Become a Successful Forex Trader.

[jalal khan]

you are right that the censistency, discipline is a big capital to success.... But you also need to do analysis of the market... use your startegies... Money managment technique.... Everyone want to earn a lot because a lot of money is runinf in front of your eyes... and for this you have to learn a lot...

[mojan]

any one who wants to become successful in trading must be humbled enough to know that it entails disspline and a lot of hard work plus strattegy ,i bet every successful trader knows that.

[nobby]

any one who wants to become successful in trading must be humbled enough to know that it entails disspline and a lot of hard work plus strattegy ,i bet every successful trader knows that.

In all that you have said. I think that the best two are discipline and strategy. When a trader has a good strategy and he is discipline with it then he can be successful. Also the ability to make improvement is also an added advantage.

[lisa]

if you want to become a successful or good trader we all need to do lot of work then irst of all we should learn the Forex market deeply and keep learning till we are doing trading.and then next step is always trading should be done according to money management else we will loose the amount in our account.

[ishvara]

If you want to become a very successful forex trader, then it is time to make sure that you are always glued to the learning process. As long as we are learning in forex, we can be experts in the future.

[hitcola]

(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
it is very important thing to wait for the market conditions that suit our trading style. I really found that a mandatory thing as some one can't trade scalping but when he came to swing trading, he found it very suit to him

[sripanut]

Become a success trader, we need some preparation for it. We have to learn about technical analysis and fundamental analysis. We have to use good money management, and finally our experience is very important to be success trader.

[happyrichyyy]

There is no shortcut to becoming a successful forex trader, therefore no trader should sort for any quick means to becoming successful as a forex trader. It takes outright hard work and commitment to become a successful trader. It would be easier to become successful if a trader can find a successful trader who can offer the necessary guidelines and support in order to equally become successful.

Having someone to give live advice and guide is lot more easier for a beginner to pass the beginning time. However, I still think it's very good for him to read the articles by himself, so that he would be able to think more strategically, logistically and professionally. Plus you will know what you are doing, and where you are, with some guider you surely will get instant help and support, but there's still feeling of not seeing the light, I wonder if I'm right?

[ashar]

I want a mentor who can teach the correct and profitable trading. if you get a loss, I would not blame the broker. very difficult to make fundamental analysis, I now rely on technical analysis, and I avoid the news, because I only have a small profit targets

[william88]

Usually a mentor is very expensive,.because they cann trade by themselves..
and because u want them to teach u,they set for a high price..
i think we can learn by experience,by reading books,forum..then no need any more mentor..

[executor]

In all that you have said. I think that the best two are discipline and strategy. When a trader has a good strategy and he is discipline with it then he can be successful. Also the ability to make improvement is also an added advantage.

We often think of things far away, while we have not been working properly. This is the ugliness of the beginners, they dissolve in the question of successful traders, but they are new to forex. Success is a matter of days behind. What to do now: trading well, put an end to the dream of being a successful trader.

[place]

patient is a key of our success ,so no traders can get so fast success without hard work for sure.but some talented person have in forex market who are very smart and great genius and making huge profits with good success.

[topmaster]

trading mai success hone ke liye achi prectice krni hogi iske rule follow krne honge achi mehnat ki jarurat hoti hai. agar hum forex mein mehnat nahi karenge to kabhi kisi bhi business se paisa nahi kama payenge.

[GENIOUS]

Become a successful forex trader we should have to vast knowledge of forex market.we need learn technical and fundamental analysis.we have to control our extra emotion.we must have follow the trand of the market.and know about all the indicator perfectly.to be successfull trader we have to follow various news site where forex news are available.

[antosco]

Your post is very good. I strongly agree, especially on items that mention of consistency. consistency and discipline is a big capital to trading success. But, of course not easy to implement.

Consistency, is important for us in other for us to succeed in forex trading. If we don't have enough experience we can't succeed and it is by constant practice on demo account and learning how the market works that we would gain the appropriate experience that is required in other for us to trade

[dharampal]

to become a successful trader you should first control your emotion during trading and also your greediness which is very helpful to you earn money.those who control these two thing who earn money easily .newbies do many common mistake due to which they lose money most doing mistake is they put many order in one time due to which margin level decrease.so my advice is be patience in forex you will get profit.

[abdul hamid p]

good posting my friend. i think we have same problem when do trade. i mean we have plan, we have system and we also have goal but we can't walk on right way diciplinly every time

[happyrichyyy]

;401591']You should start demo account and when you grasp of good knowledge and practical training then start with minimum amount of investment with real account and become successful traders by the passage of time and learning in Forex ups and down are part of it.

That's so true, we all know that forex is something going up and down, better get yourself ready before you start the trading with real money. And I guess it's also wise to stay cool when it's down time, then you'll be able to courage yourself for a better game in next round and win something to cover the previous result. And I believe there's always time and chance to win, as long as you are ready and confident.

[golpo20]

Turn into a effective speculator, you must know the essential methods of foreign currency trading initial. get more understanding for you to make trades properly to have accomplishment. Additionally who would like to become a effective speculator they will receive willpower and look after phrases in addition to condition for accomplishment.

[Rizwan]

Everyone has the potential to learn to trade Forex quickly, learning a method that can make money easily and if you adopt a disciplined attitude, your ready to enjoy a three-digit income in about 30 minutes per day.

Goood Luck and Have a Nice Day ;)

if we are going to turn the topic into how to have a successful trading life, then i could say that you will need to under go some task. And i must remind every new trader that those tasks are not as easy as cake. First step is to study forex, a person must familiarize himself to then terms used in forex and other related topic. If he manage to do that perfectly then he can apply his acquired knowledge on demo accounts

[Nabi Ahmed Gill]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

bahi ap na boht he acahi or best post ke ha muja ap ke ya post kafi achi or best lagi ha or es sa mara knwoeldeg main kafi azafa ho ga esi waja sa to amin ya fourm used kar hra hon agr ap na trading ka bara main knowledge earned karna ha to ap es forum par kam karna .

[khaled6969]

Forex trader successful because it is based on the philosophy that he gained his experience with the time and make it seem edgy existence of centers in the market

[nurhidayah]

Forex trader successful because it is based on the philosophy that he gained his experience with the time and make it seem edgy existence of centers in the market

market conditions are sometimes not so interesting to be able to run a few steps that sometimes make us personally still hesitant to run this trading would allow us to be able to do some steps and rules that had to be adapted to several provisions of the trading process are clear so that we can direct our thinking to be successful in foreign exchange

[sripanut]

We need some preparation to become successful traders. We have to learn about the basic forex, money management, discipline. We can also share our experience in forum forex so that we can get advice from senior traders.

[ashar]

Successful traders have a high concentration in making the analysis, I am trading 5 hours per day. strategies that can produce consistent profit targets are those that have a small profit, I believe if the trader has a large profit targets, it will be difficult to achieve the target

[happyrichyyy]

Simply knowing how to trade Forex and about the major
currencies traded, like the US dollar, the Japanese Yen,
and others are just the basics. Knowing when to trade and
what to trade is equally essential to be successful in
Forex.

Sorry do you mean USD and JPY are the main currencies for trading? Hmm I thought it was Euro and US dollar, seems all are recommending EUR/USD for beginners. So I guess EUR/USD is the easiest pair to work with, but USD/JPY is the most profitable pair if handled properly, am I right? But it might not be so easy to trade USD/JPY, I better stuck with EUR/USD first.

[TrojanFX]

Successful traders have a high concentration in making the analysis, I am trading 5 hours per day. strategies that can produce consistent profit targets are those that have a small profit, I believe if the trader has a large profit targets, it will be difficult to achieve the target

must use a good strategy, money management, risk management, mixing system, discipline in the trade and the important thing is good psychology,

[Rahul]

kabhi kabhi jaruurat se jayada confidence bhi bekar ho jata ha ..isiliye confidence ka hona jaruri ha na ki over confidence ka. lagatar market strategy ka bhi study karni chahiye aur magazine padne se bhi fayeda hoga

[biplob]

If you want to be successfull trader then you should follow some important steps.First you should know th all kinds of rules.You should contact a sucessfull trader for help.aaayou should follow the chart maximum time.And never wait for a big profit .Then you would be a sucessfull trader.

[fauzibowo]

If you want to be successfull trader then you should follow some important steps.First you should know th all kinds of rules.You should contact a sucessfull trader for help.aaayou should follow the chart maximum time.And never wait for a big profit .Then you would be a sucessfull trader.

I strongly agree with you, kesuksean we do not obtain the instant we have to go through the process, and I think the most difficult period was when it came to pass through this learning process.

[boniez]

I think trading knowledge and trading strategy are very important to become a successful forex trader,and we shall have to be know basic trends of forex market,other wise we shall not be able to become a successful forex trader.

because our journey to success must be accompanied with sufficient knowledge and also a variety of trading experience, without any knowledge that qualified it will be difficult for you to be successful.

