Successful trading

Your mindset. One trait which is important to trade successfully is your trading attitude. It reflects various factors like discipline, patience and realistic expectations.

Roberto21 posted:
successful traders don't follow others rule , they are always confident about their knowledge and experience that acquired by passing a long time with great patience.

True. Beginners tend to follow what other experienced traders do, in the form of strategy, advices as a role model but only learning from mistakes and gaining experience make them successful.

For successful trading, one of the most important things is to have a right state of mind whenever you trade. It requires traits like patience and discipline to reap benefits from trading. One has to be constantly on his toes and observe all the changes that may have a bearing on his trading activities.

I like to exercise three times a day to keep attention focus and get a rest from the charts. It really helps my trading. Everything gets too boring and stressful if I am looking at charts all day

birthtamper posted:
I like to exercise three times a day to keep attention focus and get a rest from the charts. It really helps my trading. Everything gets too boring and stressful if I am looking at charts all day

That’s a good way to trade. Also this will help you maintain a balance between trading and the other odd jobs.

I try to combine trading with other activities as well. It is more rewarding and gives me better results as I do not over trade

from all inevitable parts of trading , consistence practice and learning is most important. there is no ending  of Forex market and no ending of learning. 

success its all about temporary session,
always try to repeat success, otherwise its just valueless.

Mohammadi posted:
success its all about temporary session,
always try to repeat success, otherwise its just valueless.

Basically, making 2-3 TPs are very easy; but being a consistent player is the real challenge! So; we should focus on the whole scenario!

Trading is only profitable and successful when traders take it seriously and do thorough research.

Gabriel99 posted:
Trading is only profitable and successful when traders take it seriously and do thorough research.

Investors remain profitable across a variety of market conditions because of RISK MANAGEMENT.

Risk Management is the #1 thing that separates the truly profitable traders and the losing traders.

RISK MANAGEMENT.

I want to be successful but it is hard

Professional4X posted:

RISK MANAGEMENT.

i agree, no trader/investor can be profitable for long without proper risk management.

I highly disagree with people who just say 'all you need is risk management'. If it's true that all you need is risk management, just take trades with 20pip SL 30pip TP and just randomly take these trades. You will lose money because you don't have an edge. Trading is all about having an edge and increasing the probabilities towards your own favor. Of course without risk management you can't do anything, but just with risk management alone you are still nothing. You need an edge.

Consistency and pure dedication are the keys to successful trading.

I think if we know how to control emotions, good knowledge and have a sound trading strategy,then we can become successful traders.

Tygotaylor posted:
I think if we know how to control emotions, good knowledge and have a sound trading strategy,then we can become successful traders.

True. Those are the most major parts.

Tygotaylor posted:
I think if we know how to control emotions, good knowledge and have a sound trading strategy,then we can become successful traders.

Having a good startegy is the most important part i think.

Johny_tr posted:

Tygotaylor posted:
I think if we know how to control emotions, good knowledge and have a sound trading strategy,then we can become successful traders.

Having a good startegy is the most important part i think.

Without a working strategy there is nothing. You are just gambling and the house always wins