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Well, I guess it requires not only knowledge, skills, information, but also luck and sight?
It's like you predict something will happen in a certain period and you are doing your trade according to what will happen.
And if your prediction is right then you will benefit, otherwise go in the opposite direction that is not profitable.
And sometimes even if you make perfect predictions according to trends, there can still be something uncertain like a tsunami in Japan,
so especially in this case luck is important.
becarfullhttps://indian-forex.com/images/smilies/rofl.gif
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yes for me I absolutely do believe that become a successful trader you have to learn most. Without learning you can not know about forex. To be succeed in trading we have to be skillful. Practice and study can develop your trading skill. So experience gathering is most important thing in forex to be successful.
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I think forex is a lasting business.
So it's very difficult to tell you how you can be an effective trader.
I think it will consider an extended time to mention where he may be an effective trader.
However I am sure an effective trader is a trader who tends to make money in forex trading in an extended time.
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Some beginners traders risk 15 or 20% of the capital on a transaction. The master rule of money management is simple. You should never risk more than 1 or 2% of your account on a transaction.Many traders always take positions of a fixed amount. It's a big mistake. You must commit a sum of money in trading depending on the market and your capital, not according to your desires.
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ek successful trader ban ne k liye hume phle forex trading meh successful hone k rules dekne pdngey jese ki daily demo trade karna or trading journal banana or sath meh hume risk and money management ko bhi dhyan meh rkhna pdega.
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successfull trader bannay ka zaroori ha ka hamay sab qisam ka trading usool ko follow kia jae kio ka agar ham rules follow nhi karay gy tu hamay loss hi hona ha and phir profit hamara khuwab hi reh jana ha is liye dil se kam kro
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dosto agar ap aik achy aur good professional trader banna chahty hain tu ap ko learning aur experince per zyada focus krna hoga learning and knowlege ki maddad se ham aik good trader ban sakty hain aur successful ho sakty hain
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bhia agar succesfull trader banna hn to bass 2 cheezo ka kayal rakho 1 sl la lazmi use krna chahe big sl hn ya small hn but sl lazmi use krna aur market hit krey to sl incrrease na kra balqey trade fever melaga dena aur 2nd money managemtn :)
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Successful trader hum aik dam nae ban jate hian hmain bohat mehnat ki zarurt hoti hai Forex main complete learning or us ke bad proper practice hi humain successful bnati hai forex main or tab hi hum successful ho skte hian.
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my friend in forex trading, I obviously think money flowing in front of our eyes but it's dangerous to collect without proper learning . If any one learn low about Forex then he/she think money earning is very easy . If any trader learn medium then he/she think earning is hard and if any trader learn properly then he/she think gain success is too easy .