What are the requisites to become successful in trading?

[100 to 1,000]

their are the many requesties to the become the successful traders like as the traders wait the market trend the traders trades the small size lots and earn the profits

mostly, if we want to become successful we must have the elements like knowledge, experience and skills.
but more importantly, we must try to copy other traders who are already successful in this market.
because if we copy successful trader we will become like them.

[zeshan]

their are the many requesties to the become the successful traders like as the traders wait the market trend the traders trades the small size lots and earn the profits

[xomes]

Patience and discipline are good qualities that a trader needs to succeed in the forex business. With patience we can be able to spend time learning how the market works instead of being bothered to earn money quickly from the internet and with discipline we would draw out a trading plan and follow money management rule to expose our account to minimum risk.

Greed is one of the main factor which result in losses in forex trading.Greed origin in lacking of forex knowledge, I think it is possible for us to control our greed if we have rich knowledge and experience in forex. As you mentioned that all of us are likely to be tempted by greed because we are human beings. But I believe that we have ability to minimize our loss by controlling our greed, that is forex knowledge.

[google]

In this world there are many forex traders.But all trader are not successful in forex trading.The requisites to become a successful trader are as follows:

1.At first things good trader set goal.
2.Control greed
3.Understand money management
4.Trading by maintaining disciplined.

[antosco]

First of all you need patience. Patience to wait while you learn what you need to know to make money in this business.

Then you need discipline in implementing your strategy day in day out.

Then you need both patience and discipline in accumulating profit into equity until it is big enough to give you a satisfaying earning.

Patience and discipline are good qualities that a trader needs to succeed in the forex business. With patience we can be able to spend time learning how the market works instead of being bothered to earn money quickly from the internet and with discipline we would draw out a trading plan and follow money management rule to expose our account to minimum risk.

[digger_jim]

First of all you need patience. Patience to wait while you learn what you need to know to make money in this business.

Then you need discipline in implementing your strategy day in day out.

Then you need both patience and discipline in accumulating profit into equity until it is big enough to give you a satisfaying earning.

[Masud0172]

To be a Forex broker because always Forex authority demand for some deposit in their account to start as a broker.Also we cannot trade after became a broker.we should have knowledge of Forex market and its entire process to be a Forex broker. Also we must think about planning and set up of whole broker network as a broker.

[aamu]

yes little use of indicators can also help but overall you must have your own method or your own plan that you will know how to work with and this is where you have to create your own trading plan and I just have my own plan and definitely it will require some to get it perfected.

[hello927]

Commitment is the thing that is essential to become good trader. It requires a lot of skills to trade in forex and it can only be achieved through commitment. Confidence is another important factor. If one is not confident he can not trade freely and will not be able to take profit from forex.Likewise emotions also play an importanet role for becoming successful trader in forex. One is to control emotions and apply that emotions in positive way.

[pepoo]

Success in the forex market is not easy and needs to learn the good and gain great experience and always strive to develop our ideas and our knowledge and the strategy or the way in which we use in trading with fatigue, but will reap a lot of money.