What are the requisites to become successful in trading?

[mayengbam]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here

[mayengbam]

In my opinion the eagerness to learn is very important, "Great leaders are great students" we should never forget that, so to be successful we should be enthusiastic and have an eagerness to learn then only we can become successful. Besides that a constant practice / trading is essential because hands on experience are far more than bookish knowledge. so Learning and practice will make a trader successfull thats what i believe

[pivot-trader]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

[mayengbam]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

yea buddy hard work never goes in vain, many think that forex is easy money but its not so, forex need time and hardwork so when a newbie found out that its not too easy they leave telling forex is 95% losing business and only those remaining 5% work hard in-spite of the difficulties and achieve success

[blackprince4u]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

Hardwork never goes in vain. You should practice and gain more and more experience on demo and some bonus accounts if you become a successful trader than you don't have to deposit from your pocket you can just trade with bonus money and get the profit.

[mayengbam]

Hardwork never goes in vain. You should practice and gain more and more experience on demo and some bonus accounts if you become a successful trader than you don't have to deposit from your pocket you can just trade with bonus money and get the profit.

I agree, do hard work and learn the system and master forex, that is the most important thing, about the investment we need not worry as there are plenty of options to get it. and newbies will find out in their course of learning how to get these investments

[denira]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here

last few days I read a review the story of a successful trader that one cause of failure was due to inability to master the psychology of successful trading and trade is the trader that is able to master the trade Psikology

[pivot-trader]

Hardwork never goes in vain. You should practice and gain more and more experience on demo and some bonus accounts if you become a successful trader than you don't have to deposit from your pocket you can just trade with bonus money and get the profit.

yeah, i hardwork to learning. i not just silent and wait the lucky come with me. but i try to find the lucky.

[mayengbam]

yeah, i hardwork to learning. i not just silent and wait the lucky come with me. but i try to find the lucky.

Right dude, never wait for luck its not certain. Hard work is the key and remember Fortune also favours the brave only. do hardwork in learning and trading thats the only solution to get our goals

[denira]

Right dude, never wait for luck its not certain. Hard work is the key and remember Fortune also favours the brave only. do hardwork in learning and trading thats the only solution to get our goals

hard work and praying that the key was a friend and in the process to be successful in forex time frame to get a better understanding we can not avoid because the time to give us experience in this business

[anubhavsingh]

Agar aapko 1 successful forex trader ban na hai to aapko kuch baaton ka hdyaan rakhna padega...
1- aapko proper technical aur fundamental studies karni hongi...
2- aapko market ko proper time denah oga
3- account me enough balance hona chahaiye
4- greed aur fear se bach ke rehna chahaiye
5- apne se senior traders ko follow karna chahaiye

[mayengbam]

Agar aapko 1 successful forex trader ban na hai to aapko kuch baaton ka hdyaan rakhna padega...
1- aapko proper technical aur fundamental studies karni hongi...
2- aapko market ko proper time denah oga
3- account me enough balance hona chahaiye
4- greed aur fear se bach ke rehna chahaiye
5- apne se senior traders ko follow karna chahaiye

I believe a good computer system with a good internet connection is a very important requisite to trade also. We know how it is quite frustrating when requotes pop up every now and then if the net connection is slow.

[dead]

I believe a good computer system with a good internet connection is a very important requisite to trade also. We know how it is quite frustrating when requotes pop up every now and then if the net connection is slow.

not to interfere with the quality of our trade due to errors of internet connection do we have these problems because of losing money in case of internet connection problems

[mayengbam]

not to interfere with the quality of our trade due to errors of internet connection do we have these problems because of losing money in case of internet connection problems

Yeah if we have slow internet connection our trade/position cant be open/close as we desire because a requote pop up will come up frequently and its quite frustrating. Wemay lose profit also if we cant close the trade as we want due toslow speed

[pinpin]

to be successful it takes time to learn
learn to control emotions well
learn good money management
making systems and rules of good trade and many other factors that we get from our experience

[alwi]

to be successful it takes time to learn
learn to control emotions well
learn good money management
making systems and rules of good trade and many other factors that we get from our experience
yeah for me to start something or trade of small accounts is a good thing in my opinion because then we will train step by step to be able to control our emotions and that's a good move in my opinion

[mayengbam]

yeah for me to start something or trade of small accounts is a good thing in my opinion because then we will train step by step to be able to control our emotions and that's a good move in my opinion

Yes to learn forex, doing real trade with real account is vital. Real accounts create a conducive environment to learn. So opeing a small real acount is necessary to learn the system properly

[arjun]

Yes to learn forex, doing real trade with real account is vital. Real accounts create a conducive environment to learn. So opeing a small real acount is necessary to learn the system properly

I agree with you, but if you did not have money, you can use a bonus account to learn. both are equally as affecting our psychology.

[dead]

Yes to learn forex, doing real trade with real account is vital. Real accounts create a conducive environment to learn. So opeing a small real acount is necessary to learn the system properly

I agree with you that somehow we must dare to make a real trading account to practice even though we will lose the money we have

[denira]

Absolutely buddy, a real account with $10 is sufficient, just open it and feel the difference. i bet you will quit the demo

yeah you are right even though we only use $ 10 of capital only after all our aim is not look for profit but how do feel the workout in a real trading account if we can be grateful for and if we can repeat statements

[mayengbam]

yeah you are right even though we only use $ 10 of capital only after all our aim is not look for profit but how do feel the workout in a real trading account if we can be grateful for and if we can repeat statements

thanks buddy for the compliment, learning with some involvement is always better than learning for namesake. if we want to be successful we should involve ourselves in the learning process actively. its always better to be a good student sitting among the front benches and participate in the discussion rather than sitting in the last row and having a nice nap.

[pinpin]

yeah for me to start something or trade of small accounts is a good thing in my opinion because then we will train step by step to be able to control our emotions and that's a good move in my opinion
yes it's true
because experience is the best teacher
and in this business we are required to survive in the face of this risky business

[arjun]

yes it's true
because experience is the best teacher
and in this business we are required to survive in the face of this risky business

I agree with you, the longer we stay, the more experience we can get.
and the more experience, the more adept we are facing the market.
then think about getting the maximum benefit.

[soumen]

ek accha trader hone ke liye kai are chiz ki jarurat he. jaise ki knowledge, time, aur ha practice, aur apne sikhne ki iccha,emotion ko control karna sikhna chahiye.
ek accha trader aap tab ho paoge jab ki aapke winning ke percentege jyada ho loss se. tabhi ja ke aap ek accha trader ban paoge.

[Raja Krsnan]

A trader needs to be practical in his approach. He must be prepared to take risk, must take responsibility for all his actions. Must take decisions, whatever that may be. A trader is an independent entity and he cannot wait for some one else to make decisions for him. whatever has to be done, he alone must do it.

[mayengbam]

A trader needs to be practical in his approach. He must be prepared to take risk, must take responsibility for all his actions. Must take decisions, whatever that may be. A trader is an independent entity and he cannot wait for some one else to make decisions for him. whatever has to be done, he alone must do it.

rightly said dude, thats why we need to constantly update our knowledge and follow the market and trade consistently to gain more experience. These are the factors which will make the quality of our analysis better

[blackprince4u]

rightly said dude, thats why we need to constantly update our knowledge and follow the market and trade consistently to gain more experience. These are the factors which will make the quality of our analysis better

Also we should learn from our previous mistakes and do not make the same mistakes again.we should also keep improving our strategy and modify it till it becomes good enough to give consistent profits.

[mayengbam]

Also we should learn from our previous mistakes and do not make the same mistakes again.we should also keep improving our strategy and modify it till it becomes good enough to give consistent profits.

thats axactly what we should do, we should treat our failures(losing positions) as a good lesson to learn and mend it in time so that we dont face the same situations again. and its very important for our success

[Raja Krsnan]

While learning from our mistakes and trying not to repeat it, one must also understand that we live in a very dynamic world which throws up many surprises. Use very simple methods that does not need to be changed every now and then. such simple strategies or methods work in almost all kinds of situations yielding good results.

[alwi]

While learning from our mistakes and trying not to repeat it, one must also understand that we live in a very dynamic world which throws up many surprises. Use very simple methods that does not need to be changed every now and then. such simple strategies or methods work in almost all kinds of situations yielding good results.

well once you say that we do not often change the system we use because it could be we will become confused and can never be what we want

[mayengbam]

right. trading plan or strategy should be made simple. a complex plan will be difficult to digest and has no guarantee that it will always result in profit. And we should always stick to the plan and should test it for a few days and never try to experiment everyday changing it.

[pinpin]

right. trading plan or strategy should be made simple. a complex plan will be difficult to digest and has no guarantee that it will always result in profit. And we should always stick to the plan and should test it for a few days and never try to experiment everyday changing it.
true, if we already have its own strategy
and still trying to experiment with other strategies, would be a waste of time
better we are faithful to our own strategy
but at least we should try to fix it, because somehow the market will be different between now and the future

[Raja Krsnan]

Trying out new strategies is a good idea. If any element of the new one can be incorporated into the one we are using presently, then it should be explored, if necessary. Mostly these changes need to be introduced to suit particular situations or phases of market behaviours. But the main trading plan or strategy should remain the same with provisions of situation based additions or deletions of certain components from it whenever it is necessary.