[happyrichyyy]

I guess patience is also required, otherwise one would be only greedy to get the result he expected and pay not enough attention to the rules itself. I used to set up the position which I wanted the trend to reach to, and of course as a consequence it wouldn't let me win but keep watching the same lessons. Now I'm learning to be less greedy and only practicing in demo account currently.

[nterziev]

I think,that everyone who wants can become a successful forex trader.If he have the time to learn all about forex,and have the time to train it on demo platform he can be a good trader.He need to create their own strategie or plan,to have own rules and to don't loose hope.

[ashwini]

kya app successfull trader banna chahte ahin.. to .. sirf ek hi pair aur ek hi strategy par dhyan de.. appsuccessfull ho jayegne.
follow the 4hr time frame chart.
pivotpoints. and trendline..
with candlestick pattern specially long leg doji..

use the take profit and stoploss target .. jaise main use karta hun.. ttake profit -50-100pips and stoploss..100pips..
bahut easily aur tension rahit kam hota hain.

[terajana]

I think,that everyone who wants can become a successful forex trader.If he have the time to learn all about forex,and have the time to train it on demo platform he can be a good trader.He need to create their own strategie or plan,to have own rules and to don't loose hope.

trading on a demo account will make a trader can understand to make transactions in the platform, but the road to success is still very long .. we must not only be able to do transactions in the trading, but also must have a good psychology in trading ..

[TrojanFX]

correct sir. those who dedicate their time, energy, mind then they are really serious in forex business. so natural that people like that get hadia success in forex. learning to become a successful forex is not easy, but a job that requires hard work

to become a successful trader in need of experience and knowledge and ability, and can also control their trading emotions, there can be no successful trader is only a short time

[kiran]

Basic is very important for trader if trader know about basic then trader know advance study very easily. So trader should know basic first. Practice on demo account trading is very good for trader. trader can know about basic practicing.

[aisya]

To be able to carry a effective investor must understand how to use this investor specialized research first before you begin in Forex
And must understand everything about investment control even knows when and how to get into and keep of offers and is joined into by the rate of the number of capital

investment control and restraint under the rule of forex trading is the main thing for a successful trader in the forex market trading, many traders keberhasila factors controlling factor, but when he's out of control yourself and not specify how to control the investment and he will act random and finally Losser

[ridhoasta]

errors are very common in the trade.
it is that makes people know the mistakes made in dealing in the forex market. and meraka can avoid it to not experience a higher loss.
staragi proper use. and constantly monitor market trends. It would be helpful.

[yulianto470]

I use some books and forex learning websites to gain knowledge about trade.i hope i can be successful if i go on my learning.Besides i use www.********.com to learn trade well.
I also sometimes learn from some of it a few forums and ebooks that never learned to give my friend some stage but I have not yet understood.
of yanng not understand my question to a friend, and finally understood apart from the ebook and others we learn from one's experience also

[penjualdolar]

I also sometimes learn from some of it a few forums and ebooks that never learned to give my friend some stage but I have not yet understood.
of yanng not understand my question to a friend, and finally understood apart from the ebook and others we learn from one's experience also

I just learned on this forum and other forex forum, other than that I just learned from the experience of my trade, and all this can make me get money from my trade.

[venus]

It's important to realize that successful will need time in any business so don't ever think if we could become successful forex
trader in short time. It's important thing to know if all successful will need process so there is no instant way to make a lot
of profit in forex trading.

[ernestina]

Becoming a successful trader is the ultimate aim of every body who has become involved in forex trading. As a forex trader or anybody involved in any business endeavor, success and profitability is the ultimate reward, that is why we cannot undermine the necessity for learning and sticking to the rules of forex success. One way to become successful in forex is to learn from those that are already successful. In following their footsteps we can avoid mistakes that they made in their early stages of trading.

[boniez]

You will need a very long time to be successful in trading, as forex trading is not an easy journey where you will require experience and also have a long journey to success.

[digger_jim]

You will need a very long time to be successful in trading, as forex trading is not an easy journey where you will require experience and also have a long journey to success.

And that needs patience as well as proper planning. Do spend time to make plans, when you want this or when you want that, how you're gonna get here and how you're gonna get there. Without it, it's like making a journey without a proper map. You can always ask around for direction, but it sure takes longer time than bringing a map with you.

[monkedelofi]

Most people�s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can�t be done, because for some this is true, but for the majority it�s certainly not the case. Let me explain in more detail �
In the early stages of most FX trader�s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it�s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD�s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don�t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It�s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader�s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn�t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don�t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief� When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

learn forex traders are usually for beginners often make the fatal mistake early with high confidence plunge into the real account without regard to good and bad market movement is erratic ... it is this which should be considered in order not to fall too far to be in forex market

[njoroge5]

you can become a succesful trader when you know and understand what you are doing, forex requiers a lot of time to understand and trade succesfully,its really what makes you a great trader that you should know, be acurate and learn to take even the smalest amount available.

[syedasadsiddiq]

I think personally the best path for the good trader become successful forex trader, is to follow basic of forex trading like have the knowing of all basic concepts about the money market. To become a successful trader the commitment is also very important in your trading. Just keep yourself at every part of forex trading that makes you a good and successful forex trader.

[ayakcalysta]

And that needs patience as well as proper planning. Do spend time to make plans, when you want this or when you want that, how you're gonna get here and how you're gonna get there. Without it, it's like making a journey without a proper map. You can always ask around for direction, but it sure takes longer time than bringing a map with you.

indeed sir, I agree with your opinion that if we want to run a business then we should have a careful planning and if we have jumped on it, then we also need to be diligent to learn and develop our capacity to learn is by our senior traders.

[June]

I Thanked You For Your Good Post In Trading Line There are always two things one is Good profit and another is bad profit... To Get Good profit you must need to know about how to trade good and get a Proper Result at your Trading. SO First Know about the tricks then You automatically will get Good Profit at your trading's...

[Ramnit]

I think , practice is the key to success in Forex trading. So, I practice trading more and more in my demo account. Learning, discipline, regularity are also necessary to be success in Forex trading. To be a successful Forex trader , we need to be determined in Forex trading. I hope that someday I will be a successful Forex trader.
If we know how to manage your trade and Your acc I don't think it would be a problem to handle trading success, whatever system we want to use we must be first risk and then we should not let greed and loss in our trade

[didikebenaran]

If we know how to manage your trade and Your acc I don't think it would be a problem to handle trading success, whatever system we want to use we must be first risk and then we should not let greed and loss in our trade

I have thought that if we want success in your trading that you have to do is how you can do this trade using money management to eliminate all forms of bad emotions,, greed, fear in our trade

[executor]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

I agree that consistency is the determinant of the success of trading. And the proof of consistency is the discipline and patience. We all know about the importance of planning, then consistency is a must so that planning can be implemented well.

[taufiqbd]

I think for success in forex trading is main secrete weapon is experience. If any trader continue trading 3 years then he must be success in forex trading. Also some other factors if any trader follow then he become success quickly. These are
1. Perfectly demo trading 6 months
2. To know about risk and money management
3. To know about basic of forex
4. Never use robot and indicator
5. Control emotion

[fandi]

dicipline is the key how we can success in forex trading... if we always follow the
rule i am sure that we will get profit consistenly...

[bedi]

I have thought that if we want success in your trading that you have to do is how you can do this trade using money management to eliminate all forms of bad emotions,, greed, fear in our trade

yeah very true so we will be more successful and can avoid larger losses, thanks to his opinion ...

[slametzz]

must perservere and nevergives up us the key to success. do not afraid to try and always trying to learn forex. disciplined rigorous regulation inthe transaction must be owned by traders. do not be she to ask also the key to success

[anish]

yes, you post is nice for being a successful trader specially who are newbies they do the same mistake what you have mentioned in your post.i think if someone can avoid fear and geed follow money management and have a good trading strategy he or she must get success in this market .

[zahidrock]

dicipline is the key how we can success in forex trading... if we always follow the
rule i am sure that we will get profit consistenly...

yes rules maintain are more important for every trader to become successful in this business. Without following rule i think nobody can't be success in this business. because without following nobody can't control emotion and greediness.

[moonletter]

To become a successful trader then takes the spirit and mental strength, because in forex trading psychology needed a capable, although the strategy you use in forex trading is very nice, but you are ugly then psychology can bring you to a big loss. To hone your psychology, it is necessary to learning and experience that takes quite a lot.

[kibara]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:


For me, successful is not result but it's process to become good traders who could make good decision in every different condition
of market. So successful traders are not traders who always won the transaction but traders who could gain more profit than loss
and they could gain consistent profit.

[michel123]

Totally fantastic post i really like this post .This post is very important for the trader who don't know the main fact forex trading ...................

[coiruahmad]

Being a successful trader would need a long and winding journey.Not a bit of money, time and thought that we spend to understand market movements.Because in the forex psychological factors and emotional control to be able to conquer a major role for the market.They can be successful because they build discipline and trading techniques and strategies accompanied by a good and true.

