Become a Successful Forex Trader.

[newentry]

to become a successful trader you should follow these points 1.first do analysis in your favorite currency pairs 2.develop strategic plans 3.develop money management and risk management plans 4.careful in entering lot sizes 5.don't wait long time for getting huge profit 6.use take profit and stop loss for each orders.

absolutely right, yes we need to make analysis with right then we have to know the market condition with clear, and also we have to trade with good discipline and here is the key to get a better result..
and as you said " careful and do not wait for longer time to getting hugh profit and because we do not know what will happen in the future and before the trend begin against our order

[Lia]

Patience is one thing that can lead us to preserve our account in much longer time. Patience if a trader can successfully install it in his system will give him more profits because he will be careful to enter the market all the time.

absolutely right, the key to successful patient traddalah nature of each person so well in forex trading is when you can not afford to be patient then that's your closer to lose,

[5starsabuj]

As Forex is an international trading business so it is also very demand able business in this time.
To trade in the Forex market every man can be turn in successfully trader.
If a person is efficient and he have to proper idea about Forex market.
If he is expect to earn from this media he can be trade .
If a person get proper idea From this he can be turn a success full person.

[place]

if you want to become a successful trader then you have to be patient.because patient is the key and without this key you can not open the success door in upcoming future.just focus your trading and go ahead.

[happyrichyyy]

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.

This sounds encouraging. I was doing forex couple of years ago, with local bank, without any leverage, it didn't go so well though. I stopped trading and left some euro in the account, and months later I was in need of euro so I withdrew the money, at that time euro was bit high, so it turned out that the amount I withdrew in my own currency was just almost same as the amount I used for starting the forex trade, hehe. Now I'm again interested in forex, looking forward to making some profit out of it, but as you said, small amount in the beginning is much better.

[faria]

many people needs a hit on this company because many of us notice cash is usually quickly running in addition to moving in-front of our own sight nevertheless it isn't essential that we might be successful consequently growing the examination on the current market raises the price regarding accomplishment.

[golpo20]

Each and every speculator would like to be successful Trader and i'm in addition would like to be successful speculator on the globe nevertheless it is hard. I believe is i could make wide range of expertise, adequate know-how about Forex, make use of excellent technique, manage sensations, manage greed on trading then you possibly can be successful Trader.

[aamu]

The most important thing to be a successful trader is to be disciplined and able to manage our funds to good use. It could be our capital to be successful in trading. and we also have to understand the fundamental trade.

[purohit]

Demo account p practice to boaht he jarori hy is sy apko market ke movement k bary me pta chalta hy is sy kafi market ke fluctuation k bary me idea ho jata hy jo ahi trading k jarori hota hy

[abdillahikbal]

if you can maintain some rolls i think you can to be a successful trader .such as if you avoid your all bad trading or habit .and trading with experience or learning and make good money management

who becomes the next question is how can we manage our financial trading with a very wise sir, sir if have data on the precise arrangement mm I think it may be shared here as much as I need it, hehe