Step To Become a Good Forex Trader

First You Need To Choose Your Broker..

A- Regulatory requirement

B- Currency pairs offered by broker and its spread in which currency pair you like to trade most

C- How fast customer service is

D- Supported deposit and withdrawn method for your country


After Choosing Broker Your Real Work Starts From Here


A- Choose one currency pair and do practice of all strategies in demo account till you get master in that currency pair with a good specific profitable strategy for your real trading


B- In starting do trading in only one pair in which you have lots of practice, no need to take more than 2,3 trades at same pair..


D- Always wait for entry according to your strategy never trade with hope and pray.. strictly follow to your strategy for taking trade if you have lost one chance then not get to worried because there is another chance for you soon


C- Volume must be according your money management 2% risk is enough for your trade but you can take trade of 5% risk but with tight stop loss


D- Your trade must be with trend never go against the trend, trend is the real money maker, choose higher time frame for trading, after taking take you must need to analysis of next support and resistance level to put your stop loss..


E- Focus for your profitable trade for long term and accept love to small losses


F- After weekend you need to analysis next week red alert news that can effect your trade


G- At news time never trade without stop losses and i think positive sl is good for our trade.. if news goes with your side then wait for a good entry and take little trade again side of trend


H- Make habbit of looking all pairs but trade only in one in which you are master


I- Whenever market reacts too much of any news in other pair then you can take trade on that pair to make some easy pips of correction.


J- In my personal opinion i suggest we need to stay away from governer speech and fomc meeting because no one can predict where will market go after this kind of news


I- No one can get 100% successive trade there must be some loss trades but never neglect that trades you need to point out the reason of losses and remember never to repeat this mistake


Important When And How Much To Withdrawn

A- time makes us perfect in market everyone knows that, so why we withdrawn all money we need stay here as long as time goes our trade and profit goes stronger, we need some money to make this business for lifetime earning


B- In my opinion we not to withdrawn money more than 65% of our profit..


C- Divide your 65% withdrawn money in two parts one part of 50% which money you will get in your hand for your daily requirement and rest 15% is saving for future investment whenever you need to invest more money in market


D- You can not make million in one day so never think about greed and emotions, pray, hope can not turn your trade into profit so trade with talent.


Your Opinion Are Highly Appropriate

Dear mere khayal ic me zada important baat to sirf broker ki ha kh kisi broker ko join karne se phele os ko best quailties ko janchna chahie jis se hi brokers k deposit aur withdraw k best method hone chahie lekin successful and good trader banane k liye forex ko proper learning aur full practice zaroori ha tab hi ap koi b brokers me apna maqam bana sakte hian.

agar ap trading karta to ap ko sub say phala apani trade ko stop loss or take profit ko lazami rakhani chia kyou ka ap asia nahi kara ga to ap ko nuskan ho sakta ha nuskan say bachana ka lia ap ko stop loos lazami lagani ho ge

I think if a newbie follow your suggestion then he can learn some basic things about Forex trading business . Because becoming a good Forex trader a newbie should work very hard and he needs to practice more and more for making a good trading strategy .

hi gays agar ap trading karta to ap ko sub say phala apani trade ko stop loss or take profit ko lazami rakhani chia kyou ka ap asia nahi kara ga to ap ko nuskan ho sakta ha nuskan say bachana ka lia ap ko stop loos lazami lagani ho ge thanks.

ek good forex trader banne ke liye sabse phle to regularity ki bahut zada zaruri hai. agar trader forex ke sath regular hai aur oske sath apni knowledge ko gain karne ke liye demo account mai trading aur dusri sites se knowledge collect karta hai forex trading ki aur sabse main baat ye ki wo apna experience ko use karna aana chahia. tabhi trader ek good trader ban sakta hai.

The very first step is learning first of all complete your learning after it make a good practice on demo account after giving 6 months to demo account move to real account and start with small capital and do trade by controlling your emotions,

The broker choice is very important step because if we choose a fraud broker, we might face problems while withdrawing and we may also have to lose all of our profits and the money invested in the Forex trading. Becoming successful is not an easy thing.

Quote:

---

Originally Posted by ilyes33

hi gays agar ap trading karta to ap ko sub say phala apani trade ko stop loss or take profit ko lazami rakhani chia kyou ka ap asia nahi kara ga to ap ko nuskan ho sakta ha nuskan say bachana ka lia ap ko stop loos lazami lagani ho ge thanks.

---

main stop losses ka use to jaroori samjhta hu but take profit ka use bht kam karta hu kynki main sochta hu aapi trade agar trend ke sath hai to jaldi close krne se aapka profit cut hoga, as long as weekly closing par aap trade close krne ki soche.

Ek good trader hone ke lie ek good trading plan ka hona jaruri hai jo ki aapne yahan par bahut achchi tarah se samjhaya hai, magar good trader banane ke lie sird ess thread ko read karna hi kaphi nahi hai, balki esko follow karna bhi hoga, ye bahut hi achchi post kia hai aapne.