Most important element for success in Forex trading.

[RASTA]

There are many important elements for success in Forex trading. From my view the most important elements are Investing capitals in right fund, Trade with demo account for practice, Proper money management, Gaining overall experiences about Forex trading, Good level of study knowledge. Those was technical importance but here some also, give up greed, hang over fear, honesty. I think we all should learn these importance properly to be succeed...

true what you say that there is nothing in forex is easy to do all traders must strive within themselves to learn and do this trade with a lot of focus in developing this trade with a lot of learning on the analysis and money management to trade and the most important is that we must strive to work and be more patient in this trade

[jahid]

In every work there have some most important elements which help us to work. I think that in the Forex trading there have some most important elements which help us to better work in the Forex trading. Information, knowledge, curious, invested amount etc are the most important elements to work in the Forex trading. I think that these of elements are invested amount is the most important elements. Because if you do not invested any amount of money you can not work here. So it the most important elements.

[techboy]

For me there are 3 elements in order to be successful in these market, but for me the most important of them all is good psychology, we cannot conduct our trading properly if we dont have the right psychology in handling the pressure while trade forex, we may have a good trading strategy but if we cannot stick to its plan then we may not be able to be successful.

[featurelion]

All elements are important for us, a trader is incomplete if he dont have any of the elements. The elements include knowledge,skill, experience, patience , money management, risk management etc. If a trader has all elements then for me he is the complete trader and he earns more money than other traders.
For becoming a successful we should learn and practice every terms of forex market, work extremely hard because there is not a shortcut way of success.

[jahid]

My thinking is different from the other trader. I think that nothing is most important elements for success in Forex trading. Because every elements is so much important to work in Forex trading. I can work here if I leave any elements which I need. Example: knowledge, energy, money, time, information etc. If I leave any elements of these elements I can not work in the Forex trading. So I think that every elements are so important for the Forex trading to success.

[donald]

Yes i know the many important element for success in Forex trading . so The key aspect in this market will be control in excess of sensations. Inner thoughts are the key element of which most of the broker decline ing their cash inside of a few moments. Hope an individual an amazing chance for all you potential positions. Wish you might earn 1000s of dollars in just a day time. The almighty bless an individual.. just flow it ... thanks my dear all friend...

[sunny]

yeah dear of course you are right i am totally agree with you if trader think that forex is too easy and easy platform to earn huge amount without hard working and knowledge if trader agree on this thinking that trader never earn profit from forex market but if trader work hard on forex and trader work on serious mind then forex is very reliable place to earn huge money

[meeco]

Many of trade think that if they can get hand son the specific are then they can get success personally i am not agree with this thinking the reason is to get success in Forex market one need to consider Forex seriously and he need to use all of elements with coordination of each other then success in Forex market become possible.

in my opinion that there are many elements that lead to success and that important are knowledge and discipline with money management plan because knowledge will help the trader to trade with high percentage of success and money management plan will protect the account and will let the trader to trade safely with relax and without pressure

[Nilsagor]

Forex trade is not so easy; we need to pay attention on many aspect of forex trade to get the success from this market. I think trading with patience can help trader to protect loss in forex trading. Patience is important for man's life and it is very much needed in forex trade as forex trade is very risky trade. The patience trader will do better in forex trade; especially patience is very important while trading; because of unmindful trading for a while can be the cause of great loss. Before starting trade we need to learn forex properly, without learning forex we should not move forward to start trade with real account.

[Tanvir]

Success in Forex market is not that easy at all. To get success in this business you need to have some elements. The most important element for success in Forex trading is to have proper knowledge and hard working mentality. You have to be experienced in Forex trading to get success. Those are the main elements for success in Forex trading.

[riddy09]

@Tanvir,
Indeed, no one will think of it as easy as pie to accomplish success. Because, eventually we will need to go in many things and experience many hindrances and interference. But if we have here the discipline and patience as well as a good motivation to trade in Forex, we might able to surpass these difficulties and soon to have achieve of the success that we are waiting for.

For now, the most important also for the traders are the experience and the strategy. When they have able to work efficiently in these two they might have the product of profitable trading strategy.

[yogesh]

I think discipline is key to success in forex market. Forex is a market which is known for its uncertain nature, and unpredictable volatility, that is why forex trading is also known as high risk business. It will be luring you giving false signals but you can only get successful if you do not get into traps and stay discipline to your plan. Along with that you need to have commitment to keep you update with latest market conditions and recent market development as that where you are going to find the opportunities.

[Md_shobuj]

If a trader is well trained, can analyses the market properly, can control his emotions and also knows some profitable strategies then i believe that success is guaranteed for him. He should have the thirst of getting more knowledge and he should keep practicing to get more experience. Success in Forex mainly depends upon the trader's experience and knowledge.

[princewahaj]

I will say that, Money Management is a powerful weapon and element, one should use it efficiently, no matter that whether you are a full time trader or part time trader, we should always look that how much wider the account we have and how much volume we should open so that the whole account wouldn't be lost and you will not even face the Margin Call!

The second and the most important thing is Good Profitable Strategy which can generate good number of Profits, and we should also keep it in our mind that only make targets which can be achieved, Some traders think to make 500 pips a day, so i would like to say that it is not possible every day. There might be a day when you catch this number of pips but not often.

[yasirfx]

There are two most important factors which can contribute for the purpose of getting success in this business and these factors are learning and hard work,these both are of great importance,although difficult and takes some time but not impossible.
i want to ensure you that if you have command on both these mentioned thing then no one can pull you away from success.