What is the imporatnt element of success in forex ?
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Thread: What is the imporatnt element of success in forex ?

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    What is the imporatnt element of success in forex ?

    Every business has important element so that forex has some important element.what is the important element of forex ?

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    There are lots of elements that affects price movements such as some technical factors like candlestick patterns,price divergence,momentum,volatility and so on,and fundamental factors such as policies that affects the economy,interest rates,GDP,unemployment change and so on.And for a trader who wants to make profit firstly he or she has to be deciplined and understand that success only comes to those how has the knowledge and respects such knowledge.

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    The most important element for success in forex trading is the trading discipline and mental mastery. Make our trading discipline with a regular step in accordance with the concepts and strategies that we use, and mental mastery makes us less anxious and emotional in forex trading.

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    The important elements of success in Forex is our own hard work.It is very important for every trader to learn and gain knowledge about the Forex market.Knowledge and experience are very important to learn from this business.Good planning,strategy and analysis will help you trade successfully.Patience,confidence is very important for every trader to get success in this business.

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    The main element is news and economics for success because this is economical business and running on currencies values.. so if you have very good knowledge in the economic then you become a successful trader as soon as possible.. but if you don't have good economical knowledge then you can not get success..

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    Hard working is very important in forex trading market, if we do hard work again and again then we can able to maximize our profits and minimize our losses so it is essential for every person but many traders did not focus on learning and practice the market and facing much loss again and again in this business so hard work is key here.

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    In the Forex trading ,the most important element is Proper knowledge about the Forex ,more skilled ,more patience ,hard working ,well experienced. These are the most important part of the business so in the Forex trading business . the trading is the more helpful in the world.Learning and practice is the most important part to get the success in Forex

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    The most important element of success in Forex trading business is money management and following risk reward ratio if we can manage these two elements then we can very well make a continuous and consistent growth in our account which will be slow but steady and lead us to become a successful trader.

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    The most important element of success in Forex trade is the knowledge that will help a trader to sustain in the market. If a trader lacks knowledge about the trade and the market then he must work hard to learn them as market is the place from which we earn money.

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    Quote Originally Posted by banna71 View Post
    Every business has important element so that forex has some important element.what is the important element of forex ?
    I think these are the two important element in the forex trading first is that who to mange the risk and secondly how to analysis the market and i think if you mange the risk well in the trading and control the emotion and predict the forex market then you will get the success in the forex trading.

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