Generating a consistent, low risk ROI of $100,000.00 or more per year from trading Forex is successful isn't it?
If an investor has $400,000.00 US in a well diversified portfolio and it generates an aggregate flat ROI of 25% annually, that works out to $100,000.00 US per year.
Even in expensive cities like New York or Tokyo a person can live a very comfortable lifestyle on $100,000.00 US per year.
If a person budgets their money correctly, and they don't really have any unmet financial needs as per their level of income, then I would most certainly say they are successful. If a person can't live on approximately $8000.00 US per month income, then it isn't a problem with Forex, but rather it's a problem with the person who lacks reasonable financial planning.
To state that successful Forex traders don't exist is absurd.
I find fundamentals are very difficult to understand and use for trading. Do you know of any books that teach how to use fundamentals to help with Forex trades. Everything I have read doesn't really apply fundamentals to specific trades
flashoutline posted: I find fundamentals are very difficult to understand and use for trading. Do you know of any books that teach how to use fundamentals to help with Forex trades. Everything I have read doesn't really apply fundamentals to specific trades
Don’t expect proper instructions from your broker; they only provide basic level of guideline!
Most sucess people do achieve with something like for example stocks, lately I am completely dissapointed with FX market and want to try usual stocks, as for me it's much stable thing anyway for many possible reasons out there - I do not see that.
To become a trader is easy but to become a successful trader is tough. If you want to become a successful trader, you need patience, desire, luck and most importantly a bunch of knowledge about forex. You need to take right decision on right time. You also need a support while trading in the market.
Imamul posted: In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme
If you want to do successful trading in the forex market, you have to get all the knowledge and process of the market. On the other hand, you need to make a profitable plan to make money from this market.
besides making profit there is only losses and fear. so we the traders have to make sure how to faces losses and control emotions. actually emotions is the foremost enemy in our life only not Forex trading all about life attitudes.
Imamul posted: Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
That’s true. Trader should always analysis tier broker before choosing. See if this broker is good for your strategy or not.
Successful traders always plan according to the plan. Due to which they are protected from many unexpected moves. If you want to trade successfully, you have to learn trading first. If you don't learn and trade, you will never succeed. Money management and risk rewards must be followed in trading. And you have to be patient all the time.
Successful trading is the combination of so many things. You need a good strategy with good risk reward ratio. You also need discipline and ability to control your mind. You also should have a good risk management strategy to be successful.
Successful trading is not just about a good strategy. You have to understand the market emotions. Risk management and mind control is the key. It takes years to be discipline in trading. We also need patience to be successful.
If you want to be successful in trading, you must follow the plan. It is very important to maintain the discipline to profit consistently. If a trader does not follow risk rewards and money management, he will never be a successful trader. The risk-reward formula must be applied to cover the loss in trading. And you have to keep a long time target and trade with patience.
UweMoench posted: Successful trading is not just about a good strategy. You have to understand the market emotions. Risk management and mind control is the key. It takes years to be discipline in trading. We also need patience to be successful.
All those factors that you mentioned are on point. These are really essential to be a winner in forex. Just to add, I think proper research is also very important.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.