To be a successful trader

The knowledge that we receive, we still need to be able to apply it in practice.

@Beagelv Yes knowledge becomes effective only when we can apply it properly. Execution is the key. Many people can not execute their knowledge due to lack of discipline and plans.

To be successful in forex you must acquire good knowledge and should develop good skills. if you will have enough knowledge and skills it will be easy for you to become a successful trader.

Mohammadi posted:
the successful trader is a trader which always able to predict the real faction of this market with certainly . its all about real professionalism.

Yes, successful traders always update themselves about the real market. The only person who can be successful in the forex market is the one who can make a profit by analyzing with patience.

Dictiony posted:
To be successful in forex you must acquire good knowledge and should develop good skills. if you will have enough knowledge and skills it will be easy for you to become a successful trader.

To be a successful trader, you need to maintain discipline and plan. And you should be happy with the reward that comes.

To be a successful trader, it is important to manage your risks, update the strategies according to current market conditions and always keep the greed out.

Keep learning & practising and try to become better each day.

Disciplined and planned jobs work very well at any time anywhere. The same goes for trading too.

Stay dedicated and focused towards your goal. For forex traders, being consistent is what matters the most.

Forex trading can be one of the best investments, only if the person is skilled enough. Without enough knowledge and skills, trading forex is the most risky business in the world.

If you have proper risk management it isn't an issue. Its just doing the right things and being persistent

Both education and practice is important to become a successful trader. But just learning anything and applying it to trading won’t get you profits. You need proper and relevant education to get ahead. I would suggest a complete trading course to start off with.

The beginning of your forex trading career is often the most difficult part. If you keep patience in the beginning, you can have a smooth trading career for a long period of time.

@marshallbuchanan yes you are right. Along with patience, one should focus on learning the skills. Unfortunately most people focus on earning and lose money.

@Akasuki Yes people forget that money comes from skills. But they want to make money without skills and end up doing gambling.

If you want to be a successful trader, try to gain every information about trading. Prepare your mind for all the situations that can happen in the trading market and know the fact that with profits, you might have losses too.

Tradextol posted:
If you want to be a successful trader, try to gain every information about trading. Prepare your mind for all the situations that can happen in the trading market and know the fact that with profits, you might have losses too.

Also prepare to be beaten up and down and up and happy and all the emotions rolled into one. Once you experience them you will be able to cope with them and thus become objective.

CraigMcG2020 posted:

Tradextol posted:
If you want to be a successful trader, try to gain every information about trading. Prepare your mind for all the situations that can happen in the trading market and know the fact that with profits, you might have losses too.

Also prepare to be beaten up and down and up and happy and all the emotions rolled into one. Once you experience them you will be able to cope with them and thus become objective.

So true. In fact, you cannot expect to be stay the profiting run, you will have to deal with some losses and some winning, but at the end of time, you will be gaining an experience and you will be glad that you were there to experience it.

I don't know how about pains, I think that it is an individual thing. Learning how to trade presupposes the work on your personality. Some people are mentally suitable for tradin, they are okay with the psychological pressure, their mindset is appropriate and they usually make sensible decisions. However, some people need to do serious work on their personalities and they need to change their perception of what makes the decisions good and bad.