Please share how to be successful in forex-trading

[riddick09]

Meaning that you don't let emotions like greed to be in our trading. Though, I'm curious if the huge earners in Forex trading or even the successful are using greed to have huge profits but able to control their risks. Wondering if that is possible to do.

 

[Daisy]

I think its all about experience and knowledge and know how you can get profit and prevent losses. So if you can keep all of those points in check then you're good. Its better to earn modestly day by day then to rush yourself and become like a gambler and then lose all at once. You will also need to learn how to control yourself and learn how to control your losses and know how to take a good profit. You will also need to know good fundamentals and technical analysis and read charts well.

 

[gkintl]

There are so many success stories in the net as far as forex trading is concerned. However, none of them can be simulated by others. Each and every one should carve a way for themselves to succeed in the market. The habit of following someone will never make us a leader. We can take good money and risk management techniques from them. However, trading strategy should be developed by a trader for himself. Only then it can be fine tuned or applied without any sort of confusion.

 

[tray]

To be succeesful in forex trading I guess that a trader must be ready to accept some fact and fiction which do contribute to his failure and be ready to work towards it just to be on the safer side of the market.
Forum posting do bring idea exchange between the professional trader

 

[Daisy]

Hard work pays off. If you learn hard, practice hard and maintain control over yourself you will do well. What is the difference between a knowledgeable trader who is over confident and then risk like one hundred k and then lose it all versus someone who just invest small but make daily profit? Its better to be patience, earn steady profit over time. Slowly but surely and then mange all loss and risks daily in all trades. Don't be way too hasty or greedy and you will be ok.

 

[tray]

Yes that is very true its hardwork that really pays here because from the look of things I can testify that forex can be made as a good source of profit only if the trader just accept to learn very well

 

[Daisy]

To be successful you must know fundamental and technical well enough. You must also have a lot of experiences in opening trades and see how to gain and lose in forex. You must know a lot about the news market as well. You must understand market psychology and demand. You must now which pairs to trade and at what market. You basically have to know and the more you know the more you earn in forex. Of course, while you're at it you will need to use sl and loss management to reduce losses.

 

[willy]

it is very simple steps to write but i think very difficult to do it first thing you must learn the basics of forex very well and second thing you must open demo account to apply what you did learn with it and then test your strategy which you will trade with real account and then you can start trading with real account depending on your trusted strategy

 

[gkintl]

Flexibility matters most in forex trading. A trader should be ever ready to open or close position when an opportunity or trend reversal is seen. This quality differentiates a professional and an amateur. While it is a must to weigh the pros and cons before entering a trade, too much delay will render an opportunity go unused. Each and every scenario should be dealt in a different way and only experience can teach a trader to do so. It can never be taught.

 

[Decub]

Success lies in the trader himself. There are a lot of ways he can build himself and develop his career. These days you can easily find sites that teach traders the techniques to make a better trader but then, I think the most important place is always the Demo account.

 

[kasual]

Working hard in learning required if traders want to achieve successful level. No one able to become profitable trader overnight. All traders require to pass learning period in order to make themselves knowledgeable and skilled. If traders have no knowledge to analyze the market, surely they’ll make many bad trades than able to generate profits.

 

[Pettyeve]

Many ways you can get success in here in the forex trading. When the trader is able to work hard so that he or she can be able to learn trading very well, then he or she can get success. It will not be easy for the trader to get success because forex is hard, but when he or she is hard working, be able to develop his or her own trading system, success will come.

 

[kasual]

In order to become successful, hard work necessary. However, it doesn’t mean that traders spend all day and night to learn in order to achieve progress. No, progress won’t come on that way. Problems occur not at the same period. It occur gradually as long as traders keep continue practice. Working hard here is traders persistent to seach the answer of a specific problem. Because sometimes, it trully difficult to solve.

 

[tray]

Yes that is true without hard work I dont think that the trader can archive anything good from here before you are able to derived something good put hardwork on your table and be willing to learn the hardway too then you will gain alot of profit

 

[Traderpulse]

Every traders wants to be successful in trading but for this it is necessary that trader should learn the basics of Forex trading properly and improve their trading knowledge and experience.

 

[Dmitriy Ushakov]

I think there is no universal recipe for success. One needs more knowledge, another one patience, some other - learn to make quick decisions, etc. It is important to define exactly what you need personally, and develop in this direction

 

[sininfinity]

Please discover the success formula by yourself. Don't just ask someone else to do it for you because no one can. If you need help along the way then ask others and again develop by yourself.

 

[sininfinity]

Broker promotions won't make one successful. To be successful a trader needs to make consistent profit. Bonus is just an attraction so don't get too attached to it.

 

[TradeWiseFX]

Knowledge is the way through success and it is the ultimate way.

 

[gabanda]

Knowledge is the way through success and it is the ultimate way.

Yes, in this forex trading for success in our forex trading requires good knowledge to have improved knowledge will help us to improve trading results, then from that we can continue to try to improve the knowledge of good to join in forex forum