[Lyubov]

maybe with experience should have a positive correlation with trading skills and profits. Traders who experience high should be good to have skills to trade and always generate profit. But the experience does not mean sometimes when traders are not really in trading, there are traders who have many years of trading but still loss.

[Ramnit]

Getting success in forex is the dream of every trader and if the traders will manage the money well then it will be pretty nice for the traders and i can say that they will be successful trader because they know how to manage the money well.

we know every body that forex trading is not so easy,it is very risky and hardy for us,if we would like to become a successful traders so we shall have to know forex trading basic thing sand we need to good. trading strategy.

[oscar]

I think ..
to become a successful trader is a simple thing ..
we only need to apply the discipline and patience in applying system and our plan ..
if we are able to consistently do that, then success will be close to us

[esporti]

for every succeful tradder must to know the important knowledge for the domain , and ur post in verry good that teach others what they need to know

[arif01]

People those who are unemployed they can work with forex in ideal time. People Those who are employed then also work with forex in rest time because it is on line programe and it is always open. So forex is a way of Income for man those who are gather knowledge about computer and online internet use knowledge.

[didikebenaran]

earn forex traders are usually for beginners often make the fatal mistake early with high confidence plunge into the real account without regard to good and bad market movement is erratic ... it is this which should be considered in order not to fall too far to be in forex market

bad experience all the traders have experienced in this trade, but the most important thing we do is how we do this trade with no trade to be too risky in this trade and we should not make is easy to lose large

[Lyubov]

experience is the key to get eusccess in the forex first try to get lot of experience and get th advice from the experience traders that well help to get in the forex

To survive and succeed in forex take long and exhausting process, but all of them will be commensurate with the results that we achieve. To achieve great things we have to pass through difficult stages. nothing for instance To achieve great things

[boitali06]

Each of the traders wants a success in this business because we see money is rapidly operative and fluid infront of our eyes but it is not requisite that we can be successful so growing the analysis of the market testament increment the judge of success.

[kheya]

A trader is not to be a successful trader night to night. To be a successful trader you need hard work. At first you should know the technical analyzes. Then you should know capital management. If anyone done have it perfectly he will be a successful trader.

[Lyubov]

If we want to be successful trading, we have to have passion in trading. The spirit here is not a blind passion, but more in the spirit of trading based on knowledge and trading skills. If it can be done, then it is not impossible to achieve success in forex in the not too long.

[ForexMarket]

Thank you for your article friend, this is long article but very good article. Any trader want to become a successful trader in the forex market but it is very very difficult to do that, they must learn about it hardly.

[fxsilo]

Thank you for your article friend, this is long article but very good article. Any trader want to become a successful trader in the forex market but it is very very difficult to do that, they must learn about it hardly.

agree with you that forex market is very very difficut. we need a lot of knowledge to become a successful forex trader, and also not bored to practice.
many trader stop their activity in forex because getting stres by forex and that proves how difficult of forex trading.

[venus]

If we want to be successful trading, we have to have passion in trading. The spirit here is not a blind passion, but more in the spirit of trading based on knowledge and trading skills. If it can be done, then it is not impossible to achieve success in forex in the not too long.

It was right. To become successful traders, it is important to have a lot of passion to trade well in any different condition of market.
If we did a lot of practices, it will be faster to become better traders and successful traders because practice will give us more
consideration to open and close position well.

[bigearners]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:
Thanks for sharing this valuable article over here. It will help to most of beginners like us to learn about forex market because you had mentioned nice of points like forex is not a way of quick and easy way of money making in short time, if you will come with this mindset, then you will certainly fall into losses. So, take your time in forex and learn from mistakes to become successful trader.

[paksis]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

I agree with you, Most traders get their knowledge by way of instant. The problem is Forex Trading is not something easy to understand. It seems easy to just buy and sell issues, but that really is not that simple.

[khanforex]

Most people�s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can�t be done, because for some this is true, but for the majority it�s certainly not the case. Let me explain in more detail �
In the early stages of most FX trader�s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it�s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD�s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don�t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It�s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader�s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn�t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don�t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief� When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

to become a successful trader you should follow these points 1.first do analysis in your favorite currency pairs 2.develop strategic plans 3.develop money management and risk management plans 4.careful in entering lot sizes 5.don't wait long time for getting huge profit 6.use take profit and stop loss for each orders.

[volt]

It was right. To become successful traders, it is important to have a lot of passion to trade well in any different condition of market.
If we did a lot of practices, it will be faster to become better traders and successful traders because practice will give us more
consideration to open and close position well.

Forex experts will come to us to say that when a buy or sell. Forex market is based on technology and people react just by using different tools and we need to learn that how we can determine market trends.

[ndm]

friends help me i want to be a successful trader what should i do in this business i want to learn it and from where i would be able to see different news and how i can understand the indicator for the trade in future life

[amirepst]

To become a successful trader ,I think you should learn more and more about forex make a good experience from real market ,Also you have to discuss with other traders like you and share you ideas and strategies .

[topmaster]

koi bhi jis cheej mai successful hota hai uske piche uski knowledge mehnaat hoti hai aur successful trader hone ke liye knowledge aur mehnaat jaruri hai aur ye karna jaruri hai nahi to kabhi bhi sucess nahi ho paoge.

[Ramnit]

friends help me i want to be a successful trader what should i do in this business i want to learn it and from where i would be able to see different news and how i can understand the indicator for the trade in future life

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

[tw2012]

Become a successful forex trader is not a easy task. In my opinion, we need to improve our knowledges and skills in forex trading like capital management, gathering informations, and the other useful skills that we need to be success.

[got2luvyou25]

har trader forex business mein successful hona chahiye. aur main bhi successful hona chahta hoon.:) agar hum properly achchi strategy aur achchi knowledge aur patience rakhe to hum ek din successful trader ban sakte hai.:accute:

dekho bahi ye bsuiness na bahut bara ha or is main success hasil kerna her kisi k bas ki baat nahio ha , han her koi chahta ha k success mil jaye lekan baat woohi agi na learning improving and moving along trend ye sektna rehna chahaye

[susanto]

Become a success trader, we need some preparation for it. We have to learn about technical analysis and fundamental analysis. We have to use good money management, and finally our experience is very important to be success trader.

it takes a lot of capital stock and the stock is either adequate knowledge related to technical and non technical while sufficient capital in accordance with our initial target to achieve profitability

---------- Post added at 12:36 AM ---------- Previous post was at 12:33 AM ----------


currency trading might provide you with large profit although along with large chance likewise. To become effective speculator you have to get ready to adopt and deal with raise the risk, and make the profit approximately you possibly can. And there is also to manage your current greed, to create profit prior to a craze alterations its method which is other to help the one that party favors anyone.

the main thing is the capital and consistent mental
sufficient capital
mental consistent and not dependent on the changing market dynamics in terms of the initial target is always enough

[adeusi]

you can only become a successful trader by discipline, and when you design your own strategy, you also need to apply money management to your trading. you are now a successful trader.

[Ramnit]

you can only become a successful trader by discipline, and when you design your own strategy, you also need to apply money management to your trading. you are now a successful trader.

To become a successful traders there are many requirements. Such as- you need to have both the technical and fundamentals knowledge about forex. A good and reliable strategy and a good money management skill is also needed to be a successful trader.

[Techno]

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

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

[Lyubov]

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

[terajana]

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

[seahawks90]

thik kaha bhai mehnat ka kafi bada roll hota hai forex mein, mehnat karne se hum apni knowledge ko badiya bana sakte hai, forex mein main cheez ye hota hai ki mehnat karo knowledge gain karo aur safal ho jao.
bhai iss field mein agar koi trader mehnat hi nahi karega toh pakka hai ki woh iss field mein zyada der tak survive nahi kar sakta hai aur naa hi iss field mein accha profit kama sakta hai kyonki accha profit kamane ke liye mehnat bhuat zaroori hoti hai iss field mein bhai.

[yogesh]

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

[boniez]

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

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

[saintboy]

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

[kibara]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:


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

[mhchomsi]

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

[hendarto]

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

[kalia]

When you necessary to success in the forex trading then it is obligatory to set your strategy and moldiness run according to them, intimately notable roughly forex trading, to knows near the trends of market , uses of signals and indicators then you are prospering trader in forex trading.

[sovon420]

All trader can not be a successfull trader for success he should flow some rules:
1.Make a good trading plan.
2.Make descipline
3.Do hard work.
4.learn forex well
5.We should know aboul concepts of forex trading.
6.Visit many websites,forums, blogs.

[fumina]

There is no instant success in any business, including in forex trading. If you want to become successful traders so you must follow
the process and it couldn't be done in short time. Traders must learn how to trade well from gaining knowledges, training to implement
in real trading using demo account and then train psychology in real account. It will take time at least 2-3 years to become successful
traders in forex.

[budado]

All of those examples of how to be a successful trader will never be useful if you don't try to practice it. What the use if you have skills if you funds knowledge about fundamental and technical analysis if you don't have timing. Sometimes its all about timing. You know the price is going down. But do you know on what price you need to open a position in order to make profit? Because what the use of opening a sell position in bearish market if you don't know that its already reach its oversold point.

