Become a Successful Forex Trader.

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. I strongly agree, especially on items that mention of consistency. consistency and discipline is a big capital to trading success.

i have no confusion about it we can can not earn much money from forex market without enough trading skills and knowledge .firstly many new trader think that forex is a easy way to make money .if we want to be success ed in the forex market we need discipline,follow good trading strategy and maintain proper money management rules .

yes, i know this will surely go a very long way in the forum to the newbies and in can i need more information i shall get back to you but for now i just have to visit the demo trading to see the very best way this can go in my direction.

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, stick to your system that you know very well.

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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, stick to your system that you know very well.

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Originally Posted by Nazmul

Every one want to become a successful forex trader but it is not possible quickly. If you have enough experience and knowledge about forex and you have enough capital and you can analysis forex market then you become a successful forex trader.

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This may be for a trader who has been successful, is there anything thing for traders who are beginners and to success? because many who need it, if for a successful trader must have a lot to understand the carry traders become more successful

i think there are three strategy to become a good trader in forex trading.they are never being greed, always be concentrated and keep emotions under control while trading.

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Originally Posted by pphashif

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:

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to become a successful trader in this field, i think traders need to learn for getting knowledge and experience in trading first. Then they must give for demo trading about 4 months to practice skills and practice for things they learn. finally, they can trade in real account and make money.

good, we're all here because we certainly have difficulty just learning about forex but do we have to stop here, we will never know what is behind all the hard work and our present difficulties, there may be exceptional gift that makes our success in forex, we all do not know

I think to be a successful trader key only on MM and consequently also present in a trader, so if we want to become a successful trader then from now learned to accept and also patience in the face of the market, so it will be achieved all our wishes in this forex market

When you want to success in the forex trading then it is necessary to set your strategy and must run according to them, Similarly a strategy in forex trading is like a weapon for a trader to enter the market and win his trades.