Become a Successful Forex Trader.

[hendarto]

have the ability and patience sya think this is capital that are essential for success in the forex business. and to be successful must be through the experience step by step. because I do not think it could be instant success in the forex world.

[mhchomsi]

becoming a successful trader is who can make a profit with the opportunities that exist. well it's low price and high prices. because in forex is that we can be a buyer or seller at once. So grab the chance of success is very wide open

[kibara]

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.

For the becoming a successful trader the key is to keep learning. Another great step can be consulting on forum sites like this and live communication with expert traders. If a trader breaks the discipline of learning for just one day, there creates a gap in learning session. So, for success a trader has to be consistent as well.

[saintboy]

all forex winner does have one thing in common: they are good at managing their EQ (emotional intelligence) in trading. They know how to govern themselves, manage their emotions and feelings are not supposed to remove, they work against the "natural human instinct" which is the main cause of the success of all merchants and obstructions.

[boniez]

It need really long time for majority of traders to become comfortable with right trading, trading without sufficient knowledge trading is like leaving money on the table, and in a risky game like gambling.

start in the demo account, then you can try the simplest thing is to do the analysis starts with the easiest strategy such as moving average crossing. then later on have understood it if you could do to a more advanced stage

[yogesh]

It need really long time for majority of traders to become comfortable with right trading, trading without sufficient knowledge trading is like leaving money on the table, and in a risky game like gambling.

[seahawks90]

thik kaha bhai mehnat ka kafi bada roll hota hai forex mein, mehnat karne se hum apni knowledge ko badiya bana sakte hai, forex mein main cheez ye hota hai ki mehnat karo knowledge gain karo aur safal ho jao.

bhai iss field mein agar koi trader mehnat hi nahi karega toh pakka hai ki woh iss field mein zyada der tak survive nahi kar sakta hai aur naa hi iss field mein accha profit kama sakta hai kyonki accha profit kamane ke liye mehnat bhuat zaroori hoti hai iss field mein bhai.

[terajana]

to become a successful trader, the trader must have a good trading skills and can have a strategy that can allow them to get a lot of profit in trading, the trader must be able to strive with a maximum capabilities ..

[Lyubov]

Forex at the moment can be used as an alternative business to earn income and its existence has been done by many people.
Forex as a perfect business does not for sure suitable for everyone, only people who have mental armor and extra patient who can exist and succeed in the forex world.

[Techno]

Succeeding in the business of forex currency exchange trading has a lot to do with agreeing and understanding how to trade forex markets. As long as we keep getting adequate forex knowledge, we will keep improving as traders.

to become a successful trader, we need to learn to be able to do the analysis properly.
if we are able to analyze the market properly, then we have a very high probability to succeed in a trade. thus, the trade can do to generate profits for traders. This will greatly support the trader to continue to generate a consistent profit.