[arjun]

true, if we already have its own strategy
and still trying to experiment with other strategies, would be a waste of time
better we are faithful to our own strategy
but at least we should try to fix it, because somehow the market will be different between now and the future

I agree with you, and indeed all traders should follow your advice,
I recently found a system that fits a few months ago,
and now I feel a change in its use,
I became more tau deficiency and excess.

[denira]

I agree with you, and indeed all traders should follow your advice,
I recently found a system that fits a few months ago,
and now I feel a change in its use,
I became more tau deficiency and excess.

wow good friend means you have to immediately distribute it to other friends because then you will continue to remember the weakness and advantages of your trade

[anubhavsingh]

market ki condition aur trend hamesha change hota rehta hai..isliye ek hi strategy ope depend nahi reh sakte
aapko time ke sath aur market ki condition ke stah apni strategies bhi change kanri padti hai,...iske liye ya to aap khud study kar ksate hai ya fir kisi experianced trader ki madad le sakte hai..

[dead]

wow good friend means you have to immediately distribute it to other friends because then you will continue to remember the weakness and advantages of your trade

by sharing knowledge with others I thought it was petrified us to increasingly more knowledge because we will continue to refine our thinking

[arjun]

by sharing knowledge with others I thought it was petrified us to increasingly more knowledge because we will continue to refine our thinking

to impart knowledge to others, we automatically repeat the lesson,
therefore, we automatically become more proficient and more mastered what we give.

[alwi]

to impart knowledge to others, we automatically repeat the lesson,
therefore, we automatically become more proficient and more mastered what we give.

Well that's what we do share so that the repetitions in the knowledge that has been good we get

[Raja Krsnan]

Merely repeating the knowledge alone wont do. we need to see if we can apply it to real life applications, in this case trading. we must be aware that we are limited by many things and must only apply those which we can try out with good success rate. all infos or strategies are not good for everyone as each one of us use these differently because we all think differently.

[anubhavsingh]

Merely repeating the knowledge alone wont do. we need to see if we can apply it to real life applications, in this case trading. we must be aware that we are limited by many things and must only apply those which we can try out with good success rate. all infos or strategies are not good for everyone as each one of us use these differently because we all think differently.

Strategies depends on condition to condition
Same strategy will not work in different condition or different currency pair..We have to analyse all pairs differently and then we have to adopt diiferent skills to handle them,

[denira]

Strategies depends on condition to condition
Same strategy will not work in different condition or different currency pair..We have to analyse all pairs differently and then we have to adopt diiferent skills to handle them,

exactly once each partner has a different character and we use different strategies to handle it well in order to get maximum results

[mayengbam]

Strategies depends on condition to condition
Same strategy will not work in different condition or different currency pair..We have to analyse all pairs differently and then we have to adopt diiferent skills to handle them,

agree but i believe we should not change our strategies frequently, we should give enough time to feel, learn and experience the strategy.

[arjun]

agree but i believe we should not change our strategies frequently, we should give enough time to feel, learn and experience the strategy.

the longer we use a system then we will semaki proficient,
because we will surely find many errors that can be fixed,
as we have friends, the longer we can adjust to it.
let's just say it was a friend of the system.

[anubhavsingh]

agree but i believe we should not change our strategies frequently, we should give enough time to feel, learn and experience the strategy.

Yes brother i agree with your views
If we are making a strategy after investing our time, we should get full use of it and then we should move on with other strategy..
I am not saying to chaneg strategies very frequently..Its just when you think that its time to move on, then you hsoukld go for other strategy

[dead]

Yes brother i agree with your views
If we are making a strategy after investing our time, we should get full use of it and then we should move on with other strategy..
I am not saying to chaneg strategies very frequently..Its just when you think that its time to move on, then you hsoukld go for other strategy

would be much better as well when we master a good strategy then we learn that yet another strategy for not learning will never end

[alwi]

Yes brother i agree with your views
If we are making a strategy after investing our time, we should get full use of it and then we should move on with other strategy..
I am not saying to chaneg strategies very frequently..Its just when you think that its time to move on, then you hsoukld go for other strategy

as long as we have the focus to it I think it never hurts to keep learning the system and as long as we are able to it but do not interfere with our trade focus

[mayengbam]

Yes brother i agree with your views
If we are making a strategy after investing our time, we should get full use of it and then we should move on with other strategy..
I am not saying to chaneg strategies very frequently..Its just when you think that its time to move on, then you hsoukld go for other strategy

yes the point is giving enough time to analyze the strategy and study it. if we are going to change a strategy just because it gives us a couple of losses is not the right thing because no strategy is perfect and no one can predict the market with 100% accuracy

[shibilyt]

i don't know but patience has a great role to play in the life of a good trader. because when we trade we often get's losses and also we may face problems like greed . to avoid the bad effects of these on our trades we shall try to get the hold of our mind . and another thing i would say is a better capital is something that would be highhly needed in forex market . because with lower capital we'll have to keep our strength to lower limits to keep it right there.

[anubhavsingh]

i don't know but patience has a great role to play in the life of a good trader. because when we trade we often get's losses and also we may face problems like greed . to avoid the bad effects of these on our trades we shall try to get the hold of our mind . and another thing i would say is a better capital is something that would be highhly needed in forex market . because with lower capital we'll have to keep our strength to lower limits to keep it right there.

Maien pehle bhi ye baat boli hai ki experiance aur patience forex market ki soul hai...
Jitna zada apek apas experiance hoga aap utne ache se trade kar payenge aur patience aapko bure waqt me situation handle karne ki ability dega

[denira]

yes the point is giving enough time to analyze the strategy and study it. if we are going to change a strategy just because it gives us a couple of losses is not the right thing because no strategy is perfect and no one can predict the market with 100% accuracy

I started thinking maybe it is correct we can not make an analysis with an accuracy of 100% TRUE BUT MAYBE WE CAN START THINKING THAT WE CAN 100% profit in every transaction, one can discuss?

[mayengbam]

Well if we can make 100% profit in all our positions we open, then we will be the best trader in this world, i guess. In my opinion we should learn to accept our loses just like we accept our wins, though its hard to digest the loses. What we must know is that the big traders or the successful traders out there in this business doesnt win all their positions, they also lose like anybody but the big difference is that they accept the loses and cut it short.

[pipsdragon]

I started thinking maybe it is correct we can not make an analysis with an accuracy of 100% TRUE BUT MAYBE WE CAN START THINKING THAT WE CAN 100% profit in every transaction, one can discuss?

is you mean we always can win in each transaction? if correst, my answe is can not. no one can win in each their transaction.

[dead]

is you mean we always can win in each transaction? if correst, my answe is can not. no one can win in each their transaction.

could be a friend because after all the opportunity we were wrong in putting the transaction was always wide open so it does not allow us to be able to profit in every transaction

[alwi]

could be a friend because after all the opportunity we were wrong in putting the transaction was always wide open so it does not allow us to be able to profit in every transaction

I agree with your opinion that the name somehow make a deal that's for sure there is a gap we are to get a loss and it is very unlikely to get profit continuously

[denira]

I agree with your opinion that the name somehow make a deal that's for sure there is a gap we are to get a loss and it is very unlikely to get profit continuously

like what I've said that in the forex profit and loss is the part that can not be avoided because it is a real part in this business

[arjun]

I agree with your opinion that the name somehow make a deal that's for sure there is a gap we are to get a loss and it is very unlikely to get profit continuously

yes you are right, there is always the gap we will experience a loss.
because we are predicting the price, and we do not know the future, and we do not know where prices will move.
so we need MM to reduce the risk posed.

[anubhavsingh]

yea buddy hard work never goes in vain, many think that forex is easy money but its not so, forex need time and hardwork so when a newbie found out that its not too easy they leave telling forex is 95% losing business and only those remaining 5% work hard in-spite of the difficulties and achieve success

Sincerely aur properly kiya hua work kabhi bhi aapko nuksan nahi dega
Forex trading me aapko kayi baato ko dhyaan me rakhte hue trade karna hota hai..agar aapki analysing skills achi hoti hai to aap forex se bahut paisa kama sakte ho

[pinpin]

yes you are right, there is always the gap we will experience a loss.
because we are predicting the price, and we do not know the future, and we do not know where prices will move.
so we need MM to reduce the risk posed.
and forex remains a mystery
where gains and losses so close to us
by using the MM we can minimize the loss

[shreebabu14]

Most of traders start trading without proper knowledge of forex techniques and a results face losses. To become a successful trader a trader should be well educated with forex techniques and fundamentals. A good money management is the key factor of success in forex trading. Every trader should learn the money management skills.
i agree wit malik b'cos one should be having patience n time n knowledge wit out ths a trader is not a trader but he his a gambler. one of my frnd suffered a huge loss without ths main 3 things. one request for newbies to be patient first.

