Please share how to be successful in forex-trading

[lioneld]

success always complicated issue at any sector even Forex trading but it can be achievable of course by means of real patience, otherwise there is no real chance.

To be honest; making consistent profit in Forex is such a challenging job! Only pro traers can do so; since they are working with high trading skill.

 

[Chionao]

I can not identify any single formula for being successful in forex trading, since its a process. Each pillar that you learnt about in Bay Pips school of Pipsiology (If you haven't, please do), is very important. Patience, determination, discipline, strategy formulation, following your trading plan and managing your risks properly, all count towards your success as a trader

 

[Lee Mark]

I can not identify any single formula for being successful in forex trading, since its a process. Each pillar that you learnt about in Bay Pips school of Pipsiology (If you haven't, please do), is very important. Patience, determination, discipline, strategy formulation, following your trading plan and managing your risks properly, all count towards your success as a trader

Then my advice is: build a chart reading skill; it’ll help you a lot! By the way, chart reading skill doesn’t mean only pattern based trading! Thank you.

 

[lioneld]

This thread was opened during 2012 and till now keeps continuing, that’s the reality of Forex! Too much challenging profession.

 

[Oscar Shumack]

If you work hard, you will be succeed one day. Don't lose your hope.

 

[Cooper Truebridge]

You need to create knowledge about how to trade. Psychology needs to be controlled and traded and it is better to work according to plan and discipline. This allows for risk free trading.

 

[Benjamin Bryne]

To be successful in Forex trading you need to take some interesting steps. For example, you have to be patient, you have to trade according to the plan, you can't trade overtime, you have to trade risk free.

 

[Eduardo Lucchese]

There are some traders who use high lot and gain much within these short pips. This is the reason I prefer scalping the most. If you want to enjoy your scalping, you must start with a scalping-friendly broker. I seldom trade for long time.

 

[FXOpen Trader]

There are some traders who use high lot and gain much within these short pips. This is the reason I prefer scalping the most. If you want to enjoy your scalping, you must start with a scalping-friendly broker. I seldom trade for long time.

We can become successful traders but we will have to understand that doing trades is not going to be easy for us.

 

[Alexander Hudson]

Leverage is a big thing to consider at the time of selecting a broker. It is such a facility that allows a trader to take high risk beyond his capital amount. A fear about leverage works in the minds of traders just because they don’t know how to use leverage exactly.

 

[Oscar Shumack]

Until a trader doesn’t develop his own signal-making skill, he is not a good trader. So, don’t invest too early!

 

[SaadBinToha]

However, this is a temporary result so we shouldn’t get worried about it rather we should stick to right trading approach.

 

[FXOpen Trader]

However, this is a temporary result so we shouldn’t get worried about it rather we should stick to right trading approach.

If we want more trading income we must try to make some Efforts into our trades.

 

[Bahiya Shinam]

Forex is all about struggling so no question should be there about it. Every trader passes his first year of trading struggling hard.

 

[SaadBinToha]

Spend some time in the area of fundamental analysis because it will disclose you the exact scenario of the market.

 

[Eduardo Lucchese]

Brokers that use advanced trading technologies are preferred by scalpers because scalpers need to execute a trade quickly.

 

[Eduardo Lucchese]

Don’t rely on buying signals from syndicates because most of them are fraud. If you pass some time on the market, you can learn trading well.

 

[Aaron_0]

Have patience in you and continue learning as long as you stay with the market. We mostly skip learning and losses make us impatient about sticking to the market.

 

[Ethan]

Trading-genial mindset and a good trading strategy will help a trader become profitable. Sometimes we lack both sides whereas sometimes we lack either one.

 

[Nayek Pichai]

Education helps us understand the reality of the market and prepare us for taking any prompt decision against untoward situation. Rely on fundamental analysis for the betterment of your trading.