What are the requisites to become successful in trading?

[arihant]

successful trade banane k liye sabse badi jaruart hai forex analysis tik tarike se krna. proper stop loss or take profit set krna har ek trade main.
apne money management k ander hi trade kre or news par dyan dete huye trading kare.
apni galtiyo se kuch na kuch jarur sikhte rahna chahiye.

[nilesh]

zahiri baat hay kisi bhi kaam ko kernay kay liay sirf theory ki to zarorat nae hoti, hamay practical bhi kerna perta hay, sirf ye asaani hoti hay kay agar hamari theory achi ho jaey to phir practical mazeed asaani say kia jaa saktay ga. iss liay theory bhi zarori hay or practical bhi.

[gala]

Simply a great post. I really loved all the points. Indeed if any trader new or expert follow all these steps then his losses will become very less. But the real fact is that all these valuable points are over-looked by most of the traders and that is the cause of their failure.

[fxtenam]

Behind success in any kinds of business there is no alternative except proper planing and hard working. FXtrading is not different from this strategy. so there is no doubt say that having a perfect preparation before trading with lots of concentration and determination will bring the success.

[FxBd]

i want to succes in this bussines too, but i know to be a succesfull trader is need long time and hard work. because it still now i keep my learning.

If you want to be a successful trader you will have to work hard but you must have to carry strategy and you will have to be patience at the same time. You must have some extra ordinary qualities and you have to accurate knowledge about the products and market position. The management rules and the trading rules are also very much important in this case.

[ishvara]

Filtering the information required by us and testing the things before using them in real account is really a basic need for a forex trader. For me the main requisite for a successful trader is the interest he takes in learning the forex and the time he spend in learning.

I agree that filtering informations that we have about forex exchange trading. This is to duly avoid making many mistakes in our real account.
We need to truly develop a good interest in forex so as to achieve the dream of success.

[sohelforex]

Nice post first of all. To be successful, trader needs to be patient, not greedy, enough knowledge keeper about both current news and the currency he is trading. So, concentration is the fact that is mostly requisite here
Thanks

[dmambi]

To become successful in trading we must be open minded to learn the new things in the market, and have the passion to adopt them in the trading. Only the one who has enough patience to withstand the market pressure will become successful.

[shinde]

The one who thinks that he has learned enough will find himself in trouble soon. If you just start ignoring the latests events happening in different countries, how would you make positive trades consistently.

[arihant]

i think a successful trader is combination of 3 things, technique(whether chartist os fundamentalist), mentally strong (pyschological factor over here) and experience, with those 3 combination you will be a complete trader and you can play with the market