[arjun]

i agree wit malik b'cos one should be having patience n time n knowledge wit out ths a trader is not a trader but he his a gambler. one of my frnd suffered a huge loss without ths main 3 things. one request for newbies to be patient first.

yup,You are right. if we wait then we have many opportunities to learn.
due to the nature of the patient, our account will last a long time. and we will have more opportunities to gain experience.

[zoomfire]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here

the most biggest requirement in forex trading is discipline and trading with proper rule.Many often sketch out a good MM rule but they fail to follow it and finally they lose it.
so to attain success one should trade wit proper MM and patience and should not misuse high leverage.

[mayengbam]

I also believe that a good environment is also a prime requisite for success in trading. because if we are constantly disturbed every now and then due to many factors, it would disturb our minds and wont be able to concentrate on what we do.

[medhat4forex]

It is known that the methods succeed in circulation is the first to learn technical decomposition well and mastered by and then you open a demo account in order to try trading on a demo account

[denira]

Its the biggest problem when traders are new.Its the reason why newbies lost money in forex.And when they know how to conquer the fear and learn forex, they become pro traders.

[soumen]

I also believe that a good environment is also a prime requisite for success in trading. because if we are constantly disturbed every now and then due to many factors, it would disturb our minds and wont be able to concentrate on what we do.
bilkul sahi farmaya apne. dimag ka thik hona forex me important he. agar aap disturbed ho to aap forex me apna dhyan nehi de payenge. aur aap ka trading bigar jayega. to pehle apne mahol ko thik kihiye phir trding me aye.

[mayengbam]

yeah thats why trading in an environment conducive for trading is a very important thing and a necessity to succeed. we need attention and concentration to what we do and if it is not possible to concentrate naturally the result will not be good as we expected.

[dead]

yeah thats why trading in an environment conducive for trading is a very important thing and a necessity to succeed. we need attention and concentration to what we do and if it is not possible to concentrate naturally the result will not be good as we expected.

really all what you convey because somehow we need the name of trade conditions that are conducive to helping us better concentration and focus

[pipsdragon]

Yes, and you should always money management rules and you should not forget to place SL to you trade and it should not be wider than 2% or 2.5% of your capital.

yups, do not forget to use money management if you not want to burn all yours money.. :p just advice from a newbie..

[vicky]

FXtrading main sab se jyada needed hai vo hai peace and koi jaldbaaji nahi.
agar aisa kiya to hi hum 1 acche trader ban sakte hai.
agar thoda bhi greedy bane to loss suffer karna hi hoga and ye hi quality sabme hoti hai greed ki.

Exactly correct . here we need patience and willingness to learn and patience and leave such mentality to it depend on luck and its gambling . anyway i believe if anyone do such heartily then success must come to him and at the same time we need continue practice because all we know practice man perfect.

[anubhavsingh]

yups, do not forget to use money management if you not want to burn all yours money.. :p just advice from a newbie..

money management is very important in forex trading
It means you hsould properly have a plan that how much you have to invest in trading from your savings and in trading, which lot and how many lots should you trade at a time..
Forex trading is all abouit money management and time managemnt

[mayengbam]

really all what you convey because somehow we need the name of trade conditions that are conducive to helping us better concentration and focus

i was talking about the environment/surrounding conditions of your room and about the room itself. There are some people who can concentrate even in noisy conditions but in general most of the people aren't able to concentrate in busy/noisy environments and it can hamper in the trading process. And one also need a separate room for trading because if anyone, may be kids, family members or friends keep disturbing you every now and then about petty matters then it will be quite irritating and obviously it will be reflected in the trading itself which i not good.

[vicky]

money management is very important in forex trading
It means you hsould properly have a plan that how much you have to invest in trading from your savings and in trading, which lot and how many lots should you trade at a time..
Forex trading is all abouit money management and time managemnt

Money management is one of the step to save our capital and if we unable to do it then its really hard to manage our capital because then we will not have any plan. anyway money management and good trading plan can give us significant profit .

[anubhavsingh]

Money management is one of the step to save our capital and if we unable to do it then its really hard to manage our capital because then we will not have any plan. anyway money management and good trading plan can give us significant profit .

AApne ekdum thik kaha
successful trader banne ke liye money management bahut hi zaruri hota hai kyunki bina money management ke aap kabhi bhi apne money klo thik se use nahi kar paoge
Iske alawa time management ki bhi bahut zarurat hoti hai kyunki thik time pe thik trade open karna aur usse thik time pe closek arna bahurt zaruri hota hai

[fravash]

i think a successful trader is combination of 3 things, technique(whether chartist os fundamentalist), mentally strong (pyschological factor over here) and experience, with those 3 combination you will be a complete trader and you can play with the market

[arjun]

i think a successful trader is combination of 3 things, technique(whether chartist os fundamentalist), mentally strong (pyschological factor over here) and experience, with those 3 combination you will be a complete trader and you can play with the market
yes I agree with you,
but the first thing we find is a good technique,
so that it can create a good learning experience too.

[blackprince4u]

yes I agree with you,
but the first thing we find is a good technique,
so that it can create a good learning experience too.

Well i say that choose a style like scalping intraday or swing and than start by your own strategy and if you get loss ponder over the reasons and modify the strategy if you get loss again than again modify your strategy and keep modifying until you generate consistent profits.

[vicky]

yes I agree with you,
but the first thing we find is a good technique,
so that it can create a good learning experience too.

i am agree with you because without good strategy its really hard to make consistent profit from our trade and trully saying from many days i am trying but still not get such strategy which give me consistent profit . so i think we need to keep pursuing it untill it not come to us and i am still trying to find and not giving up untill i dont find.

[ganguly]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

[anubhavsingh]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

you are right brother
successful trader needs to be menatlly strong so that he can analyse market strongly and then open and close his trade
This proces require lots of experaibnce and studies..For becoming successful trader, you have top spend lots of youyr time in front of forex screen

[motiurbd]

Money Management, Good Analysis, Sound Trading System, Discipline, Well Informed and Most Importantly Emotionless... These are the pillars to be successful in this biggest and most volatile market of this earth

[denira]

yes, i agree, at the beginning a trader have to choose whether they will be a scalper, swinger or other. its a hard thing to do if we combine them all, let alone newbie, some pro are specializing their self with a trading style. Off course it will be good if we able to win on any trading style

of friends they need to have their specialties to make it easier for us to recognize our own trading style should not have a lot of trading style, but we do not understand it well

[anubhavsingh]

I believe a good computer system with a good internet connection is a very important requisite to trade also. We know how it is quite frustrating when requotes pop up every now and then if the net connection is slow.

Aapki bat bhi thik hai bhai
computer aur net connection sahi hona bhi bahut zaruri hai forex ke liye...forex ko seirusly karna bahut zaruri hota hai kyunki agar aapse koi acha chance miss ho jata hai to fir ache chance ke wait karna apdta hai ..iske liye aapka internet aur computer ekdum sahi hona chahaiye

[makjon]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.


same with me bro,..

i want to succes in trading too,..please for master on trading share tips in here about how to be a succes on trading

[anubhavsingh]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

forex me bahut saari cheeze hai seekhne ke liye jinhe seekhne ke bad hi aap ache trader ban sakte hai
iske liye aapke poaas jitna zada experiance hoga utna apke liye acha raehga..forex is all about experiance

[fravash]

of friends they need to have their specialties to make it easier for us to recognize our own trading style should not have a lot of trading style, but we do not understand it well
yes brother, by experience you will recognize your best trading style:)

same with me bro,..

i want to succes in trading too,..please for master on trading share tips in here about how to be a succes on trading
they wont declare their self as master brother, you can recognize whether he/she is a master or not by looking at their trading result:)

[vicky]

indirectly I think the seniors have to share their wealth of experience and knowledge in the trade on this forum it's just that we should be keen to see it my friend

I also think so but trully saying sometime i found this and most of the time i dont find this . anyway i think if they really share with us then many newbie trader will get help no doubt but i think they have to share mentality first .

[anubhavsingh]

yeah, i hardwork to learning. i not just silent and wait the lucky come with me. but i try to find the lucky.

agar aap ache se hard work karte ho to aap forex tarding ke master ban sakte ho
forex trading em skills ke alawa ah ard work ki bahut zarurat hoti hai
hardwork is the key to sucess in forex trading

[fravash]

countless sources of information that we can get from the forum but you can do the mapping of what you can learn from the forum, analysis, psychology and money management

actually we have to filter any information that we received since not all information is right, to decide whether something right or wrong you have to test it(i mean something like strategy, indicator or EA that we get from the forum):)

[preetksgill]

Yes, patience is also very important in forex trading. If you will lose patience you will in fact loose your hardly earned money. It is the best advise for newbies.

