What are the requisites to become successful in trading?

[3mala]

the main objective of demo is to learning...so first requisite to become success full is to practice more with demo than we can able to do goood earning

[jahangir2812]

I believe that to become a winning trader to want investigation power economical, intelligence, smart planning, dream and exhausting operating. Initial required understanding what are forex and forex information and the way it deal the task correctly.

[jahangir2812]

So i think to possess essential information regarding forex before begin forex trading can prevent from several wounded. If you may go into in forex while not have information then you may get information from your mistake however this fashion are luxurious for everybody as a result of once behind abundant cash then we are able to find it.

[digger_jim]

The foremost is self-control. Without it you won't execute your strategy correctly, you would blame anything and anyone for your mistakes, and you won't do what you need to do when you have to do it. Then you need a good profitable strategy because without it than your self-control won't result in money. You also have to have a good money management so that one mistake won't wipe your account clean.

[jab we met]

Right dude, never wait for luck its not certain. Hard work is the key and remember Fortune also favours the brave only. do hardwork in learning and trading thats the only solution to get our goals

i am agree with you we do not concetrate on our luck we just need to follow some rules before open any deal the rules are given below
1) read forecast
2)read indicators signals
3)read analytical reviews
4)manage your capital
and i hope if you adopt these things you never loss your money

[jakir0079]

I think the causes is -

• Lack of knowledge
• Lack of confident
• Lack of belief
• Over confident
• Over trading
• Greedy
• Emotional
• Get fear
• Demotivation

Friend your idea absolutely right and i like your idea because i also believe that without knowledge, good strategy, control emotions, control greed,with patience no trader can success in Forex trade. I think if you want to success then you must be use good strategy, experience, control greed, control emotions on trading other wise you loss your all invest.

[goldenfx]

The basic requisite of forex trading is so wide. It's a list of all the aspects of our life. What ever things one person needs to lead his life smoothly then a trader requires all those things for his trading to make his trading smooth. In simple word one can say forex requires knowledge and practice of it.

[SWAPNA]

I think the causes is -

• Lack of knowledge
• Lack of confident
• Lack of belief
• Over confident
• Over trading
• Greedy
• Emotional
• Get fear
• Demotivation

[abdo]

Identification of single stocks and matched by the identification ofagreements that are making money. This is analyzed based on time of day (day trading). Also, look for substantial losses trading deals with currency and deals regularly repeated that is not successful.

[Shahriar]

i think the prerequisites are that one needs to have time and eagerness to learn Forex trading. if one just goes to trade feeling that if others can make money then why i can not then it will be a failure for sure. basically before trading one needs to have time to analyze things and study on it.