[sammy]

to become a successful forex trader you need to make urself a good money management as well as risk management plan. and also, always make a trading plan before putting on the trade and dont change the plan on the go..

[bu'd]

to become a successful forex trader you need to make urself a good money management as well as risk management plan. and also, always make a trading plan before putting on the trade and dont change the plan on the go..

I agree with you. a brief explanation of solid and clearly motivated me in trading today. as a beginner I really want to become a successful trader. and me as an unemployed is expected to be here for my employment and unemployment in my area.

[boniez]

one more thing,, that to be a successful trader also takes a lot of things you should be the main is that you must add to the experience of trading and trading experience to know that it includes some important things where it all is not as easy as you think.

[Md Ratul]

to become a successful forex trader you must know about forex.and maintain the ruls.and always do the demo account after use real.it helps you to know about forex trade...overcome your emotion.

[khanforex]

Most people�s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can�t be done, because for some this is true, but for the majority it�s certainly not the case. Let me explain in more detail �
In the early stages of most FX trader�s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it�s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD�s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don�t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It�s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader�s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn�t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don�t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief� When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

every body wants a success in this business because we see money is quickly running and flowing infront of our eyes but it is not necessary that we can be successful so increasing the analysis of the market will increase the rate of success.

[moonletter]

Being a success is very necessary that the process does not require instant. It applies to all businesses, including in forex trading. You have to learn a lot about forex trading, ranging from trading strategies, market analysis, psychology and good money management. Once you learn seriously still require substantial time to be successful, it takes experience and an accurate analysis. The time needed to achieve success in forex trading every trader is different.

[lilorusdi]

every body wants a success in this business because we see money is quickly running and flowing infront of our eyes but it is not necessary that we can be successful so increasing the analysis of the market will increase the rate of success.

in fact many, if not all of it is not easily explained, but if it is the most important steps that have been tested and can produce consistent profit

[BDforex]

There is no shortcut way to success in forex trading. It takes a quit long time. If anybody want to be a successful trader then he should must be try to gather knowledge and experience, find out a good strategy, using good money management, control his emotion and greed. These are the major things to key of success in forex trading.

[eraesh]

thank you so much for your instructive posts. i really appreciate it. i really love to come to this forum to learn and i always find some useful posts like this.

[liyonala1988]

If you want to be a successful Forex trader then need to have better knowledge regarding Forex strategies and money management. Also need a concentrate on it with a patience.

[kalponick]

Even everybody wants the same thing then that thing becomes hard to get.. In this world everybody wants to earn money.. and for this every trader wants to be successful in his trading.. this is why it becomes the hardest job in this planet.. Dont ever try to find any short-cut because there is none..

[anamul20]

have gone through all the warnings and precautions about unrealistic expectations, reckless and risky practices, and compulsive trading, and what not, and you are still interested in forex? You're not intimidated by sensible, realistic, and honest discourse about what can and cannot be achieved by a currency trader. Nor are you a dweller of cloud-cuckoo-land: you don't seem to expect great returns for no effort.

[fxsilo]

to become a succesful trader we must know in details about forex. Most of the people enters in forex market without gathering proper knowedge thereby he lose in business and lose the interest to invest further more

when people trade without some knowledge it mean we doing gambling in forex and certainly loss will come.
very difficult to learn forex trading because there is no university or collage teaching about forex science. we can learn by own and mentor, so we must seriously do this business.

[kibara]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

The most important thing to be a successful trader is to be disciplined and able to manage our funds to good use. It could be our capital to be successful in trading. and we also have to understand the fundamental trade.

[topmaster]

bhai successful banna aasan nahi hai uske liye bohot kuch khona bhi pad jata hai successful trader bane ke liye trading ki har cheej ki knowledge hona bohot jaruri hai acha experience hona bohot jaruri hai.

[sayem]

Become a successful trader you need to proper learn first. without proper learn you can not found success. successful traders must have perfect knowledge and experiences. this two is number one reason to success in Forex i think.

[boniez]

I'm very supportive if you want to be a successful trader, because to be a successful trader is not easy in fact, but every trader should be to have such a desire as well as us.

[hasan0012]

Forex is serious business, and is no place for fools. True, those who just want to gamble away with their money would serve themselves better at casinos than forex brokers. And no, currency trading is not a game, a pastime, or a sport for those with a lot of leisure time to spare.

[khanforex]

There is no short cut to success and success percentage in this trade is very less so it becomes all the more difficult to achieve success in this trade.A trader must trade with basic rules and always stick to them while trading to become successful and should follow trading discipline.

a successful trader always update himself.. may be its his stratagy, indicators, advance indicators. ebooks, or news..more important things is they control their emotion.. they have the patience, they trade for long term..use money mangemnt.. and they are constantly overall gaining profit every month

[adeusi]

you can become a successful trader by stick to the system that you think it is the best for you, after you have learn trading in reading the books and in trading the demo, syick to your system that you know very well.

[Arara]

Irf or sirf sachi lagan says rona mehnat say hi kee aik banda ban sakta Hay traders successful. in order to trade forex ko koi serious nae layta to wo kabhi bhi acha nae ban sakta trader. consistency says kaaam kernay say achi ki jaa sakti Hay trade.

[shabu0200]

can you become really rich as in tens or hundreds of millions dollar worth, by just trading forex market? I mean these funds managers are doing many other markets, have access to people in the biz.

[topmaster]

bhai ek safal trader banna aasan nahi hai iske liye bohot time lagta hai aur bohot knowledge aur experience chaiye aur successful trader banne ke liye humko bohot hi mehnaat aur knowledge experience gain karna chaiye jisse hum successful trader ban sake.

[taufiqbd]

Everyone has the potential to learn to trade Forex quickly, learning a method that can make money easily and if you adopt a disciplined attitude, your ready to enjoy a three-digit income in about 30 minutes per day.

Goood Luck and Have a Nice Day ;)

I think forex is not a game or money making machine. If you a trader think that forex is money making machine then he must be loser in forex. To make profit a trader have need huge time and hard work. When a trader perfectly know forex then he learn forex.

[riya]

In dictate to channelize a prospering trader staleness study how to cover this trader technical analysis first before you start in Forex
And staleness learn everything most capital management even knows when and how to begin and lose of deals and is entered into by the ratio of the intensity of capital

[rmostak]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

If You will be successful trader then you have to need lot of experience from Forex market and you have to learn Leverage,Risk ratio analysis ,Money management, follow the different kinds of news and how to analysis of Market . Then you have to a successful trader of Forex market.

[will]

we know that forex is very complicated and very high risky business. so if we would like to become a successful forex trader we need to know good trading strategy and good trading planing.

It's not too complicated and the risk could be managed if you have learned how to trade well from many souces. More time to spend
in practices, I am sure if it gave more experiences so it is possible to gain profit from doing a lot of practices.

[sapna]

Basic is very important for trader if trader know about basic then trader know advance study very easily. So trader should know basic first. Practice on demo account trading is very good for trader. trader can know about basic practicing.

[room]

Basic is very important for trader if trader know about basic then trader know advance study very easily. So trader should know basic first. Practice on demo account trading is very good for trader. trader can know about basic practicing.

[ismail trader]

It's not too complicated and the risk could be managed if you have learned how to trade well from many souces. More time to spend
in practices, I am sure if it gave more experiences so it is possible to gain profit from doing a lot of practices.

yes. we must get more to practice, many options strategies and a lot of advice from other traders in this forum, as long as we want to open up these advice can also help our learning process to succeed in forex.

[Nganti]

yes. we must get more to practice, many options strategies and a lot of advice from other traders in this forum, as long as we want to open up these advice can also help our learning process to succeed in forex.
Right, with more practise we will know about the conditions in market. after know the charateristik on market we will also know about risk , so we can avoid somethink for profit in our trading.

[3assimi]

Do you know that it is possible to make thousands of dollars in profits by trading only from your home? Started a taxi driver in New York named Bruce Kovner foreign exchange in 1977 with an initial investment of only $ 3000. Was a genius? No. What was done to combine a few forex trading secrets with a lot of discipline to the accumulation of wealth. I'm not telling you this story just to hype up the importance of trading. If the common man like Bruce can go from $ 3000 to millionaire in just a few years and then I do not see any problems for you to reach ...

[dmambi]

To become a Professional trader is the dream of most of the traders here. for this we need to have good knowledge about this business and good hands on real account trading experience is also required. The more we have have experience the better trading decisions can be taken.

[ras]

excelent post and will be very helpful for the beginner who want to be a good trader,so it is needed to follow the instruction stated above.

[ayusri]

of course, the setting of the risk of tra ding meripakan bagianyang can not we separate in our trading to become a great trader, trading is a way of trading without stoplos no measurable financial management and this is why we will make trading out of control and harmful to our trading. This all is one of how to control emos, where emotional control is to be owned by a trader who really want to succeed in trading, a trader can tidk trade without emotional control, with no regulation and management of funds and without years of practice in long, a trader will be successful if you continue to practice controlling his emotions in trading, capital controls and use the system to be profitable trading.