[mayengbam]

actually we have to filter any information that we received since not all information is right, to decide whether something right or wrong you have to test it(i mean something like strategy, indicator or EA that we get from the forum):)

yeah that is the basic problem faced by all the traders. internet is the source of information we all know but the problem is to identify the good ones from the rest of the junks. which is in fact a critical factor which determines ones success

[anubhavsingh]

Hardwork never goes in vain. You should practice and gain more and more experience on demo and some bonus accounts if you become a successful trader than you don't have to deposit from your pocket you can just trade with bonus money and get the profit.

agar aap forex market ko apna time aur mehnat dete ho to wo kabhi bhi waste nahii hogi aur aapko uska result bhi bahut acha milega
sirf luck pe depend rehna thik nahi hai forex trading me..apni mehnat pe depend rehna bahut zaruri hai

[preetksgill]

money management is very important in forex trading
It means you hsould properly have a plan that how much you have to invest in trading from your savings and in trading, which lot and how many lots should you trade at a time..
Forex trading is all abouit money management and time managemnt

[preetksgill]

if we wait then we have many opportunities to learn.
due to the nature of the patient, our account will last a long time. and we will have more opportunities to gain experience.

[Victoryindia]

stop loss karna used karo aur money management acha se karo aur zyada lalach na karo aur intezaar karno sikho, kyunki patient is the most important thing in forex market to get succeed

[anubhavsingh]

While learning from our mistakes and trying not to repeat it, one must also understand that we live in a very dynamic world which throws up many surprises. Use very simple methods that does not need to be changed every now and then. such simple strategies or methods work in almost all kinds of situations yielding good results.

apni mistakes se seekhna bahut hi zaruri hota hai
jo trader apne losses ko thik se analyse karta hai wo aage chal ke bahut hi sucessful trader banta hai
har trader ko apne loss aur a[ni galat deal ko thik se study akrte hue aage trading karni chahiye

[SG Trader]

money management is very important in forex trading
It means you hsould properly have a plan that how much you have to invest in trading from your savings and in trading, which lot and how many lots should you trade at a time..
Forex trading is all abouit money management and time managemnt

i agree with you friend, money management and time management is the key our success if we are do well.
many trader only can do money management but , they not manage their time well. we should manage our time in trade, do not see on your chart fully in a day

[mayengbam]

i think all business need hard work and successful strategy..here also consider it..all forex trader shud have enough knowledge.

And having the best knowledge is not enough to succeed, there are are lots of people who have very good and innovative ideas even then they are not successful. Why? they lack the guts to work out or getting involve in the process actively and they quit on the first hurdle. So its very essential to possess the quality of having patience and never to quit until the desire result is achieved.

[Ganesh]

:) i think the best reuisites will be the quality to learn and grasp from this business, coz most of the time i havew seen ppl who get scarce info and start off thinking they know it all, for me the best way sare to get all around the thing so tht you may be able to get the best for everytime you step in:peace:

[mayengbam]

a good knowledge of the market and the ability to analyze it well is the prime requisite to be succesfull in this field. and this quality cant be acquired easily, one needs years of experience to be able to analyse the market more accurately

[Victoryindia]

:) i think the best reuisites will be the quality to learn and grasp from this business, coz most of the time i havew seen ppl who get scarce info and start off thinking they know it all, for me the best way sare to get all around the thing so tht you may be able to get the best for everytime you step in:peace:
ha bhai hume kabhi ye nahi khena chahiye ki hume sab kuch aata hai , ye ek asia business hai aapne kitna bhi sikh jayoeaga par pura nahi hoga, har din kuch naya sikane milta hai

[sagar]

To become successful in trading foreign currencies you learning and permanent work every day and follow the news and the price of currencies and the news is affecting and influencing the market and read magazines and books, specializing in Forex

[mayengbam]

:) i think the best reuisites will be the quality to learn and grasp from this business, coz most of the time i havew seen ppl who get scarce info and start off thinking they know it all, for me the best way sare to get all around the thing so tht you may be able to get the best for everytime you step in:peace:

yeah i agree, to have a quality information and knowledge will quicken the process of gaining good experience. so a good source of information is vital for all

[anubhavsingh]

a good knowledge of the market and the ability to analyze it well is the prime requisite to be succesfull in this field. and this quality cant be acquired easily, one needs years of experience to be able to analyse the market more accurately

market ki achi knowledge hona bahut hi zaruri hota hai ache trader ke liye
iske alawa proper analysis bhi bahut zaruri hai
techncial analysis ke help se aap kafi achi tarah market me tarding kar sakte ai

[cumil]

To become successful in trading foreign currencies you learning and permanent work every day and follow the news and the price of currencies and the news is affecting and influencing the market and read magazines and books, specializing in Forex

yes it is one of struggle and sacrifice that must be passed, sometimes bored and desperate is the thing that makes the trader does not continue trading, but if he continues to persevere and not give up to learn, I'm sure he will be successful as expected

[siddesh]

rich should be so because so far the focus there is still work outside the forex because of this dual focus that led to my very slow to understand the market

[mayengbam]

rich should be so because so far the focus there is still work outside the forex because of this dual focus that led to my very slow to understand the market

we are supposed to talk about the requirements to be successful in forex in this particular thread. but i am afraid yours comments meant anything and its against the forum rules to post blindly and it will be considered bonus hunting and you may get a ban. so pliz read the forum rules before posting in the forum

[anubhavsingh]

rich should be so because so far the focus there is still work outside the forex because of this dual focus that led to my very slow to understand the market

har forex trader ka 1 hi focus hona chahaiye..ki market ke trend ko predict karte hue ussi trend me tradek arna
aisa karne se aapki skills aur badti jayengi aur aap aur ache trader bante jaoge
apne emotions pe control rakhan bahut zaruri hota hai trader ke liye

[waheedpcc]

i think aik cheeze trading mein bohot specific ha or wo ha humhari paitent , jitna saber hum ho ga hum utni he deer market mein raheen gein or profits ler ker nikleein gein, or ager fast beney ki try kerien gein to loss to pher ha hey humhare leye

[realfun07]

To become successful in trading a trader should be patient and disciplined and do his study and analysis properly.Also during the time he suffers losses , he must not loose hope but learn from his mistakes and try not to repeat them.He should learn constantly and work towards excellence until he succeeds and rest comes with time and experience.

[Ronak]

To become successful in trading a trader should be patient and disciplined and do his study and analysis properly.Also during the time he suffers losses , he must not loose hope but learn from his mistakes and try not to repeat them.He should learn constantly and work towards excellence until he succeeds and rest comes with time and experience.

all trader want to become succesfull but not all are able to do this..a trader should have patience and enthusiasm toward forex and learning forex..most of trader want to be rich over night but its not possible at all..u need to have hard work.and should develope skill like control on greed and emotions and have courage to loose money..and aftr that u need to have trading experience ...

[Ganesh]

all trader want to become succesfull but not all are able to do this..a trader should have patience and enthusiasm toward forex and learning forex..most of trader want to be rich over night but its not possible at all..u need to have hard work.and should develope skill like control on greed and emotions and have courage to loose money..and aftr that u need to have trading experience ...
yes coz every successful trader has tasted loss or even MC some or the other time and it is not bad coz that is the way that you learn your loop holes of understanding the strategy that you are following and also u get to understand forex a lot more than you did before

[mayengbam]

in order to understand success one has to taste defeat. there cant be no win if there is no loss. so its a necessity/requisite to face losses in order to succeed in forex. losses show the path to success so its easier to succeed after facing the losses.

[jalu]

As we all know that there is no such thing as perfection in this world same is the case with Forex trading. As we are human beings we may make mistakes and its not sure that you earn profit every time you trade you may even face loss. Proper trading determination is necessary so that you do not give up to trade even if you face loss. Having proper practice in demo account before trading in real account might be helpful to avoid loss. And moreover no one becomes good trader overnight it takes time so don't lose hope.

[loserbynature]

For me the requisites for becoming a successful trader are high class forex education and experience. Without a very good knowledge we can never trade in a better way and without experience knowledge is not so useful.

[mallappa]

1st of all we need good quality knowledge of trading system, knowledge of all commodities and stocks,currency and world economical knowledge and knowledge fundamental and advanced technical analysis nesossry

[venkiaries61]

What are the requisites to become successful in trading?

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here
I also think the same. Because, the main lack is to don't able to control his emotions during trading. And also lack in creating strategy area. We should be talent in Forex. And also had lot of practice trades in platform.

[nsawork]

For becoming a successful trader we need:

1. Knowledge about the Forex markets

2. Time to study the markets

3. Proper planning of the trades

4. Well balanced strategy

5. Using both Stop Loss and Take profits

6. Going with the market Fundamentals

7. Implement any strategy in Demo before trying in the Real accounts

8. Maintain Focus on 2 or 3 currency pairs at one time.

[mayengbam]

For me the requisites for becoming a successful trader are high class forex education and experience. Without a very good knowledge we can never trade in a better way and without experience knowledge is not so useful.

i agree with your view, there is no replacement for quality knowledge and experience to succeed in this field. we have been discussing in length on this matter. and this two factors has come out as the most important necessity throughout the discussion.

[BojanHajdinjak]

hmmm. I think "winner menthality (eye of the tiger)" and "never to give up menthality" are
two most important things. We can see that people with the same trading tools, trading indicators and
the same knowledge, making very different results on forex.

[Jazpa]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here

I would say perfect forex knowledge is the most important requisites to become successful in forex trade. Without any knowledge or just small knowledge will not help us to deal with complicated situations in forex. If we aim to win in forex then definitely we have to understand its every step. So we need good and healthy forex knowledge.

