Successful trading

005500 posted:
(Practice makes a man perfect) Successful trading depends upon your trading style, practice, knowledge. You should always observe proffesional traders how and when they buy and sell apart from this a trader should always do market analysis before entring into any trade and should have patience in executing the trade, most importantly is to have prpoer money and risk managemet.Never invest whole money in one go otherwise you may bear huge losses if market is not in favour. Observe, analyse, think and then invest.

Well said!

According to my personal trading experience, Price Action trading system is the best. It’s the most flexible one! Since you can use any kind of trading instrument here including crypto’s.

For the trade to be successful, you do not need to chase big money right away.

Just keep making a consistent profit while staying in control to your emotions

Successful trading depends on your training.

Andronn posted:
Successful trading depends on your training.

And Knowledge,Experience and your personality traits too.

Successful trading depends on your ability to see high probability pattern set-ups which can be attained through extensive experience or backtesting, and tracking & review of trading statistics.

Enyinnaya posted:
Understanding risk management and how to calculate proper Lot size is very important as well. That has saved me from some big losses

Risk management has helped me as well to maximize profits

Successful trading depends on commitment and hardwork.

Maintaining discipline is very important for successful trading. Without discipline, it is not possible to create a profitable strategy. Many traders are not able to make a profit by trading for a long time because their trading discipline is very weak. Successful trading is possible with proper money management and risk management.

Learning from others experience it cannot be the regular things. It is more appropriate to acquire experience by own trading. It works really than others.

In order to be successful, you should have knowledge and experience about trading. It is important to have control over emotions. Keep up the hard work and trust your instincts.

Success comes to those who really put a lot of effort, knowledge and time to trade.

success is a very simple issue if you can make sure focus commitment and discipline. a result of practice success at the end of the day.

If you want to become a successful trader you have to make a good and profitable trading plan. Without a good plan, you can not survive in this market.

Don’t take everyone’s opinion. What works for others might not always work for you! Build your own strategy.

Charlessmith posted:
Don’t take everyone’s opinion. What works for others might not always work for you! Build your own strategy.

I agree on that. Nothing works the same for everyone if forex. Got to use our own brains.

Indeed, forex is not just a machine for making money, it is also influenced by our relationships, our abilities.

What do you mean? How can our relationships affect Forex trading?