forex trading is easy but the traders himself who make it complicated

[goodprofit85]

I think it is right that all of trader want to become successful Forex trader in the world and i am also want to become successful Forex trader in the world. But i think it is so difficult to become successful Forex trader. If i can get experience, strategy, control emotions and greed on trading than one day i must be come successful Forex trader.

[lihan]

When you want to success in the forex trading then it is necessary to set your strategy and must run according to them, Similarly a strategy in forex trading is like a weapon for a trader to enter the market and win his trades.