[mayengbam]

yes knowledge is power. it is the requirement to succeed in any field in this modern age. but having the knowledge and not applying it properly will be a misuse of it and bring failure. so a good experience in applying the knowledge for our own benefit is vital to succeed. so knowledge with good experience is required to succeed in forex

[makjon]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here


opinion from newbi is if we want to become a succses trader we must always learn all about rule on trading,.analys and also fundamental,..

don't be greedy,..and also always consistent on trading

[Ganesh]

For becoming a successful trader we need:

1. Knowledge about the Forex markets

2. Time to study the markets

3. Proper planning of the trades

4. Well balanced strategy

5. Using both Stop Loss and Take profits

6. Going with the market Fundamentals

7. Implement any strategy in Demo before trying in the Real accounts

8. Maintain Focus on 2 or 3 currency pairs at one time.
yes exactly and i will also like to add to this that trading in the direction/ with the trend and always keep ur expectation's and emotions in ur pockets and not letting them take over you,

[cumil]

opinion from newbi is if we want to become a succses trader we must always learn all about rule on trading,.analys and also fundamental,..

don't be greedy,..and also always consistent on trading

good opinion ,. I really appreciate your opinion, and I hope you remain patient and continue to learn, because all is the process that makes you further improve your skills in analyze prices, all not instant.

[mayengbam]

opinion from newbi is if we want to become a succses trader we must always learn all about rule on trading,.analys and also fundamental,..

don't be greedy,..and also always consistent on trading

if a forex aspirant has that feeling and continue to pursue it with dedication, i will say there is nothing which can stop him/her to be a successful trader. Because a good trader will always follow the rules and basics and will continue to update his knowledge irrespective of what he is

[mayengbam]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

yes dude, there is no substitute for hard work and knowledge to become successful. If we are to succeed in forex we have to acquire these qualities too no matter how much time it takes. these are the pillars of our success, so the better we build it the stronger/bigger our achivements will be

[waheedpcc]

yes dude, there is no substitute for hard work and knowledge to become successful. If we are to succeed in forex we have to acquire these qualities too no matter how much time it takes. these are the pillars of our success, so the better we build it the stronger/bigger our achivements will be
Forex mein hard working se b ziada aik cheez kerni perti ha or wo ha smart rehna or trend k sath rahna , hard working to aik peon b kerta ha lekan kuh nehe milta us ko isi leye humheim ache tools use kerne chahaye jahan tek ho sekeye smart ben apni trade kko oper he rakhna hota ha

[Ronak]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

learning is contineous process that will never end as we know that forex trading needs lost of experience and the good knowledge so keep learning is success in the way of trading

[imbest]

learning is contineous process that will never end as we know that forex trading needs lost of experience and the good knowledge so keep learning is success in the way of trading

The one who thinks that he has learned enough will find himself in trouble soon. If you just start ignoring the latests events happening in different countries, how would you make positive trades consistently.

[gosians]

Ak good aur successful trader ban'ny k lye jo basic requirements hen wo ye hen. 1st of all tu wo ak acha learner hona chahye us k bad he must not be greedy and emotional. He must be know about money management and risk management.

[mayengbam]

About the hardware requirements, to be successful we need a good system with a quality internet connections. we know how frustrating it can be when these requirements are not met. due to slow speed our posistion couldnt be open or close as we wish and frequent requotes will pop up which is quite irritating if you are indulging in scalping and needs to close a position urgently when the market is very volatile

[anubhavsingh]

a good knowledge of the market and the ability to analyze it well is the prime requisite to be succesfull in this field. and this quality cant be acquired easily, one needs years of experience to be able to analyse the market more accurately

market ki achi knowledge hona bahut hi zaruri hota hai forex trader ke liye
fir us knowledge ke hisab se market ko analyse karke uska trend predict karte hue trade karna bhi zaruri hota hai
ye sab cheeze ek trade3r ko acha traer banati hai

[sanjeev]

To be a speculator in full you must have a capital good and know how driven and special FX laptop computer and fast internet connection

Accept the passage in your subject

[mayengbam]

sometimes when we go for an outing or a camping we leave all our jobs behing and try to enjoy to our fullest. but when we are about to sleep we remember our trading positions and curse ourselves for not bringing the lappie. in such circumstances i basically think that an andriod phone or a tablet is very handy to take along, its not bulky like the lappie so i think its a necessity to have such devices when we are in such circumstances.

[gosians]

To be a speculator in full you must have a capital good and know how driven and special FX laptop computer and fast internet connection

Accept the passage in your subject

Ye bat tu theek hy k hmary pass ak stable internet connection aur laptop hona chahye kiun k hmara knowledge kisi kam ka nhi hy agr hm usko situation k hisab sy use nhi kty aur jb situation ho tb agr net he disconnect ho tu kia faida trading ka.

[anubhavsingh]

a good knowledge of the market and the ability to analyze it well is the prime requisite to be succesfull in this field. and this quality cant be acquired easily, one needs years of experience to be able to analyse the market more accurately

well said bhai
ye bahut hi zaruri qualities hoti hai ache trader ki
market ki study karke use analyse karna bahut hi zaruri hota hai..iske baad tardinhg karet waqt apne emotiosn ko control karna bhi abhut zaruri hota hai
ye sab cheeze ache trader me honi bahut hi zaruri hoti hai

[mbiut]

Good money management, knowledge on market movements, psychological stoutness, controlling the open positions and a good calculation. Simply these are the basic requirements of good trading. But these are not enough. We must study other traders strategies along with our own systems. Doing practices seriously with demo accounts will enhance our skill of trading.
correctly in my opinion the most in need is discipline trading plan that was created and controlled analysis system, by learning to have a good psychology. :accute:

[SG Trader]

correctly in my opinion the most in need is discipline trading plan that was created and controlled analysis system, by learning to have a good psychology. :accute:

of course, after we have good strategy and good analysis, the next way is discipline trading, i think discipline trading is related with good psychology and money management, so if we have discipline in our trade i think you already have a good psychology and good mm.

[jai]

Everyone can become successful traders if he work hard on learning new things about forex and apply it during real trades.People learn from past.This make him experience and become eligible to get profits.

[mayengbam]

of course, after we have good strategy and good analysis, the next way is discipline trading, i think discipline trading is related with good psychology and money management, so if we have discipline in our trade i think you already have a good psychology and good mm.

exactly following the basics, follwing MM and strictly following our strategy is discipline in trading.

it will ensure success if we are serious to discipline ourselves in trading

[Ganesh]

to become successful n forex one must have the urge and be ready to keep on learning and also experimenting, follow desciplines and keep out wrong thoughts and constantly gain superior guidance, if everyone foloows these steps then they can surely be sucessful in trade.

[Ronak]

to become successful n forex one must have the urge and be ready to keep on learning and also experimenting, follow desciplines and keep out wrong thoughts and constantly gain superior guidance, if everyone foloows these steps then they can surely be sucessful in trade.

RIGHT,,,,,,,,if u follow forex discipline and rules than it wil lead u to the sucess....and if u willing to trade with hard work and patience then u will be in profit....this characteristics must be in every trader

[sachin]

The thing that i always do in the way to become succesfull trader, I will put up every time a new market open. I will try to control my greed to open position. Then make a desicion after saw the change to profit.

[akshayfuriya]

To become successful in trading foreign currencies you learning and permanent work every day and follow the news and the price of currencies and the news is affecting and influencing the market and read magazines and books, specializing in Forex

[netra]

Forme, do not show off what you have, do not become greedy when you see the chance, do not become self fish to other trader.

[Ronak]

Good knowledge of market and forex fundamentals is the key of success. A trader who trade with good money management following forex fundamentals is on the way of success.

yeah...good money management and risk management is needed into forex...proper strategy is also require..a trader need to have good knowledge and the other skill like controll on emotions,and experience .

[akshayfuriya]

A trader needs to be practical in his approach. He must be prepared to take risk, must take responsibility for all his actions. Must take decisions, whatever that may be. A trader is an independent entity and he cannot wait for some one else to make decisions for him. whatever has to be done, he alone must do it.

[mayengbam]

@akshay
i like what you have said ' a trader must take responsibility of his actions,

Indeed we are the ones who makes the decision to open or close a trade though we may be using different means strategies EAs or tips and advice from friends or forex signals. whatever it be we are the ones who decide to use it in our trade and when a loss occurs we are the only one to be blamed. we cant blame our loss on others but to many of the traders they would blame it to the other factors which is quite absurd.

[SG Trader]

yeah...good money management and risk management is needed into forex...proper strategy is also require..a trader need to have good knowledge and the other skill like controll on emotions,and experience .

it all not easy to do, we must have a good experience thats can make us to fixed our mistake.
i think difficult to do a good money management if we are not have a good experience

[blackprince4u]

it all not easy to do, we must have a good experience thats can make us to fixed our mistake.
i think difficult to do a good money management if we are not have a good experience

Everyone should make his money management according to his strategy and capital. Blindly following others is not a good option. And for gaining experience try the demo accounts they really teach many things that we previously don't know. Improve your analysis.

