What are the requisites to become successful in trading?

[mayengbam]

i think the best reuisites will be the quality to learn and grasp from this business, coz most of the time i havew seen ppl who get scarce info and start off thinking they know it all, for me the best way sare to get all around the thing so tht you may be able to get the best for everytime you step in

yeah i agree, to have a quality information and knowledge will quicken the process of gaining good experience. so a good source of information is vital for all

[sagar]

To become successful in trading foreign currencies you learning and permanent work every day and follow the news and the price of currencies and the news is affecting and influencing the market and read magazines and books, specializing in Forex

[Victoryindia]

i think the best reuisites will be the quality to learn and grasp from this business, coz most of the time i havew seen ppl who get scarce info and start off thinking they know it all, for me the best way sare to get all around the thing so tht you may be able to get the best for everytime you step in

ha bhai hume kabhi ye nahi khena chahiye ki hume sab kuch aata hai , ye ek asia business hai aapne kitna bhi sikh jayoeaga par pura nahi hoga, har din kuch naya sikane milta hai

[mayengbam]

a good knowledge of the market and the ability to analyze it well is the prime requisite to be succesfull in this field. and this quality cant be acquired easily, one needs years of experience to be able to analyse the market more accurately

[Ganesh]

i think the best reuisites will be the quality to learn and grasp from this business, coz most of the time i havew seen ppl who get scarce info and start off thinking they know it all, for me the best way sare to get all around the thing so tht you may be able to get the best for everytime you step in

[mayengbam]

i think all business need hard work and successful strategy..here also consider it..all forex trader shud have enough knowledge.

And having the best knowledge is not enough to succeed, there are are lots of people who have very good and innovative ideas even then they are not successful. Why? they lack the guts to work out or getting involve in the process actively and they quit on the first hurdle. So its very essential to possess the quality of having patience and never to quit until the desire result is achieved.

[SG Trader]

money management is very important in forex trading
It means you hsould properly have a plan that how much you have to invest in trading from your savings and in trading, which lot and how many lots should you trade at a time..
Forex trading is all abouit money management and time managemnt

i agree with you friend, money management and time management is the key our success if we are do well.
many trader only can do money management but , they not manage their time well. we should manage our time in trade, do not see on your chart fully in a day

[anubhavsingh]

While learning from our mistakes and trying not to repeat it, one must also understand that we live in a very dynamic world which throws up many surprises. Use very simple methods that does not need to be changed every now and then. such simple strategies or methods work in almost all kinds of situations yielding good results.

apni mistakes se seekhna bahut hi zaruri hota hai
jo trader apne losses ko thik se analyse karta hai wo aage chal ke bahut hi sucessful trader banta hai
har trader ko apne loss aur a[ni galat deal ko thik se study akrte hue aage trading karni chahiye

[Victoryindia]

stop loss karna used karo aur money management acha se karo aur zyada lalach na karo aur intezaar karno sikho, kyunki patient is the most important thing in forex market to get succeed

[preetksgill]

if we wait then we have many opportunities to learn.
due to the nature of the patient, our account will last a long time. and we will have more opportunities to gain experience.