Become a Successful Forex Trader.

[biplob]

If you want to be successfull trader then you should follow some important steps.First you should know th all kinds of rules.You should contact a sucessfull trader for help.aaayou should follow the chart maximum time.And never wait for a big profit .Then you would be a sucessfull trader.

[Rahul]

kabhi kabhi jaruurat se jayada confidence bhi bekar ho jata ha ..isiliye confidence ka hona jaruri ha na ki over confidence ka. lagatar market strategy ka bhi study karni chahiye aur magazine padne se bhi fayeda hoga

[TrojanFX]

Successful traders have a high concentration in making the analysis, I am trading 5 hours per day. strategies that can produce consistent profit targets are those that have a small profit, I believe if the trader has a large profit targets, it will be difficult to achieve the target

must use a good strategy, money management, risk management, mixing system, discipline in the trade and the important thing is good psychology,

[happyrichyyy]

Simply knowing how to trade Forex and about the major
currencies traded, like the US dollar, the Japanese Yen,
and others are just the basics. Knowing when to trade and
what to trade is equally essential to be successful in
Forex.

Sorry do you mean USD and JPY are the main currencies for trading? Hmm I thought it was Euro and US dollar, seems all are recommending EUR/USD for beginners. So I guess EUR/USD is the easiest pair to work with, but USD/JPY is the most profitable pair if handled properly, am I right? But it might not be so easy to trade USD/JPY, I better stuck with EUR/USD first.

[ashar]

Successful traders have a high concentration in making the analysis, I am trading 5 hours per day. strategies that can produce consistent profit targets are those that have a small profit, I believe if the trader has a large profit targets, it will be difficult to achieve the target

[sripanut]

We need some preparation to become successful traders. We have to learn about the basic forex, money management, discipline. We can also share our experience in forum forex so that we can get advice from senior traders.

[nurhidayah]

Forex trader successful because it is based on the philosophy that he gained his experience with the time and make it seem edgy existence of centers in the market

market conditions are sometimes not so interesting to be able to run a few steps that sometimes make us personally still hesitant to run this trading would allow us to be able to do some steps and rules that had to be adapted to several provisions of the trading process are clear so that we can direct our thinking to be successful in foreign exchange

[khaled6969]

Forex trader successful because it is based on the philosophy that he gained his experience with the time and make it seem edgy existence of centers in the market

[Nabi Ahmed Gill]

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.

bahi ap na boht he acahi or best post ke ha muja ap ke ya post kafi achi or best lagi ha or es sa mara knwoeldeg main kafi azafa ho ga esi waja sa to amin ya fourm used kar hra hon agr ap na trading ka bara main knowledge earned karna ha to ap es forum par kam karna .

[Rizwan]

Everyone has the potential to learn to trade Forex quickly, learning a method that can make money easily and if you adopt a disciplined attitude, your ready to enjoy a three-digit income in about 30 minutes per day.

Goood Luck and Have a Nice Day

if we are going to turn the topic into how to have a successful trading life, then i could say that you will need to under go some task. And i must remind every new trader that those tasks are not as easy as cake. First step is to study forex, a person must familiarize himself to then terms used in forex and other related topic. If he manage to do that perfectly then he can apply his acquired knowledge on demo accounts