Become a Successful Forex Trader.

become a successful forex trader is very dependent on the effort of the person, if he meant it is not impossible to achieve, and importantly we must not desperate when we often loss. do not give up and keep practicing.

to become a successful forex trader you need to look at the things described below:

1) Controlling Greed
A major part of the problems of forex traders is how to suppress this dangerous emotion. Many forex losses are as a result of greed, which manifests in various ways.
- Trying to manufacture trading conditions that do not exist.
- Gambling on trades.
- Trying to push profit targets beyond psychological and technical points of support and resistance.
- Not knowing when to cut off obvious losing trades.
Believe it or not, any trader who does the opposite of what has been listed above will save a lot of pips.
2) Avoiding Overtrading
Overtrading occurs when the trader tries to take too many trades in one day, or opens too many positions than he can control. A common occurrence of this phenomenon usually takes place soon after a losing trade in an attempt to recoup what has been lost. Traders who engage in this practice forget that there will always be better opportunities to recoup those losses on other trading days. Overtrading is bad and avoiding it will prevent many losing occasions.
3) Trading with Low Risk and Appropriate Leverage
It is generally agreed that the only way not to have your account battered by a potentially devastating loss is to use very low risk which should not exceed 3 - 5% of account size, and using a leverage of not more than 1:100. It is easier for an account to recover from a 5% loss than from a 20% or a 30% loss (which is the result of using too much capital exposure in an effort to maximize gains). It is very common to see many retail traders using up to 30% of their account size in a single trade in the hope of making a big hit. This is wrong and invariably leads to margin calls. Prevent this by using low risk and appropriate leverage.
4) Trading with High Speed Internet Connection
I am sure many reading this will ask why this should be a point of note. The speed of your internet connection will determine if your chart and currency quote data will come in real time, or experience a delay. In forex trading, timing is everything and a delay in the data can make the difference between a winning trade and a losing one.
5) Trading Only at Specific Times
Many traders erroneously think that 24-hour nature of the forex market is an all-day trading ticket. This is not the case. The market is only active at specific times (usually when there is an overlap between two trading zones), and those times represent the best opportunity to make money in the market. Trading should only be done at those times.
6) Use Regulated Forex Brokers
Make sure you use brokers whose activities come under strict supervision by the relevant regulatory bodies. This will ensure that your money is protected and all complaints regarding trades will be handled transparently. There are many scam brokers out there; protect yourself.
7) Closing all Open Trades Prior to a High Impact News Release
The news moves the market. There is no way of telling beforehand exactly how a particular news release will affect the market. I have personally seen good trades with unrealized profits reversed in an instant by a news release. One good example is the recent minimum currency peg of the Swiss National Bank that basically reversed all long trades on the CHF (which traders have always bought as a safe haven currency). The EURCHF reversed by 1000 pips in 15 minutes (a very big move in forex). Always play safe by making sure you are not in the market when a high-impact news item is about to hit the newswires.
Other safe fx trading habits are:
8) Consulting forex websites for market insight.
9) Consulting the forex economic calendar to note times of news trades.
10) Joining forex trading online forums to gain knowledge about various aspects of forex trading.

become a successful forex trader is the dream of all of us, but being a successful trader is not easy, we need a lot of experience to be able to cope with any market conditions, market conditions different needs of different trading strategies

dear aap nay forex kay baray me aur es me expert ban nay kay baray me bohat acha article likha hay aur es me kamyabi kay liye jo batain bati hain wo bohat hi keemti hain aur es per amal kar kay ham kamyab ho saktay hain

forex me ashe trader ban ne ke lie hmare pass asha experiance and knowledge ka hona bhut jaruri he bina ashi knowledge and experiance ke is buisness me ashi trade nahi kar sakte hein bhai me to hmesha ashi trade karna passand karta hun

Trading is onething that you should know and that is trading should not be done inf the shortest time there is one thing that you should know that it take very lo ng time for you to have the best training it takes time

thanks for ur useful post dear forex trading ma aik successful trader bany k liye humhen buhaat sy marahil sy guzarna parta hai yanhan humhen bohat kuch sikny ko milta hai or bohat kuch kony ko magar kuch kony sy hi kuch pya ja sakta hai.

too many traders who fail, but they really want to succeed in this business. all failures are mostly due to an error by the traders themselves. they forget, he said good strategy for their use, must be accompanied with discipline and calm emotions. should not be just for believing in a strategy, think the risk is not there. it is a great one

mane knowledge in forex treading . mane read and right for forex treading and senior leader . if you any problem he help you just time . then you become a successful forex trader .

very good post dear ap ki post se bohat kuch sekhne ko mila forex aik risky bussiness hy is bussiness ko jitna sekho kaam hy is lie indian forex forum aik acha teacher hy is ki madad se hmen puri dunya se logon se madad mil jati hy this is very smart bussiness