[sarwar]

Trading Forex is a risky business that can give you high profit but also tremendous losses.the foreign exchange market is very difficult and require some study before you set up it must follow the financial news closely

[AMIT]

Trading Forex is a risky business that can give you high profit but also tremendous losses.the foreign exchange market is very difficult and require some study before you set up it must follow the financial news closely

want to be good forex trader , you have to be first collect knowledge about forex, every day you must touch with financial news, and have to practise demo.

[zahidrock]

Fundamental is vital pertaining to dealer in the event that dealer learn about fundamental and then dealer realize improve examine without difficulty. So dealer should be aware of fundamental first. Exercise on tryout consideration dealing is quite good for dealer. dealer may learn about fundamental exercising.

[will]

Practice makes perfect in forex so if trader want to become successful in forex so he must do a lot of practices to gain more
experiences about how to trade well and it will build the psychology of trader to face any condition in the market. More experiences
will give more accurate decision but it will happen if the trader could learn from mistakes.

[william88]

in forex,,we must keep our mind open...we open to the news,and open to a new strategies..
While we are trading,we must keep our trading consistenly..

[haryadi88]

in forex,,we must keep our mind open...we open to the news,and open to a new strategies..
While we are trading,we must keep our trading consistenly..

TO be a successfull trader is not easy. Its requiring dicipline and controll on our emotion. Dicipline with our strategy and analysis will make us get profits with our trade

[sapna]

trading may aa jana to asaan hay laykin iss may say kamana bohot mushkil hay. sirf wo hi jald kama saktay hain jo kisi achay professional trader say trading seekh saktay hain, un ko trading may kamiyaabi bhi jaldi mil jaati hay bajaey on kay jo khud hi try ker ker kay trading seekhtay hain.

---------- Post added at 05:50 PM ---------- Previous post was at 12:35 PM ----------

I agree that consistency is the determinant of the success of trading. And the proof of consistency is the discipline and patience. We all know about the importance of planning, then consistency is a must so that planning can be implemented well.

[happyrichyyy]

Well I don't agree with you totally. In my opinion it's better to go with the flow, just make as much profit as you can in each and every trade, in this way you will feel comfortable in every trade. On the contrary, if you plot the exact amount to earn in a certain period, you'll set up yourself in some stressed land , and there's already some stress comes with forex itself, you are just making it more, not good for the healthy physically or mentally.

[oscar]

each trader has an objective to gain success in forex ..
but only a few traders are able to achieve success in this business ..
always trying to improve your skill and discipline to use your plan ..
I hope success will come to you ..

[antosco]

To be successful in forex trading means that our profit should be far more than our loss and in other to do this, we need to practice on demo account to learn before trading with our real money. We must cut our loss short by ensuring to use the stop loss at all time and relying on a trading strategy that is profitable.

[Arara]

Yes, of course if you use a lot of smaller size, the risk will be lower as well as profits will be lower as well. If you want to practice to get the daily profit, I thought it was a good idea.
In the future maybe we can get high returns with a couple of pips we get. It's purpose in the scalping method right, using small pips to profit. But we must be careful in the news that usually appear.

[ismail trader]

it is true that all the way to the history of success in forex is not easy as everything seems.
but it should not make us discouraged because people are always successful in rising every time down.
learn from successful people will make us stronger mental

[ismail trader]

get rich quick does not mean we've become successful, its size is to call it a success and spiritual happiness, if we are rich but trading is still many loss is also less good and less good relationship with the family because it is taken over trading.
the truth is if we can take advantage of trading as one of our investments to earn unlimited income without having to sacrifice our time for the family so that our quality of life was still good.

[amero]

Success in the forex market is not something really easy and needs a lot of fatigue and effort continued continued without boredom or despair that we will not be able to reach the success and what we want and also financial freedom truth on the internet .. the most important thing he needs Forex is the patience and the desire and determination to achieve what we want and also the commitment

[kakuly]

well friend,
Every business has his own rule. forex trading have his own rule. I think the main 3 rule must be avoid to make profit.
1. don't open too many unnecessary positions.
2. avoid risk by use low margin.
3. not make same mistake several time.

then a trader must be a successful Forex Trader.

[nabila]

read forex traders are unremarkably for beginners oftentimes straighten the fatal error immature with soprano confidence plunk into the realistic relationship without respect to right and bad marketplace front is fickle ... it is this which should be advised in impose not to gravitation too far to be in forex marketplace

[andrian]

i think we only can succeed if we follow two strategy for a week , we have to follow the strategy but if it fails then we have to use another so that we can earn profit

[didikebenaran]

some of the capabilities that we must have to be successful in this business, that are:

- we must Have and can be control of capital and risk management be accurately

- Ability to manage emotions so that a trader far from being greedy, avaricious, fearful, or hesitant

- Good habits: make trading plan that's right, not speculative also not spontaneity.

- Do not forget: patience and discipline.

exactly what you are saying that if we have the analysis and have discipline in our trade and we will be able to find success in our trade and we will be able to have a trade that would be more in our trade to maximize profits

[forech]

you can success with forex and can earn lot of money from forex.firstly get good knowledge and practical knowledge fron demo account and forex trading lesson,after you become a success from forex trading.

[shohel molla]

Realy it's a very nice post.Now we are learn many things for your post.Also every Forex beginner learn more from your post.Many Many thanks for share the post.We are hope that you will be continue the post for every forexer.

[happyrichyyy]

you can success with forex and can earn lot of money from forex.firstly get good knowledge and practical knowledge fron demo account and forex trading lesson,after you become a success from forex trading.

Well it's not necessary to take some lessons, but it surely is required that we need to learn each and every basic things systematically, step by step, which sounds like some lessons in different stages actually. But the thing is you can study it casually, like through some online free course, or tutorial thing, whatever suits you and comforts you, as long as you could learn all that's needed.

[fxsilo]

you can success with forex and can earn lot of money from forex.firstly get good knowledge and practical knowledge fron demo account and forex trading lesson,after you become a success from forex trading.

certainly a good knowledge and practical are important if we want to success in forex trading business.
we also need motivated to do all that, because sometime we will feel lazy to do all that.

[cozard007]

When you want to success in the forex trading then it is necessary to set your strategy and must run according to them, well known about forex trading, to knows about the trends of market , uses of signals and indicators then you are successful trader in forex trading.
The thing is that it is very possible for everybody to be a successful trader if we knowig what we are doing in trading the financial market, it is not possible also because market need loser.

[Saif]

I think forex is not a money maker machine. and it's think is a big wrong. forex is a business. a successful trader can profitable from forex. you think forex market is a money maker machine or a good way for quick profit. more profit in short time. i suggest you avoid your idea and and more study to forex.

[nurivasyarifah]

just try hard who can change our destiny, of course sacrifice greatly in demand in the forex business is here especially at very high risk so you should be more mature in that will take into account the decision taken.

[place]

my wish always will be there because i was newbies and learned from here.too many important things i learned by forum and that is why i love it.it makes me so easy to become a professional trader.

[Arara]

Yes very true, everyone knows that making money is not so simple. Sometimes you will get a lot of money in a short time, but spam most of it take too much time. After I won 20 bucks in 4minutes but after I waited for 5 hours and I won just 2 bucks so it also depends on the market. just be patient while trading with forex and develop strategies, the most you develop strategies, the more you will be sure and confident about your trades.

[mou3ad15]

Well I think to be a successfull trader you should follow this steps :
- search to learn , read on forums and ebooks , watching videos and asking professionels
- open demo account to practice on it ,try some strategies and make your own strategie to get some experience
- start trading on real account but with smal capital until you get ready
Noice : the newbie should take enough time on learning at least 6 months

[hunted87]

Have you heard about the benefits of forex trading as a tool to create personal wealth?

Gone are the days when forex trading are meant for the "big guys" - institutions, big companies, banks and financial institutions. Today, the man-in-the-street can access facilities to trade in the privacy and comfort of his home! He can earn a living trading forex from the comfort of his own home.

If you are someone intending to be involved in forex trading, there is available a lot of help and assistance to get you started off. Let us consider 4 main guidelines that are important to you if you intend to make money as a forex trader.

Firstly, is forex trading for you?

Forex trading involves study and gaining skills to trade. Generally, a quick style of trading is needed for day trading of the forex. On the contrary, if you are someone who cannot spend too much time on the trading screen, then swing trading is envisaged. Both styles require you to spend time to study technical setups peculiar to these styles. Check your own risk profile. If you cannot tolerate risk that is opened for long periods, then day trading, which may involve trading within mere seconds or minutes is suitable for you.

Secondly, are you capitalized for trading forex?

