Tips for being a Successful Forex Trader

Sunny Aarby

Newbie
Mar 24, 2017
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you are sure you have studied about the currency pair to an extent that you know the momentum and trend of the currency pair. Do study the market and grab small profits, then you will win for sure.
 

Aadolf

Trader
Jan 26, 2017
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Keeping a Clear Mind is paramount to trading successfully. Trading successfully is mainly be defined by your mindset. If your trading mindset isn’t what it should be, you have no expectation of making a profit. Unfortunately, most traders neglect this basic truth or aren’t informed of how essential having the proper mindset when it comes to successful forex trading.
 

ema watts

Trader
Feb 2, 2017
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Keeping a Clear Mind is paramount to trading successfully. Trading successfully is mainly be defined by your mindset. If your trading mindset isn’t what it should be, you have no expectation of making a profit. Unfortunately, most traders neglect this basic truth or aren’t informed of how essential having the proper mindset when it comes to successful forex trading.
Absolutely! Trading without knowing what to do is of no use. It’s more or less a gamble. One has to be clear in his mind about his trading plans and set the goals that should be realistic. Right mindset comes with discipline and patience which are the traits of successful traders.
 

Banni

Trader
Apr 20, 2017
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For successful trade you've got to have a trading strategy, preferably your own, a unique one. And that can't be done in a week.
 

Ary Barroso

Active Trader
Jul 9, 2017
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Thanks for all of your points! By the way, I seem before making a trading plan traders need to learn enough technical and fundamental analysis! Without proper trading skill a good trading plan is impossible in a word! By the way, success is not easy job here, so much challenging profession.
 

Michelle Yeoh

Trader
Jul 9, 2017
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Nice thread! For being a successful Forex trader, a neat and clean trading plan and strategy are very important here! On the other hand, greed is the most common problem in the trading industry, so traders have to trade according to the market demand without personal emotions and greed!
 

milornld

Trader
Aug 27, 2018
41
1
17
35
new york
Check few more points:

- Define Your Goals and Choose a Compatible Trading Style
- Choose a Broker Who Offers an Appropriate Trading Platform
- Choose a Methodology and Be Consistent in Its Application
- Focus on Your Trades and Learn to Love Small Losses
- Practice Makes the Master
- Create A Bullet Proof Strategy
- Record Every Trade and Analysis

Thanks
 

Miller.d43

Newbie
Jul 24, 2018
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For successful trade you've got to have a trading strategy, preferably your own, a unique one. And that can't be done in a week.
Right! having a profitable strategy is one of the most important tool to become successful.