[SG Trader]

Everyone should make his money management according to his strategy and capital. Blindly following others is not a good option. And for gaining experience try the demo accounts they really teach many things that we previously don't know. Improve your analysis.

demo account are good for us to try and learn money management. sometimes when we feel passes in our learn, when go to real we have a new problem again. and i ever face that.

[waheedpcc]

Everyone should make his money management according to his strategy and capital. Blindly following others is not a good option. And for gaining experience try the demo accounts they really teach many things that we previously don't know. Improve your analysis.

acording startegy i not bahi straegy kia kia connection ha money management se kuin koi b strategy 100% result nehe de sekti right to pher strategy for management ?
of course random bilkul b nehe kerni chahaye kafi nuksaan de oti ha ye
AIk confusion ho milha ta experince demo per wo real per kam kuin nahi kerta?

[chirayu]

Must take decisions, whatever that may be. A trader is an independent entity and he cannot wait for some one else to make decisions for him. whatever has to be done, he alone must do it.

[sunil]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

[sunil]

Everyone can become successful traders if he work hard on learning new things about forex and apply it during real trades.People learn from past.This make him experience and become eligible to get profits.

[chirayu]

To be a speculator in full you must have a capital good and know how driven and special FX laptop computer and fast internet connection

[akshayfuriya]

to be a successful trader, you have to learnt, must have strategy, not greedy, must be patient, consistent take profit and more. people say, a thousand forces did not want to be a thousand excuses

[netra]

The one who thinks that he has learned enough will find himself in trouble soon. If you just start ignoring the latests events happening in different countries, how would you make positive trades consistently.

[ketan]

To become successful in trading a trader should be patient and disciplined and do his study and analysis properly.Also during the time he suffers losses , he must not loose hope but learn from his mistakes and try not to repeat them.He should learn constantly and work towards excellence until he succeeds and rest comes with time and experience.

[vikas]

There is something about Forex that can make the mind of a traders blinded by his own fault. And it just amuses me as well that Forex traders never quits and want to trade more in spite of heavy loses. Call it perseverance and determination to reach the almost impossible fate,to be a successful trader one day. So...to all my fellow traders...Good luck to all of Us...!

[aniket]

i think the best reuisites will be the quality to learn and grasp from this business, coz most of the time i havew seen ppl who get scarce info and start off thinking they know it all, for me the best way sare to get all around the thing so tht you may be able to get the best for everytime you step in

[mayengbam]

one very peculiar character about the forex market is its unpredictable nature, no one predict it precisely all the time. so the market moves in a random fashion all the time. a new comer may have all the knowledge that a successful trader have by reading all the good books and following the best sites still he can trade like those pros. why? because the market is unpredictable. one requires enough time to be a good trader in forex

[aniket]

in order to understand success one has to taste defeat. there cant be no win if there is no loss. so its a necessity/requisite to face losses in order to succeed in forex. losses show the path to success so its easier to succeed after facing the losses.

yes coz every successful trader has tasted loss or even MC some or the other time and it is not bad coz that is the way that you learn your loop holes of understanding the strategy that you are following and also u get to understand forex a lot more than you did before

[s19]

there are many thing that required for become a successful trader. if you start counting, you find these are uncountable.
i dont know about other trader but i follow always two thing for becomeing successful trader.
1. always trade accourding money management rules with SL & TP.
2. whenever i put order. i save that imge. if my trade success then i find strong point. if hit sl i searcing weak point

[aniket]

opinion from newbi is if we want to become a succses trader we must always learn all about rule on trading,.analys and also fundamental,..

don't be greedy,..and also always consistent on trading

yes exactly and i will also like to add to this that trading in the direction/ with the trend and always keep ur expectation's and emotions in ur pockets and not letting them take over you,

[Ronak]

i think the best reuisites will be the quality to learn and grasp from this business, coz most of the time i havew seen ppl who get scarce info and start off thinking they know it all, for me the best way sare to get all around the thing so tht you may be able to get the best for everytime you step in

successfull ttrading is only depended on the trader;s knowledge and experience ...but for this they need to make some learning from their day by day trading..and apply money management in correct timeline...

[aniket]

to become successful n forex one must have the urge and be ready to keep on learning and also experimenting, follow desciplines and keep out wrong thoughts and constantly gain superior guidance, if everyone foloows these steps then they can surely be sucessful in trade.

[sachin]

For becoming a successful trader we need:

1. Knowledge about the Forex markets

2. Time to study the markets

3. Proper planning of the trades

4. Well balanced strategy

5. Using both Stop Loss and Take profits

[netra]

i agree with you friend, money management and time management is the key our success if we are do well.
many trader only can do money management but , they not manage their time well. we should manage our time in trade, do not see on your chart fully in a day

[anubhavsingh]

For becoming a successful trader we need:

1. Knowledge about the Forex markets

2. Time to study the markets

3. Proper planning of the trades

4. Well balanced strategy

5. Using both Stop Loss and Take profits

well said bhai
ye sba points bahut zaruri hote hai forex tradinge me aur har tyarder ko isse follow karna chahiye
ye forex ki basic guidelines hai..inhe smjhte hue trading karna bahut hi acha rehta hai

[waheedpcc]

well said bhai
ye sba points bahut zaruri hote hai forex tradinge me aur har tyarder ko isse follow karna chahiye
ye forex ki basic guidelines hai..inhe smjhte hue trading karna bahut hi acha rehta hai

Han ye to ha technical point ho k kafi jarori hain lekan hum kevil in baaton pe rely nehe ker sekte Forex is an psychology game right so fir humhein apne emotion ko b control kerna ho ga aik aca trader bennen k leye

[Ronak]

i agree with you friend, money management and time management is the key our success if we are do well.
many trader only can do money management but , they not manage their time well. we should manage our time in trade, do not see on your chart fully in a day

Yeahh..you are right....money management should be in proper time line ...with this discipline is also needed...trader can achieve succeess while they have good knwoledge with proper money management and proper time line

[waheedpcc]

Yeahh..you are right....money management should be in proper time line ...with this discipline is also needed...trader can achieve succeess while they have good knwoledge with proper money management and proper time line

han bahi discipline hona chahaye trader or an rules ko follow kerna must ha kuin mein ne notice kia ha bohot se trader rules to bna lete hain lekan follow nehe ager successful tradwr bena ah to rules ko musty follow kerna hahaye and alos with good trading plan

[ishvara]

The main pre-requisite to making it to the top successfully in forex trading is to follow all the rules from studying in study sites like www.********.com and also the study/training in demo trading to live accounts. All these makes a good trader.

[netra]

Everyone can become successful traders if he work hard on learning new things about forex and apply it during real trades.People learn from past.This make him experience and become eligible to get profits.

of course, after we have good strategy and good analysis, the next way is discipline trading, i think discipline trading is related with good psychology and money management, so if we have discipline in our trade i think you already have a good psychology and good mm.

[akshayfuriya]

yeah for me to start something or trade of small accounts is a good thing in my opinion because then we will train step by step to be able to control our emotions and that's a good move in my opinion

to be successful it takes time to learn
learn to control emotions well
learn good money management
making systems and rules of good trade and many other factors that we get from our experienc

[akshayfuriya]

I agree with you, the longer we stay, the more experience we can get.
and the more experience, the more adept we are facing the market.
then think about getting the maximum benefit.

yes it's true
because experience is the best teacher
and in this business we are required to survive in the face of this risky business

[akshayfuriya]

Trying out new strategies is a good idea. If any element of the new one can be incorporated into the one we are using presently, then it should be explored, if necessary. Mostly these changes need to be introduced to suit particular situations or phases of market behaviours. But the main trading plan or strategy should remain the same with provisions of situation based additions or deletions of certain components from it whenever it is necessary.
true, if we already have its own strategy
and still trying to experiment with other strategies, would be a waste of time
better we are faithful to our own strategy
but at least we should try to fix it, because somehow the market will be different between now and the future

[sheetal468]

In my opinion the eagerness to learn is very important, "Great leaders are great students" we should never forget that, so to be successful we should be enthusiastic and have an eagerness to learn then only we can become successful. Besides that a constant practice / trading is essential because hands on experience are far more than bookish knowledge. so Learning and practice will make a trader successfull thats what i believe

I totally agree with u. But besides knowledge what one also needs is the constant interest & emotional balance. One cannot keep on investing large/small sums all the time Only upon tracking the market n going for the kill is very imp. I believe trading needs patience & discipline apart from knowledge & money! ;)

[sheetal468]

yes coz every successful trader has tasted loss or even MC some or the other time and it is not bad coz that is the way that you learn your loop holes of understanding the strategy that you are following and also u get to understand forex a lot more than you did before

until you dont lose, you'll never win. The main funda a trader should always keep in mind is that trading is all speculation. Risking money in order to gain profits. Also, in order to be a succesful trader invest only as muh you r prepared to lose. :peace:

[rajesh]

i think aik cheeze trading mein bohot specific ha or wo ha humhari paitent , jitna saber hum ho ga hum utni he deer market mein raheen gein or profits ler ker nikleein gein, or ager fast beney ki try kerien gein to loss to pher ha hey humhare leye

[vikas]

money management is very important in forex trading
It means you hsould properly have a plan that how much you have to invest in trading from your savings and in trading, which lot and how many lots should you trade at a time..
Forex trading is all abouit money management and time managemnt

Exactly correct . here we need patience and willingness to learn and patience and leave such mentality to it depend on luck and its gambling . anyway i believe if anyone do such heartily then success must come to him and at the same time we need continue practice because all we know practice man perfect.