With the advent of leverage, and min-forex, capital is no longer an issue in trading. Unless you are a swing trader, where you intend to open your trades for a longer period, you really do not need a very big amount of capital. This is more so because as a beginner to forex trading, you will start off small, and build up experience as you go along. Check with your brokers to comply with their levels of capital requirements, and check out the possibility of conducting mini forex trades.

Thirdly, are you going for a technical approach or a fundamental approach?

Most forex traders are technical traders. By this, they look at charts to spot any technical trading setup, and if prices have reached a certain level they would buy or sell as the case might be. Charts feature a lot on their trading systems. There are those who adopt trading signals based on fundamentals. This will include the news release, reports of economic trends, treasury news and so on.

There are those who blend their technical systems together with news releases as well. No matter whatever approach you use, make sure you identify properly the proven profitable trading setups and concentrate on trading these until you are an expert.

Fourthly, be aware that forex trading can be a most exciting career move - you can earn a living trading forex online. Much as the rewards can be great, there is a learning curve to follow. You can accelerate your learning skills by following a structured course of learning forex or getting a mentor who is willing to show you his secrets and pass on knowledge of his techniques.

So be prepared to learn, spend time to paper trade your trading systems until trading is second nature to you and until you become a consistent winner even during simulated trades. Until you find that confidence and high win-loss ratio, continue to paper trade.

By following these 4 guidelines, you have the best chances to become a profitable forex trader.

[khanam liza]

many people can say many things but i wanna to say that u have confidence of yourself. and set ur mind o accept losses. In a business loss will be come not all the time u will gain some time it's not earn profit that time u control ur emotion and improve ur mistake and come in the trade in d doable sped. success will definitely come.

[ishvara]

The main aim of every trader is to be successful and make profit and not only making the profit but increasing the profit been made from time to time. Every newbie should have this as their target. Newbies should keep to all the rules of trading for successful and profitable foreign exchange trade.

Yes success in forex currency trading business does not only mean making profits, it has more to do with maintaining a consistent profit for a forex trading. Time and practise can help us to achieve this.

[andrian]

Almost all of traders know that gold will always going up after bearish, however we must have enough margin so our account still survive until it going up, so we must calculate about lot size that we use to trade with gold, make sure that our margin are strong enough to survive.

[sad]

But confidence and braveness comes only with the increase of knowledge, it at certain position, you don't know what to do, whether sell or buy, your confident not just help you to trade anything.

---------- Post added at 01:12 PM ---------- Previous post was at 12:58 PM ----------

sirf or sirf sachi lagan say kee hue mehnat say hi aik banda successful trader ban sakta hay. agar koi forex trading ko serious nae layta to wo kabhi bhi acha trader nae ban sakta. consistency say kaaam kernay say achi trading ki jaa sakti hay.

[mcceducation]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail …
In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist.
Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders.
A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money!
Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management).
When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing.
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable.

:):):):yahoo:

first i say if you become a successful Forex trader at first need learn about Forex then start demo Account, when you know every thing of Forex Trade, and you gain trading with demo account you can go now real account i hope your success here.

[jamilktba]

The good amounts of the confidences and a positives thinking with lots of braveness are the biggestly tools to be a successful traders in the markets.But yes we have to first have the capability to get somes nice amounts of the investment cash in the markets to trade as with large amounts of money,more profit can be won by the trader..

[happyrichyyy]

Well investment cash is something handy, if you ain't that greedy in making a huge amount of capital, coz by posting in a forum like this, you can make some free forex money already. The more you post, the more forex capital you're gonna make. And in my opinion we can always start from some small amount of investment, to test and skill and stay safe of course.

[suhu]

Well investment cash is something handy, if you ain't that greedy in making a huge amount of capital, coz by posting in a forum like this, you can make some free forex money already. The more you post, the more forex capital you're gonna make. And in my opinion we can always start from some small amount of investment, to test and skill and stay safe of course.

I also agree with you, I think the main enemy is greedy, because the greedy, we will experience a sense of loss and I am greedy because we do not understand how good trading.

[fxsilo]

experience is the key to get eusccess in the forex first try to get lot of experience and get th advice from the experience traders that well help to get in the forex

yes virgo, certainly we need experience if we want to success in forex trading. i think a trader who more than 2 years experience in forex certainly they have a lot of experience in face of mistakes and good profit, but im not surely if they always learn from past mistakes and do learning caused past bad experience.

[sadam]

surely, is to become a successful trader you must go through a lengthy process first, but it also takes a long experience. because it takes a lot to our knowledge really can be a successful trader. to itulan is needed and the process of our struggle hard in achieving that success.

I agree with you, to become a successful trader is not easy we need to struggle in achieving it, one of these struggles is that we must always eager to learn in order to get the skill of trading is good and right.

[zahidrock]

I believe we have to have an overabundance to rehearse, many choices tactics and much associated with suggestions by other professionals with this particular local community, provided that we have to offered most of these suggestions may guide your current understanding process to achieve Fx.

[jamilktba]

I believe that there is no shorts cut to the success and the success percentage in this trades is very less so it becomes all the more difficults to achieve success in this trades and the trader must trades with basic rules and always sticks to them while trading to become successfuly and should follow trading disciplined !

[mika]

I believe that there is no shorts cut to the success and the success percentage in this trades is very less so it becomes all the more difficults to achieve success in this trades and the trader must trades with basic rules and always sticks to them while trading to become successfuly and should follow trading disciplined !

I think the success that it is very difficult to get, and I believe in any such force, that can make us successful is we have a serious intention to learn forex so that we can become a great trader

[antosco]

to be a successful trader, you should spend time demo trading and after you have enough knowledge and experience, you can open a cent account that you can begin trading with on live account so that you learn to control your emotions. Never trade without your stop loss level in place.

[happyrichyyy]

Well it's not that necessary to open a cent account, coz through forum posting like this, you can get some bonus as capital already, which could be cents, bucks, or even hundreds, depending on your own effort in posting. Although you have big amount of capital in the account, you can still start with the small size of lot to see how it goes, and later on may enlarge the size if you are stably successful.

[rakib25]

we jazz that forex is real complicated and real treble dangerous business. so if we would equivalent to transmute a flourishing forex trader we pauperization to screw fresh trading strategy and beneficent trading planing.

[muhammad]

to be a successful trader, you should spend time demo trading and after you have enough knowledge and experience, you can open a cent account that you can begin trading with on live account so that you learn to control your emotions. Never trade without your stop loss level in place.

correct sir, it is not easy to be a successful trader is required strategies that cooked and of course accompanied by the provision of knowledge and a deep knowledge as possible in this

[jerryandika]

This factor from the psychology of trading which if we are trading on a demo account emotions and psychology we are not affected much,
different if we are trading on real accounts of emotion and psychology would be very influential,

[jahangir2812]

To be a successful speculator it is best to spend some time tryout dealing as well as once you've adequate understanding as well as practical knowledge. you'll be able to available anything at all account you could commence dealing using in live account in order that you figure out how to control the sensations. In no way deal without the quit burning amount in position.

[pinki je]

ager hum aik successful trader banana chhaty hian to mere khail main humain greed se bachna pary ga yehi aik main cause hai humary loss ka ya kabhi kabhi humary accounts ke close ho jany ka kabhi kabhi acha profit kama rahy hoty hian greed ki waja se wohi profit loss main badal jata hia

[fxsilo]

to be a successful trader, you should spend time demo trading and after you have enough knowledge and experience, you can open a cent account that you can begin trading with on live account so that you learn to control your emotions. Never trade without your stop loss level in place.

i'm agree with you, i think a trader have a good procedure or step if the trader want to success in this business.
first certainly they must learn in the demo account, and then they will learn psyhcology trading in the cent account then we join into real standard account.

[jahangir2812]

Achievements divorce lawyers Atlanta filled out associated with existence need initiatives and work there is nothing simple to achieve thus similar utilize in forex trading filled out. You will need to putt your total initiatives and work to have a number of beneficial and glorious benefits.

[jahangir2812]

Basic is vital intended for dealer when trader be familiar with simple then trader realize progress analyze without difficulty. Therefore trader should be aware simple 1st. Training in test account trading is incredibly perfect for trader could be familiar with simple doing.

[Gurufx]

i'm agree with you, i think a trader have a good procedure or step if the trader want to success in this business.
first certainly they must learn in the demo account, and then they will learn psyhcology trading in the cent account then we join into real standard account.
I think forex now is complicated not just buy or sell, you have the practical knowledge. with experiance you can do it better and better. in forex trading. here many things are ur strength and many things are your weakness. technical indicators, fundamental, must combine in good decisions.

[victorforex]

To become successful trader is require much sacrifice from trader. Sacrifice in time to learn about the forex and sacrifice to make testing of different strategy and make sure of to get a profitable one.

[happyrichyyy]

Yea there are many things required to be a successful trader, not only good money management and good skill, but also sufficient practices, good updated strategy, etc., all make up a good trader, with stable profit or earning always, to achieve that of course there's a lot to do, and I wonder if every successful trader would tell others that he's successful?

