the secrets of success in Forex

[MarvelPole]

I see that patience and dedication are quite important for traders. There is a lot of work to be done in analysing trends and following market developments. At the end comes strategy development, testing and learning from it outcomes and again adjusting or changing the strategy.....

 

[Tom Latham]

I see that patience and dedication are quite important for traders. There is a lot of work to be done in analysing trends and following market developments. At the end comes strategy development, testing and learning from it outcomes and again adjusting or changing the strategy.....

Agree; especially on the strategy issue; without a proper trading strategy, the path is too much sticky. So, new traders should focus on trading strategy more than signal or anything like this kind of 3rd party service.

 

[MarvelPole]

I feel no success can explain in word. Because a lot of thing cannot be expain and success for people always not the same. First, is set the goal and plan to trade. Second, execution and trade your plan. Third, review&checking and check the result. Finall, improve it and redo the first step.

 

[Svetlana Loboda]

I feel no success can explain in word. Because a lot of thing cannot be expain and success for people always not the same. First, is set the goal and plan to trade. Second, execution and trade your plan. Third, review&checking and check the result. Finall, improve it and redo the first step.

Good cycle! In addition, you are right, there have so many issues what we can’t describe here! And the parameters are not the same; it varies traders to traders.

 

[sininfinity]

Agree; especially on the strategy issue; without a proper trading strategy, the path is too much sticky. So, new traders should focus on trading strategy more than signal or anything like this kind of 3rd party service.

Good suggestion. In my opinion if a trader is determined then he or she can become a consistently profitable trader and that will not happen relying on others.

 

[Lee Mark]

Good suggestion. In my opinion if a trader is determined then he or she can become a consistently profitable trader and that will not happen relying on others.

And that should be the game plan by the new traders! Depending on others it’s a temporary solution; there is no guarantee on that.

 

[robert.miner]

whether confidence is part of the secret of successful forex?

 

[sininfinity]

And that should be the game plan by the new traders! Depending on others it’s a temporary solution; there is no guarantee on that.

It's a guarantee that they will fail if they rely on others in this market. A trader has too much to stress about and on top of that he would not want one more.

 

[Vernessh]

I am also not a huge fan of social or robot trading. If you know how to trade you don’t need any kind of EA to trade instead of you. Anyway, even if they manage to make short term profits, on a long term they all fail. So, learn and gain experience if you wish to stay for a long time on this market

 

[Tom Latham]

I am also not a huge fan of social or robot trading. If you know how to trade you don’t need any kind of EA to trade instead of you. Anyway, even if they manage to make short term profits, on a long term they all fail. So, learn and gain experience if you wish to stay for a long time on this market

That’s the main medicine; build your own trading skill; no one can stay here without own trading knowledge & experience! New traders need to avoid all kinds of 3rd party services.

 

[TiongeEdi]

This is a collection of important points in forex trading. Thanks

 

[Tom Latham]

This is a collection of important points in forex trading. Thanks

Maybe; but I found money management is very important! Such as till now you can avoid fundamental analysis if you have good knowledge on market chart.

 

[alina.marabar]

very many traders start trading vigorously, past two-three years, then stop.

 

[Tom Latham]

very many traders start trading vigorously, past two-three years, then stop.

Yes because, they focus on earning; instead of trading. in Forex, without having traders own trading knowledge; there is no way of money making.

 

[john.brave]

just action and learning by doing.

 

[Fx Master]

Market moves at random most of the time , so same strategy for all time will not works at all , so it is more appropriate to develop our trading strategy by regular practice.

 

[Nezami]

success on scalping is a complicated issue , the result of scalping its all about temporary session , scalping not works for all time , its profitable no way to deny but contains huge risk than others.

 

[anna.semera]

Successful trading in forex trading is a series of buying and selling foreign currencies simultaneously.

 

[Tom Latham]

Successful trading in forex trading is a series of buying and selling foreign currencies simultaneously.

For me; successful trading means making consistent result in a long run! The return percentage doesn’t mean much; but again consistency is the key.

 

[Richards]

If you are using risk and capital management techniques properly, then you will manage to limit your losses whatever strategy you use. So, again is all on traders skills and experience, the technique plays only minor but still important role