Being a successful trader
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  1. #1
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    Being a successful trader

    Being a success trader requires only 2 thing:

    1.Ability to accurately interpret market signals

    2.self-discipline

    well does anyone have the first , may be indicators or EA ??????

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  2. #2
    Rookie mohamed reda's Avatar
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    that may be good reason to be a good trader but also you must had enough time of losing trades because losing trades will be good for you as a beginner trader to improve your trading strategy or your trading method to be more stronger to be able to face this risky market and also to make more profits with out any problems .

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    Registered user Razor1911's Avatar
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    To become a successful trader, it is very important that a trader must work hard to increase his knowledge and for that the trader must trade on demo and practice on demo account as long as a trader does not gain knowledge enough to make this trading business a suitable business for them to earn from.

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    You agree with you but along with that you should also be remind these things Greed, Good money management, Patience, Skill, Hard work, Risk management, and many more things are in the list that we should have in forex to become a very good professional trader in this business so its all about hard work here Hard work is the key of success in forex

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  5. #5
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    Very well surmarised,as a forex trader you need to be able to analyse the currency market and interprete market behaviors into future price direction or in other words predict the market, it might sound funny but in reality behaviors can be predicted, especially in a market like forex.

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    Who can identify the signals of market he is really can be a gainer of the market. for this we need to learn about the analysis of the market and learn about the analysing tools of the market. and if you want to be a successful trader you have to maintain your discipline about your plan.

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  7. #7
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    Ofcourse self discipline is must an required at any stage whether you are a starter or experienced and this market will keep offering you opportunity but we should only be looking for best of setups and should not take every trade and pick only one or two pairs for the whole week as it will give you levels that you can just remember on tips the extreme support and resistance and then look for the trend to give hints of continuation and then enter rather than keep looking for reversal and that is the good example of patience

    regards

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  8. #8
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    Yes definitely these are the very essential qualities of a successful trader but to cultivate these qualities we need to do a lot of study hard work and practice, and these external qualities can be developed easily by a lot of practices but self discipline is something which comes from our inner control and that is a bit difficult task to control but we need to overcome this by practice.

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  9. #9
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    Not enough data should be a successful businessman and merchant account demo show business professionals dedicated to the trade training and knowledge to provide is very important.

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  10. #10
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    It is not easy to become a successful trader. It needs much knowledge and much practice by the forex trader so without proper knowledge and proper practice we cannot able to earn money and never become successful so hard work is required by every forex trader in this business.

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