[antosco]

I agree with you @happyrichyy, we can't just become a good trader by applying money management and good skill alone, but we also need to practice on the demo account consistently until we have enough skill and experience to help revive our trading strategy and skill.s

[andrian]

We really when we do the work of a successful trading strategy, it makes us realize the good and profit of the best that we work strategy is successful

[adesatriani]

in my opinion, be a
successful trader is
not too difficult, as
long as we learn from
our mistakes and keep
correcting our
mistakes, do not
easily give up, that
would not give up going
forward, and always
remember to always
pray,,

[fxsilo]

I think forex now is complicated not just buy or sell, you have the practical knowledge. with experiance you can do it better and better. in forex trading. here many things are ur strength and many things are your weakness. technical indicators, fundamental, must combine in good decisions.

of course, actually we can easy to become a successful trader if we are always have a goal and always have good motivation to trade.
some trader dont prepare their goal in here, so they late to learn from mistakes and they dont remember it again.

[widia]

Mini account is best for new traders those have not much money to invest. This type of account help them to invest and trade in forex market. Every broker offer this kind of mini account.

[shorif]

Forex are world best trade its easy and quckly erning and recive money shortly.all most pepole are mostly not experince in the forex market .some time work the forex trader and meet a good experince. per day some time work the forex trader we sure make a best money of forex trader.god blease you. all the best luck.

[zahidrock]

there is certainly numerous issue how the trader require an they should be complete for you to enable these individuals currently being the actual productive trader within the foreign exchange organization, the actual trader have to use the beneficial cash managing in addition to require the great skill.

[ashary]

Do not ever think this is gambling because it is a business for us who know the shortcut to go forward we do not listen to must be his own person to show that we can be successful without working with the boss

[deepak]

I agree that consistency is the determinant of the success of trading. And the proof of consistency is the discipline and patience. We all know about the importance of planning, then consistency is a must so that planning can be implemented well.

[sayem]

become a successful Forex trade is a dream for all Forex traders. but all can not be success hare. Forex is very risky market and if you have not enough knowledge and experience if you have not a good plan or business strategy then you can not become a successful Forex trader.

[dhiraj]

Basic is very important for trader if trader know about basic then trader know advance study very easily. So trader should know basic first. Practice on demo account trading is very good for trader. trader can know about basic practicing.

[suresh]

sirf or sirf sachi lagan say kee hue mehnat say hi aik banda successful trader ban sakta hay. agar koi forex trading ko serious nae layta to wo kabhi bhi acha trader nae ban sakta. consistency say kaaam kernay say achi trading ki jaa sakti hay.

[Kimpet]

sirf or sirf sachi lagan say kee hue mehnat say hi aik banda successful trader ban sakta hay. agar koi forex trading ko serious nae layta to wo kabhi bhi acha trader nae ban sakta. consistency say kaaam kernay say achi trading ki jaa sakti hay.

every trader want success from forex market and we know now forex business is all the best business in the world. they can make money from forex market with their knowledge and experience .

[VS16069157]

In this business success looks easier but it is not so easy, to achieve success you must have good knowledge in proper money management & a detail knowledge about Forex trading then you will easily make profits....

[happyrichyyy]

Hey money management and knowledge about forex ain't enough for becoming a successful forex trader, coz you need to practice to make it perfect. Same case in studying anything, when we go to school, we attend class or lecture, then we attend some test to check how we have learnt and grasped the knowledge in the class, that's why practice is important, to evaluate how much you've learnt and how good you can do it.

[fxsilo]

yes, we need to practice on real account used to start trading a mini account, so that we can minimize our risk. although we have a margin call, we just lose a little money.

i think it depend by the trader too, if we have good capital and have a good experience too we may can trade in the real standard account.
a standard accout will give more psychological impact than mini account. but if we are still learn and train the psycholoical in trade we must using mini/cent account.

[rokonripon]

If you want to be good trader you have to be also a goo learner,smarter,and experienced.
have a quality of selecting right time framing and using it .

[Sun-Moon]

We are trying to perfect trader, as a profitable trader. I am so. However, Deliberate practice and learning can make us as a perfect trader. Otherwise, it is not possible.

[yaqoobali95]

to become a successful trader one should do trading with knowledge and full attention. daily technical analysis is very useful to study.

[ronin]

frequently changing strategies and follow the many rules is a natural thing for a beginner. become unstable as a beginner is a stage that must be experienced, because in fact they do that is caused by ignorance and not sure of what they have learned. That's why only those who never gave up that can survive in this business.

[Kimpet]

to become a successful trader one should do trading with knowledge and full attention. daily technical analysis is very useful to study.

it is easy to make success from this business , you need to get good experience and knowledge to make good success from this business , you need to be confident.

[sadam]

it is easy to make success from this business , you need to get good experience and knowledge to make good success from this business , you need to be confident.

basically very difficult to be successful in this business, because we need a lot of time to do the study, but if we can learn forex well and have a good trading skills would be quite easy to make profit in forex.

[nita]

the best thing for the stop loss is use it on the good area and on the perfect area, just like we need to put it on the area like the support or the resistance point or depend on the analysis that we have make

[rofeq]

to become a successful trader one should do trading with knowledge and full attention. daily technical analysis is very useful to study.

knowledge and training to be a key word in this business without it we will be hard to get the money here to learn and keep practicing and read market analysis and market predictions that the most important

[skboyra]

to be a successful forex trader you have to understand the fundamental and the technical knowledge of the forex market, at the time of the investment you have to control your emotion and be careful about the market sentiment then you become a successful forex trader.

---------- Post added at 10:20 AM ---------- Previous post was at 10:17 AM ----------

to be a successful forex trader you have to understand the fundamental and the technical analysis of the products, at the time of the investment you have to control your emotion and the better knowledge about the market sentiment, then you become a successful trader

[The Queen]

A successful trader is one who has less loss but has more gains. If you want to be as such, then you must devote your time to learning, and also you must have good money management. Have a target for each of your trade, and stop trade if got to that target.

[devvi]

Foreign Exchange, or ForEx, trading is an interesting way to make money online. Trading in ForEx is a risky business that can give you high profits, but also tremendous losses! ForEx trading is a legitimate way to earn money and if you follow the tips in this article you should be able to become successful in it.


What do you need to get started in ForEx Trading?
First off all you need a computer with a wide screen and a high speed internet connection. Secondly you need to open an account at a broker like, eTorro.
Make yourself familiar with the industry jargon and do some trading on a dummy account first before you use your own money.


Learning is Key in ForEx Trading
The foreign exchange trading market is difficult and requires some study before you step into it. ForEx is always traded in currency pairs like USD-EURO. There are excellent guides to find on the internet if you search on ForEx trading guide you will find plenty. First of all you need to decide in which currencies you want to trade. Follow this currency pair for a while to gather statistics and trends in the strengths and weaknesses.


Follow the Financial News Closely
You have to start following the financial news closely to spot events that might influence the value of the currency that you want to trade. Also news about wars and other political disturbances could have a huge impact on the ForEx Market.


Demo Account First
Before starting to trade with real cash, it is recommended that you open a demo account with a broker fist. A lot of brokers offer demo accounts to help you to learn trading in ForEx. In this demo account you can learn how trading works and gather important statistics for the preparation of your trading plan.


The ForEx Trading Plan
Every trader will tell you to prepare a solid trading plan and to take enough time to do this. Your trading plan will be based on the currency pair that you want to trade in and the statistics that you have gathered about the past performance of the pair. Combine this knowledge with the latest financial, and political, news to determine your buying and selling moments.

if we obey what the game is on fx makakita will quickly become a success because our main capital is to help each other and if we are good then the result would be good also do not easily give up the state

[shazzy]

successful trader banane ki liye humain proper knowledge and skills ki zarurat hoti hai. without knowledge hum forex trading main successful nahi ho sakte. start main demo account pe trade karni chahye or us pe practice karni chahye. phir real account pe trading karni chahye or start main small investment se trading start karni chaye. or agar sath hum hard working karen gay to aram se successful ho jaye ge.

[place]

sir in my knowledge to become a good trader is not so easy yes possible but need big trading experience.and trading experience will come from your trading success or profits that you gain here.

[happyrichyyy]

Hey everyone wanna do the trading like a professional trader, however, the point is what does a professional behave in forex trading? How could we know that? We can't go to any professional trader and watch him trading always. We could only learn, practice and develop our own way to trade, I guess majority of the traders don't know how professionals trade, am I right?

