Most important element for success in Forex trading.

[Ashish]

Success in forex mainly depends upon the trader's experience and knowledge.The most important element that we must have if you want to get success of forex trading is to have a good skills, a strong mental, psychological good trade.For all the traders it is always necessary to be optimistic in the trades and unless the trader is optimistic he can not be gaining any profits at all.After joining forex it is observed that forex trade needs much skill and knowledge which needs to achieve first before making trade.

I would like to add to your above words that only having knowledge and experience wont work in here. As a trader you need to know how to utilize your knowledge according to market situation, so that the extreme results comes out to be on top.

We know many newbie traders face huge losses and collapse in their beginning stage, but there are also examples that even after learning about forex, some traders might have to fight hard to stay on the ground. And that's because they don't usually know how to utilize their knowledge and for that practice is very necessary.

[poncoez]

effectively for me only 1 ingredient are unable to kind the foundation connected with achieving this achievements available connected with foreign currency trading and also dealers should think about different things which are vital so you can get this achievements such as getting an advanced investing knowledge and also knowledge, excellent investing expertise, ability to deal with this emotions, chance and also funds throughout foreign currency trading.

[HansipFX]

Success in forex trade does not comes by itself, in addition from the things that have been discussed here is your experience when yoou trade are the most inportant to be success. Make the time when you got loss is a experience that can teach you to make a better trade in the next time, I am sure you will never meet the loss again..

[Ashish]

Success in forex trade does not comes by itself, in addition from the things that have been discussed here is your experience when yoou trade are the most inportant to be success. Make the time when you got loss is a experience that can teach you to make a better trade in the next time, I am sure you will never meet the loss again..

Very well explained. Success in forex does not come by itself, rather its us who has to work hard to make it look easy for us to achieve success. Getting success over anything requires us to be more hard working and disciplined, if we have such criteria within us then surely the success will not be hard to achieve.

Everyone wants to achieve the success, but hardly a drop of the sea can manage to reach that top level. And the obvious reason behind that is the lack of hard working nature. If anyone is really serious about getting success, then he will always work hard happily for that because he will know that without hard working success is not achievable.

[ekpors]

most important element for success are, knowledge, experience skills and strategies this are the important things we need if we want to success in the world of forex, if we want to get all of this we need to learn from the demo account for some couple of month before we can get all of this element that will make us success in trading.

[sekiryutei]

Well, i believe that the knowledge of a certain event in the market is what that will determine whether we will be able to make profit in here or not. Let's say that i have a certain trading strategy that i've built after 3 years and the profit ratio is 90%. And the element in here is "knowledge" plus "experience" and implementation".

[dickvr46]

The only way to become a successful trader is via long term trading there is no other way to have the success in the market all the other ways does not work that much because short term trading always ends up in stops outs and other improtant thing is control upon the emotions and hold upon the skills and knowledge

successful forex trading may be that trading from that you get maximum profit and minimum losses.. suggests that in that every individuals trades will just be positive and you may suffer zero losses.. along with you have becoming a successful trader and it is important to be terribly experienced and good trader

[zinuk007]

Every trader want to make them successful in their life through Forex trading because it is not a good business but also an aim of life or a dream to their life. Every success comes after hard work, Practice, Learning and discipline. So you need to make your self capable for first to make your self a successful trader in your life by doing all those work.

[Gadalay]

Well, i believe that the knowledge of a certain event in the market is what that will determine whether we will be able to make profit in here or not. Let's say that i have a certain trading strategy that i've built after 3 years and the profit ratio is 90%. And the element in here is "knowledge" plus "experience" and implementation".

The two most essential requirements to achieve success n Forex trading are knowledge and discipline. Lack of knowledge and lack of discipline are the two most prominent causes of losses in the Forex market. Thus a trader who wants to succeed in this field should improve his Forex knowledge and also develop self control.

Many traders consider Forex as an easy and quick source of money and start trading Forex without learning. They trade recklessly and take high risk to become rich in a short time. But such tradersa top the list of losers in the Forex business.

[waqas]

Forex is a real and legal online business and there are many elements for gain success in forex trading business
experience and knowledge matters alot to gain huge profit easily in a short time its a money making business forex is a business where everyone all over the world work in and earn money.

[monju begum]

Every people need success.For Forex success we need more knowledge and more experience.Because knowledge and experience are the key to success in Forex .So if we want to success quickly in Forex trading ,we should take knowledge and experience.If any people have more knowledge ,he will must be success in Forex market.So i can say that knowledge and the experience is the most necessary element in Forex trading.

[einsamkeit]

the most important thing in forex trading is knowing the risk with knowing the risk you can be carefully trade in this busines what is carefuly mean it is you trade in demo account till you can get consistent prfoit after that you trade in real if you trade in real immediatelly it is too risky i think hence many broker prepare the demo account to their client

[UsmanGb]

yes i think Forex is a good business for all but in Forex main thing is your experience and knowledge if you have only learning then i think your business is half and you can success manually.If you have both experience and knowledge then we success more and more and earn more and more to our thinking

[shakir]

yes dear your right in forex the most important thing is strong skills of trading and as you know there is a no end of learning in every stage of life your learn and forex is also is your own business and every mistake enhance your ability of trading and your skills and hard working can give you the success in forex trading.

[abc]

is having much knowledge about forex trading as we can not earn enough profit from forex market without gaining much knowledge. The most important element that we must have if you want to get success from forex trading is a hard work and motivation to learn and keep practicing consistently You have to learn basic trading tools to be a successful Forex