Never make a trade until you have sound reasons to believe that it will be winner.

[Farooq787]

Ye baat bilkul durust hay kay hamain us waqt tak trade open naheen kerni chahiye jab tak hamain ic baat ka pura yaqeen na ho kay hum ye trade win karain gay aur bohat say trader sirf trade open ker detay hain aur baqi kisi cheez ka khiyal naheen kertay ic liye wo loss face kertay hain.

[mark48]

yes very correct saying that we have some sound reason to believe that we will be winner in that particular trade,but i think it's all depends upon our market analysis and market condition..

[erikalui]

I watch the market to see what is the state of all currency pairs and then say my prayers and start buying and selling. This has been my strategy for a long time and I have seen success and failures as well but thankfully my success has been more than my failures. I never trade unless I am sure of what I am doing and make sure that I will not be in a loss.

[fxearner]

Yes of course, a forex exchange trader actually needs to make sure that they make the right analysis before they open their trades in forex trading. This is a great tool that helps them to make less mistakes

hanji bhai forex trader ko apni trade open karne se pehle market ko achhe se analysis karna hota hai uske baad hei usko apne trade aur target ka pata chalta hai,trader ko aisa system chahiye hoga jo usko trend aur market ke baarein mein abatde fir wo apni trade open kar sakta hai..

[KORSEL]

i think its not important for me because i am doing short trades and even with small fluctuations with 6 to 10 pips i am earning from that small fluctuations in market every hour...it is to be noted i also have to bear loss many time

as long as we are using this trading safely is not an issue before we actually have the ability in this trade because I believe that good traders are able to pass this trade with all the hurdles that will be able to succeed and during that process we as traders should be more patient in business this

[wnhw99]

i think its not important for me because i am doing short trades and even with small fluctuations with 6 to 10 pips i am earning from that small fluctuations in market every hour...it is to be noted i also have to bear loss many time

[ishvara]

Do you trade just to trade or see which way market goes or find out an opportunity which give you belief that you shall win? You should never make a trade unless you absolutely believe it will be a winner.

Yes of course, a forex exchange trader actually needs to make sure that they make the right analysis before they open their trades in forex trading. This is a great tool that helps them to make less mistakes

[Razor1911]

Obviously we must only open a position when the market condition is appropriate for it, If a trade make trading study for his trading than this become easy for him to find our the potential trade. Because when trader will have knowledge with him than that will always help the traders to earn reasonable profits.

[samarkan]

forex can be traded for a living and I also saw a lot of people in forex trading and revenue for their lives.
We should be able to do the analysis myself, so if there is something wrong with the analysis.

[aborik]

That is right,enter the market only if you have 90% trust with your market analysis. If you fail then accept it as part of your learning. Always learn to stand by your own market analysis and predictions. It is one way of developing your self confidence in trading.