[forexstudentforever1]

Most people’s experience in the Forex Market is relatively short and in no way profitable. They hear about the currency market and think it is an easy way to make a lot of money in a very short space of time. Now, I am not saying this can’t be done, because for some this is true, but for the majority it’s certainly not the case. Let me explain in more detail … In the early stages of most FX trader’s careers, the first forex trading decisions generally come from tips and recommendations from brokers, alert services, forum threads or sometimes even mutual novice trading friends. Then, at some point, traders decide to study the market and attempt to find the perfect system or method to trade with. I am sure you can relate to the following statement; for many traders, the Forex market and it’s nuances truly become an obsession that takes up countless hours of searching on the internet and books, forums and DVD’s , in the hope to find the holy grail Forex trading system, which they eventually find out, simply does not exist. Traders develop or buy a system and start trading way to soon. Sometimes it is profitable, but when it has a few losing trades (which is normal), they change the system, read a new trading book, etc. or go back to looking for tips and advice, back to the forums, back to Google, searching for more information. After some time, and after more losses and frustration, most give up and stop trading altogether. Or, they go on the analyzing merry-go-round, keep paper trading and never get any financial success from their trading; this is the case for 90% of newbie and intermediate traders. A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system. Ironically, a good trader who has skill and a good mind can make a profit with even an average system. Put simply, even with a perfect system, the human mind can stop it from making money! Statistics from surveys of US traders indicate that once a trading methodology is developed by a Forex trader, then 80% of the effort in trading is actually trading skills (that includes things like Forex trading psychology and Forex money management). When the trading system is developed and trading skills are learned, a person starts finally trading properly. Most traders encounter a setback at some stage; either the market conditions change or they don’t follow their rules. However, if good money management is followed, this is not a serious problem. Often, even after winning for several months, after a small set back, many great traders stop trading to evaluate what has happened. This is often a mistake, and is again, the ever-present emotional element which plays in the back of our minds every day we trade. It’s a mistake to interfere with the consistent day to day trading routine, even in the face of losses, the trader has to press on and believe in what they are doing. Here some common traps that traders fall into, this is where the real decision about the trader’s future is made: 1. They stop trading all together 2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen. Or 3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules. The the forex traders who go on to achieve greatness: (a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track. (b) Wait for market conditions that suit their trading style. This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives. Trading success is a result of consistency, discipline and patience and most importantly self belief… When you have a forex trading plan that involves clean price action strategies, and that is built on practical workable parameters and it suits your personal and financial requirements, and you stick to it, then your Forex trading will become more enjoyable and more profitable. :):):):yahoo:Hello Everyone, If you want to be a successful trader, its so simple if you can follow these three aspects: Find/Create a battle tested winning strategy(be it intraday,scalping, swing trade...etc whatever your choice), learn and implement risk management, control your emotions in trading - meaning be a discipline trader in following your trading rule all the time. If you can follow these 3 all the time, I am sure that you can be a very successful trader in the future. Thanks.

[Arara]

I think that I just need to find the holy grail ... or something like this that can give you the advantage of constant. I used different materials or methods to it. but it doesn't really work. Forex is something you can easily master. You have to work very hard and learn the most about this market. Only then you can become a successful trader in your life.

[joko]

There is no one who could become successful traders in short time because successful is not result but it's journey
so don't hope to become successful traders instantly. I think I must do a lot of practices and I must prepare good
money management to realize that.

[abdulahi]

become a successfull forex trader is not as that someone have to learning more and more develop of trading strategy that he can understand well,tested it on demo account to have confidence over the strategy

[Kimpet]

become a successfull forex trader is not as that someone have to learning more and more develop of trading strategy that he can understand well,tested it on demo account to have confidence over the strategy

successful traders are those who are able to trade and also provide full capability, which is if the trader cannot meet such power may be business as long as they are doing is completely useless and worthless.

[suresh]

I agree with your opinion that if we want to run a business then we should have a careful planning and if we have jumped on it, then we also need to be diligent to learn and develop our capacity to learn is by our senior traders.

[muhit90]

To become a good or successfull trader we should mantain some rooles .
We should must have good analisis capability.
We should always on cool mind.

[mhchomsi]

Hello Everyone, If you want to be a successful trader, its so simple if you can follow these three aspects: Find/Create a battle tested winning strategy(be it intraday,scalping, swing trade...etc whatever your choice), learn and implement risk management, control your emotions in trading - meaning be a discipline trader in following your trading rule all the time. If you can follow these 3 all the time, I am sure that you can be a very successful trader in the future. Thanks.

true you said. Thank you for your advice was excellent and exactly once. with a strategy is good, menajemen good money and risk against money management and discipline laid down will be a successful trader.

[happyrichyyy]

I don't agree with you that much, I think successful traders may also use some of the profit and just keep a portion of them, to make bigger investment in the following trades. And I guess to follow the plan here you mean to follow the strategy in all trades. The first point is totally correct, a successful would probably be a very disciplined one in each and every trade.

[sony69]

I also thinking about that For every traders to become as successful
trader then he/she must have proper knowledge of forex and must have proper money management then he/she will easily make profits and gainer.

[sairin]

For every traders to become as successful trader then he/she must have proper knowledge of forex and must have proper money management then he/she will easily make profits.

True, all traders can be successful in forex trading if you want to try in earnest for all the knowledge about forex that can be learned by everyone except that each trader has a different time in understanding the knowledge

[happyrichyyy]

Hehe this sounds true. I did forex couple of years ago, but not so successful, so I dropped it. And now I'm restarting the business, but treating it more seriously, learning the things needed, practicing in a demo account regularly, guess I'm much better now, and looking forward to getting some good big money here, hehe.

[roshan]

Basic is very important for trader if trader know about basic then trader know advance study very easily. So trader should know basic first. Practice on demo account trading is very good for trader. trader can know about basic practicing.

[thomaz123]

In my opinion, trading forex isn't easy as it looks. Even fulltime trader that depend on their source of living by forex is still sometimes get loss.
I think formula to succeed in forex is good money management, good control of emotion & obey trading rule that we've been making, so the goals in forex to get steady & consistant profit will be achieved.

[jhonky]

there are things more important than just the mental strategy in emotional learning is a determinant of the success of how we can control myself to not disrupt our trading, we need friends to share ideas

[devvi]

there are things more important than just the mental strategy in emotional learning is a determinant of the success of how we can control myself to not disrupt our trading, we need friends to share ideas

I think in addition to prioritizing the emotional and patience we also have to do enough so that learning is not disrupted our trade? and for the strategy of course is very important and useful?

[rak]

agree that consistency is the determinant of the success of trading. And the proof of consistency is the discipline and patience. We all know about the importance of planning, then consistency is a must so that planning can be implemented well.

[rofeq]

Basic is very important for trader if trader know about basic then trader know advance study very easily. So trader should know basic first. Practice on demo account trading is very good for trader. trader can know about basic practicing.

the basics in this business should know before entering the market if you already know the actual basis in science start practicing on a demo forex account to learn all that there was the first thing if you want to succeed

[wulandari]

Basic is very important for trader if trader know about basic then trader know advance study very easily. So trader should know basic first. Practice on demo account trading is very good for trader. trader can know about basic practicing.

demo just good for operational purpose, you still need real account to practice so you can get fear and greedy, also you will have good emotion controlled with real account, so start practice with real accoutn right now

[Rahul]

koi b succesful trader ban sakta iske liye chahiye ki wo kuch bato ka dhayan rakhe
1. market ka knowledge rakhen
2.market ke strategy ka dhayan rakhen
3.technical skills banaye
4.general knoledge

[hanna]

Hello guys,
Thanks a lot your valuable post.It has more information for us.We can learn more about forex.I am agree with you.And must learn everything about capital management even knows when and how to enter and leave of deals and is entered.develop money management and risk management plans 4.careful in entering lot sizes 5.Again thanks

[nahial]

A few realize that the trading method they are using is not the actual problem and the most important ingredient in their trading is actually themselves. In addition, they soon realize that a sound set of trading rules is essential to trading profitably. But if the rules are not followed, they are of no value, and an average trader will have difficulty making a profit with a good trading system.

[mostak]

When you're needing that will results during the global forex trading consequently it is very important align an individual's program together with will need to go as per him or her, well recognized related to global forex trading, that will knows about any traits for promote, purposes for data together with signs and symptoms after this you happen to be thriving worker during global forex trading.thank u all..

[shero]

I think to be a successful traders , they must have big capital , the variety of techniques , mental strength , their good thoughts and have an effective stratergy tarde.

[shazzy]

forex trading main successful honey ke liye humain forex trading ki sari knowledge and skills honi chahye. kyun ke yeh bohat important hoti hain ek trader ke liye. us ke sath sath demo account pe practice karni chahye. practice makes a man perfect. us ke bad real account pe trading karen or acha profit earn karen.

[antnetwork]

I think when you want to success in the forex trading then it is necessary to set your strategy and must run according to them, well known about forex trading, to knows about the trends of market , uses of signals and indicators then you are successful trader in forex trading.
I don't believe that anyone can become a successful trader by use any indicator. Because each and every time indicator's signals are not perfect. So manual detection should be the most perfect choice for all. Only necessary matter for all seniors are news collection and it's exact application.

[happyrichyyy]

I guess you are right. Indicators can't be correct always, therefore it's better to do all the analysis by your own, I believe in forex it's better to trust myself, other tools or indicators etc. are just there for taking a look as some reference., I guess we've just got to develop our own skill, do the trades based on our own analysis, but those indicators can surely be used as some reference.