Become a Successful Forex Trader.

[cicgojra]

In my experience confidence and brveness comes only with the increase of knowledge it at certain position you dont know what to do whether sell or buy, your confident not just help you to trade anything.

[abcdeforex]

If you want to earn big profits from forex trades it is important that you first understand how the forex markets work. However, to understand the market better, it is imperative that you understand yourself better. You have to self aware so that your capital allocation or risk tolerance levels are neither less nor in excess.

[raja123]

if you wanna become a successful trader in forex then always learn from own mistake.most important improve your trading skill by using demo account trading.also use indicator to analyse market and most important emotion control during trading because only that thing which help you in loss money.

[win]

its not easy to become a successful trader in the forex , its not matter of 1 day or 1 montrh it will take years to understand the forex market.You have to make very hard work with lot of practice

[manpower009]

Transform a fortunate bargainer you poorness to enter all rules and use regularly. you must make any noises around mart and trading. so preparation can wee you old. e'er use peak risk against your cap.

[Zaheer]

succesful forex trader banne ke liye forex trading ke bare main ziada se ziada knowledge hona chahiye or forex market ki news ke bare ma bhi janna zarori ha. ic ke alawa forex trading ma ziada se ziada experenc or practice honi chahiye.

[norix]

The Basic is very important for trader if the trader know about basic then trader know advances a study very easily. So trader should know basic firstly.The practice on the demo accounts is the trading is very good for trader. trader can know about basic practicing really !

there are many hardness and loss of trade go through all missions and Able to Achieve the goals he will be a success, must have the determination and the confidence in addition, you must be hardworking with lots of patience with no greed or emotion.

[dlokfanw]

Certainly that there is many reasons that cause to be lossing. When are trading without a commons to understanding it may cause to lossns ours fund. If we are aggresives and overs a consious to make money we abound to face losses !

[Mr.iOus]

The forex trading business can be a real painful one if you do not know how to play the market. There are a number of people who lose their money day in and out owing to inexperience or indiscipline. This means it is important to know more about the forex market and gain some experience before becoming a serious player. In order to become successful you need to be self disciplined. Otherwise the market can be very harsh on you.

[vansa]

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.

become a successful forex trader should always follow what the trade demands, other than that we need to learn every analysis and strategies to support current trade