[vikas]

AApne ekdum thik kaha
successful trader banne ke liye money management bahut hi zaruri hota hai kyunki bina money management ke aap kabhi bhi apne money klo thik se use nahi kar paoge
Iske alawa time management ki bhi bahut zarurat hoti hai kyunki thik time pe thik trade open karna aur usse thik time pe closek arna bahurt zaruri hota hai
Money management is one of the step to save our capital and if we unable to do it then its really hard to manage our capital because then we will not have any plan. anyway money management and good trading plan can give us significant profit .

[keset]

true friend should be a successful trader to continue to learn, to master both technical and fundamental analysis, money management, as well as trading psychology
true friend should be a successful trader to continue to learn, to master both technical and fundamental analysis, money management, as well as trading psychology.. learn from the past mistake .:yahoo:

[vikas]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

i am agree with you because without good strategy its really hard to make consistent profit from our trade and trully saying from many days i am trying but still not get such strategy which give me consistent profit . so i think we need to keep pursuing it untill it not come to us and i am still trying to find and not giving up untill i dont find.

[vikas]

agar aap ache se hard work karte ho to aap forex tarding ke master ban sakte ho
forex trading em skills ke alawa ah ard work ki bahut zarurat hoti hai
hardwork is the key to sucess in forex trading

I also think so but trully saying sometime i found this and most of the time i dont find this . anyway i think if they really share with us then many newbie trader will get help no doubt but i think they have to share mentality first .

[trijay]

mental issues I think traders should look for yourself, since all traders have a different psychology, forex can indeed make a rich, but it can also make us poor, which is important for us to proceed and have the motivation, do not think to become rich overnight

[Ronak]

mental issues I think traders should look for yourself, since all traders have a different psychology, forex can indeed make a rich, but it can also make us poor, which is important for us to proceed and have the motivation, do not think to become rich overnight

thats call greed....they think that forex is money making machine..and start doing gambeling..so firstly to be success we need many rules and discipline we should follow...and hard working and patience needed in forex...

[mayengbam]

Another requisite is a good power supply. we know all our systems runs on electricity. but in india with the exception of the major cities an some towns the power supply is really poor, and we face frequent shut down of power and this hampers to those who are trading on a pc. And this may be a big hurdle for those traders who face such situations.

[anubhavsingh]

I agree with you, the longer we stay, the more experience we can get.
and the more experience, the more adept we are facing the market.
then think about getting the maximum benefit.

experience ke bina koi bhi acha trader nahi ban sakta
jis trader ke pas jitabn experience hoag wo utna hi acha trader saabit hoga
isliye har trader se kaha jata hai ki usse zada se zada time dena chhaiye forex market kio

[keset]

I think the most important requirements to become a successful trader is to keep learning and learning, especially learning from the past kelsahan. and add to the experience in money management and trading psychology is good. :accute:

[trijay]

I agree, as long as the spirit of learning, then it will have hope, direction of my study, also want to minimize the risk, with a realistic return, I observed several pair, but encouraged me to enter the market, and overtrade, this time I observed only one pair , in order to discipline

[ketan]

i think a successful trader is combination of 3 things, technique(whether chartist os fundamentalist), mentally strong (pyschological factor over here) and experience, with those 3 combination you will be a complete trader and you can play with the market

[100c�]

Jab bhi aap poors market ko aik dam say conquer karny ki koshsish karo gay aap nakaam ho gay aur market par poora focus rakhny kay liye aap ko sirf aik hi pair par dhayan lgana ho ga.

Yes of course nobody become rich with in one night it is slow and steady job which help to earn money slowly slowly however if you concentrate on only one pair then your speed goes more down and you never earn some handsome amount. you should trade minimum 3 to 4 pairs at a time and they will give you good profit if your strategy is good.

[ketan]

they wont declare their self as master brother, you can recognize whether he/she is a master or not by looking at their trading result

[ketan]

actually we have to filter any information that we received since not all information is right, to decide whether something right or wrong you have to test it(i mean something like strategy, indicator or EA that we get from the forum

[trijay]

actually we have to filter any information that we received since not all information is right, to decide whether something right or wrong you have to test it(i mean something like strategy, indicator or EA that we get from the forum

traders to test strategies using a demo account, after successful demonstration could use a real account, and began studying psychology trading

[mayengbam]

actually we have to filter any information that we received since not all information is right, to decide whether something right or wrong you have to test it(i mean something like strategy, indicator or EA that we get from the forum

thats absolutely, we know the net is full of information or news which are junks mostly and to find the good ones is indeed a difficult task. thats why we seek tips from the forum members to find good sites ebooks etc. and most share with reviews

[nuh514]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here

First of all you must have interest and good mentality in order to understand this complex business. Then work hard in this field by reading out different good articles and interact with experienced traders who are already earning handsome amount in order to become a successful trader.

[ketan]

the most biggest requirement in forex trading is discipline and trading with proper rule.Many often sketch out a good MM rule but they fail to follow it and finally they lose it.
so to attain success one should trade wit proper MM and patience and should not misuse high leverage.

[aniket]

b'cos one should be having patience n time n knowledge wit out ths a trader is not a trader but he his a gambler. one of my frnd suffered a huge loss without ths main 3 things. one request for newbies to be patient first.

[100c�]

Very good advise but it is hard for the traders to stick with rules and i think it is the major problem of all the forex traders. Even more experienced traders can't stick with the rules during normal course of trading.

I agree with you it is very hard that we stick our trading as per trading rules but If we will not do this then always we will get loses and we will never become good trader. Some time it is possible if we break rules and we also get profit but not all the time.

[anubhavsingh]

First of all you must have interest and good mentality in order to understand this complex business. Then work hard in this field by reading out different good articles and interact with experienced traders who are already earning handsome amount in order to become a successful trader.

well said bhai
ache trader ko forex ko aur usse hone wale aanalysis ko ache se samjhna chahaiye
forex me techncial aur fundamental studies hoti hai aur iske alawa money management aur time management bhi aana chahaiye

[hiren]

FXtrading main sab se jyada needed hai vo hai peace and koi jaldbaaji nahi.
agar aisa kiya to hi hum 1 acche trader ban sakte hai.
agar thoda bhi greedy bane to loss suffer karna hi hoga and ye hi quality sabme hoti hai greed ki.

[hiren]

yes brother u r right and acceptable to newbies.
agar hamare pass expiration nahi bhi hoga to chalega per 1 baat yaad rakhni cahiye ki pehle demo pe work kare to real trading main aasani rahegi and easily understand kar sakenge hum.

[nikhil]

bilkul sahi farmaya apne. dimag ka thik hona forex me important he. agar aap disturbed ho to aap forex me apna dhyan nehi de payenge. aur aap ka trading bigar jayega. to pehle apne mahol ko thik kihiye phir trding me aye.

[patil]

मैं यह भी bussines में उत्तराधिकारी के लिए चाहते हैं, लेकिन मैं एक succesfull व्यापारी होने का पता लंबे समय से और कड़ी मेहनत की जरूरत है. क्योंकि अब यह अभी भी मैं अपने सीखने रखने.

[patil]

अग्रवाल एक सफल विदेशी मुद्रा व्यापारी प्रतिबंध ना आपको कुछ बातों का hdyaan रखना padega है आपको ...
1 - आपको उचित तकनीकी और मौलिक अध्ययन करनी hongi ...
2 - आपको बाजार को उचित समय denah OGA
3 - खाते मुझे पर्याप्त होना chahaiye संतुलन
4 - लालच और डर से बाख के रहना chahaiye
5 - अपने से वरिष्ठ व्यापारियों को कर्ण chahaiye का पालन करें

[nicofx]

I think it takes to be a successful trader is always not to give up when the loss and the MC and also continue learning. such as analysis, money management, trading psychology..

[s19]

I think it takes to be a successful trader is always not to give up when the loss and the MC and also continue learning. such as analysis, money management, trading psychology..
yes you are right. i want to add some more in it. money management, trading psychology, analysis are important but patience is also important factor. he always view news and its effect also.

[SG Trader]

I think it takes to be a successful trader is always not to give up when the loss and the MC and also continue learning. such as analysis, money management, trading psychology..

yeah i agree with you, not to give up when we get failure, i think a failure is a learning, so we must evaluate our trading.
we msut confident and always thinking about the risk

[speedy]

In my opinion the requisites to become a successful trader are demo trading for at least 4-6 months plus he must have a lot of patience, knowledge about Forex trading and the last and the more important thing is that he must have a good discipline.

