Become a Successful Forex Trader.

in Forex if you want to become a good and successful trader then you have set strategy.you will also set targets,and full fill all requirement of sets targets.use all skill at right time no loss of any chance from you hand.

i think to be profesional trader we have to learn about forex first and after that we have to make good
money management adn good strategy for our trading ...we have to dicipline with our rule...

Quote:

---

Originally Posted by fandi

i think to be profesional trader we have to learn about forex first and after that we have to make good
money management adn good strategy for our trading ...we have to dicipline with our rule...

---

Your idea is almost good. Because there are too much rules and procedures which we need to follow. But you brought some common one. Because money management or capital management is good enough but we also need to mention the risk management also. Because better quality of risk management can protect our capital from the emotion greed.

Discipline is the most important thing while getting success in the forex market. If you get bored watching at the charts all the time you can use different indicator sound alerts, This will help you while trading. Most of all, make your rules and never break them.

Successful forex trader always try to trade for the long time he do not close the trade very early so he always try to get the benefit of the trade. Most of the time traders close their trade too early and lose the profit that they can gain from that trade.

Quote:

---

Originally Posted by fxmoney

Successful forex trader always try to trade for the long time he do not close the trade very early so he always try to get the benefit of the trade. Most of the time traders close their trade too early and lose the profit that they can gain from that trade.

---

Long time trading is very good for all. Because it's very time consuming job and we need to be very patience. We need to follow monitor and charts for a long time and make some best value for the future time. After match our assumption we can able to gain some profit.

Successful forex trader long term trade karty hen or sab sy bari bat yeh un k pass knowledge .experience . and capital boaht he jiyada hota hy or main to yeh kaho ga k yeh bohat he smar way hy agar ap k pass skills hon to ap aik successful trader ban sakty hen

Quote:

---

Originally Posted by ravie03

Trading and buisness needs a more experienced person who possesses a sound mind, who adapts to the market trend, who know the uses of signals and indicators another important thing is that he should be a disciplined and patient person who sticks to some plan

---

you need to be patient, and patience should be a part of your character. and to be a good forex trader must Self-confidence and lack of fear of the market Management of capital good Use a good strategy and technical analysis

thanks a lot bro. i have read it and truly speaking, i could relate it with myself. the first 3 months of forex trading has gone really frustrating for me, so no doubt i am in a losing streak now. but i am learning the biggest trick, risk management.

I agree with your article completely and the pints you have mentioned, however i would like to add few points that to become a successful trader you should also have patience and a lot of hard work is needed and definitely in few years you will become a good trader if you do with hard work.