[SG Trader]

In my opinion the requisites to become a successful trader are demo trading for at least 4-6 months plus he must have a lot of patience, knowledge about Forex trading and the last and the more important thing is that he must have a good discipline.

i think 4 until 6 months is too long friend.., we must quickly learn something in the demo. maybe 3 month are enough and also many mastering and broker suggest like it.
we must trying the real account to feel the real of forex trading

[nicofx]

In my opinion the requisites to become a successful trader are demo trading for at least 4-6 months plus he must have a lot of patience, knowledge about Forex trading and the last and the more important thing is that he must have a good discipline.
right to be successful in trading we must continue to practice analysis in the demo, good money management, and also studied the psychology of trading.. :good:

[rajib]

every bigness take toy profit or loss. but in Forex you are work hard for it you gain your success quickly. i always try to analysis the market after that i see the news if my analysis and news is perfect after that i take to trade.

[SG Trader]

the biggest enemy for the traders is themselves......if we can control it then maybe we can be a successful trader in the futures......beside that we must keep on going learning about forex......

true, the biggest enemy for the trader is themselves because greedy and bad psychological just come from ourselves, just little if the external factor would influence our mistake. sometime we not realize about our mistake so we still repeat the mistake.. i think is very bad trader.

[nicofx]

I think it takes to succeed in forex trading you must have a trading plan that has been tested with good, including good money management, analysis etc.. and also has a good trading psychology. :good:

[SG Trader]

I think it takes to succeed in forex trading you must have a trading plan that has been tested with good, including good money management, analysis etc.. and also has a good trading psychology. :good:

of course friend, all the good thing in forex trading is easy to say but hard to do.. i think many trader feel that..
so we should take action what many people say about the good rules of forex and motivated own selves

[YJSP]

A descipline trader with good system, good strategies, and good money management, then he can be a successfuktrader, so change ourselves and accept the market, that will make us become successfultraders.

[mbiutfx]

A descipline trader with good system, good strategies, and good money management, then he can be a successfuktrader, so change ourselves and accept the market, that will make us become successfultraders.
I completely agree the requirements to become a successful trader is always discipline with a trading plan, including money management we have created and also learn from the mistakes of the past loss. :respect:

[cumil]

A descipline trader with good system, good strategies, and good money management, then he can be a successfuktrader, so change ourselves and accept the market, that will make us become successfultraders.

it's very good advice, a lot of things that must be passed if we want to be a successful trader, all must go through the stages and processes that are not instant, become a successful trader is not only one or two months in learning, they take a long time, even more one year to be able to achieve consistent profits so can be successful, therefore we must be disciplined trading

[rajid]

I think to be a professional trader you must keep learning, have a good trading plan. trading psychology and have experience and willing to learn from past mistakes. :)

[kakagi]

Everyone wants success in FXtrading. But most of them fails, The main reason they lack the qualities to become successful. So what friends lets discuss this here

sab se acha leader sab se acha student hota haye , mere keheney ka matlab hae k forex traiding main succesful hone k liye ham jiyada se jiyada es k mutaliq seekhna chiye or bagher kisi samgh bojh k ham farex traiding main kamyab nahi ho saktey

[vineet]

mental issues I think traders should look for yourself, since all traders have a different psychology, forex can indeed make a rich, but it can also make us poor, which is important for us to proceed and have the motivation, do not think to become rich overnight

[vineet]

I agree, as long as the spirit of learning, then it will have hope, direction of my study, also want to minimize the risk, with a realistic return, I observed several pair, but encouraged me to enter the market, and overtrade, this time I observed only one pair , in order to discipline

[vineet]

traders to test strategies using a demo account, after successful demonstration could use a real account, and began studying psychology trading

[vineet]

I would say perfect forex knowledge is the most important requisites to become successful in forex trade. Without any knowledge or just small knowledge will not help us to deal with complicated situations in forex. If we aim to win in forex then definitely we have to understand its every step. So we need good and healthy forex knowledge

[gosians]

ya traders should be mentally strong enough to deal with pressure and emotion present in forex while trading.if he is mentally strong and cool then he can earn lot of profit

Ap k points boht good hen but mery khyal sy agr sirf ak quality kisi b trader main aa jaye tu wo successful ban skta hy aur wo hy sincerity. Agr koi b trader apni trading k sath sincere ho k chaly tu wo boht profit bna skta hy.

[chintan]

Very good advise but it is hard for the traders to stick with rules and i think it is the major problem of all the forex traders. Even more experienced traders can't stick with the rules during normal course of trading.

[hetal]

Jab bhi aap poors market ko aik dam say conquer karny ki koshsish karo gay aap nakaam ho gay aur market par poora focus rakhny kay liye aap ko sirf aik hi pair par dhayan lgana ho ga.

[hetal]

for all traders, they have their own right way to trade. we should have a complete trading system, but its not easy to creat, it needs a long time to learn technical analysis and improved.

[vicky]

ya everyone need time to become a expert in particular field . as the time goes he can earn experience and knowledge then slowly slowly he become expert in that particular field

Its the point i always said , we need to time . anyway if we want educational degree then need so much time to passed and when forex is a great business then we need to give much time to learn attentively and its everybody know when there will be vast experience i think everybody will able to earn from this field.

[popatji]

The main pre-requisite to making it to the top successfully in forex trading is to follow all the rules from studying in study sites like www.********.com and also the study/training in demo trading to live accounts. All these makes a good trader.

[vicky]

ya following rules means following descipline. in every field descipline is very impoartant. and a good trader must be a good learner and he must have strong determination to become a successful trader

yes friend you are exactly correct of this opinion . we must be follow rule to become successful otherwise its very very hard and have to determination to achieve this because there must be ups and down in forex and have to handle this with carefully.

[vineet]

same with me bro,..

i want to succes in trading too,..please for master on trading share tips in here about how to be a succes on trading

[vineet]

opinion from newbi is if we want to become a succses trader we must always learn all about rule on trading,.analys and also fundamental,..

don't be greedy,..and also always consistent on trading

[vineet]

I think the most important requirements to become a successful trader is to keep learning and learning, especially learning from the past kelsahan. and add to the experience in money management and trading psychology is good.

[speedy]

I think the most important requirements to become a successful trader is to keep learning and learning, especially learning from the past kelsahan. and add to the experience in money management and trading psychology is good.

Learning is a life time process and it does not end at all at any stage of our life. I think we should not think ever that we are master of forex and we know every thing. If we keep learning the forex and learn from our previous mistakes then we we be successful traders for sure.

[gosians]

I think the most important requirements to become a successful trader is to keep learning and learning, especially learning from the past kelsahan. and add to the experience in money management and trading psychology is good.

Of course, keep learning is the secret of good earning. Suppose you are learning one new strategy every day and after 10 days you will be learned 10 strategies, then you will find more signals to trade and can earn more profit.

[YJSP]

Keep learning, keep practice, until we find the ways suitable for us, until one day we realize what is the problem with us, until we know how to improve ourselves to get a good result.

[bhanu]

true friend should be a successful trader to continue to learn, to master both technical and fundamental analysis, money management, as well as trading psychology.. learn from the past mistake .

[bhanu]

market ki achi knowledge hona bahut hi zaruri hota hai forex trader ke liye
fir us knowledge ke hisab se market ko analyse karke uska trend predict karte hue trade karna bhi zaruri hota hai
ye sab cheeze ek trade3r ko acha traer banati hai

[bhanu]

well said bhai
ye bahut hi zaruri qualities hoti hai ache trader ki
market ki study karke use analyse karna bahut hi zaruri hota hai..iske baad tardinhg karet waqt apne emotiosn ko control karna bhi abhut zaruri hota hai
ye sab cheeze ache trader me honi bahut hi zaruri hoti hai

[bhanu]

well said bhai
ye sba points bahut zaruri hote hai forex tradinge me aur har tyarder ko isse follow karna chahiye
ye forex ki basic guidelines hai..inhe smjhte hue trading karna bahut hi acha rehta hai

[bhanu]

experience ke bina koi bhi acha trader nahi ban sakta
jis trader ke pas jitabn experience hoag wo utna hi acha trader saabit hoga
isliye har trader se kaha jata hai ki usse zada se zada time dena chhaiye forex market kio

[narendra]

I also believe that a good environment is also a prime requisite for success in trading. because if we are constantly disturbed every now and then due to many factors, it would disturb our minds and wont be able to concentrate on what we do.

[narendra]

yeah that is the basic problem faced by all the traders. internet is the source of information we all know but the problem is to identify the good ones from the rest of the junks. which is in fact a critical factor which determines ones success

[narendra]

i was talking about the environment/surrounding conditions of your room and about the room itself. There are some people who can concentrate even in noisy conditions but in general most of the people aren't able to concentrate in busy/noisy environments and it can hamper in the trading process. And one also need a separate room for trading because if anyone, may be kids, family members or friends keep disturbing you every now and then about petty matters then it will be quite irritating and obviously it will be reflected in the trading itself which i not good.

[narendra]

yeah thats why trading in an environment conducive for trading is a very important thing and a necessity to succeed. we need attention and concentration to what we do and if it is not possible to concentrate naturally the result will not be good as we expected.