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07-23-2013, 04:21 AM #226
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I think most important element of forex trade is money management. If you know how to proper way of money management then you are gainer this business. Also another important is demo practice before trade. I think it is the best for newbies, more practice make you more perfect in forex dealing. And last important thing is market analysis, so if anyone follow above thing then they can success in forex trade. THanks.
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07-23-2013, 04:29 AM #227
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Yes money management is the most important factor in Forex trading. A proper Money management helps a trader to stay in the market for long time with minimum loss and thus help to experience the market in a better way. Good money management will turn a loosing trader in to a winning trader. If the money management is not good the money earned in few trades will be lost soon and the trader will hit the margin call.
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07-23-2013, 04:34 AM #228
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i am agree with you , i think that all the information is right .our mistake gives us the learn . there is o single element that can get success for you in this market.you think about trading and a willingness to begin changing your trading habits.if you can find out your mistakes and trade with that idea then surely you can trade and make good profit
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07-23-2013, 07:05 AM #229
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Of the most important factors for success in Forex is the attention to capital management sound management and use a good strategy, and the dimension of greed and not many open positions without analyzing and learning technical analysis and news service and attention to news analysis and follow-up well
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07-23-2013, 08:49 AM #230
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The most important element in forex trading? What is that? As you already know... everyone is different in their own respective ways. Some people only require a good trading strategy to make money in this business and that is what's important to him, the trading strategy. While we find, on the other hand, some other people who already have great trading strategy but lacking in the psychology department. So for this guy, the most important element in forex is obviously the psychology aspect.So... to each his own. That's your answer.
The main goal is to become a full time forex trader
and I'm prepared to endure the long process.
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07-23-2013, 09:01 AM #231
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My brother, I think that Money management is the most important element for success in trading. But experience and hard working is also related with Money management and success! We have to gain lots of experiences about Forex trading, then we can do a proper management. Also without hard working its not easy to handle the money. By managing money we can invest our money on right fund, trade on right pairs. That's all from me!
ONLY TRUST YOUR SELF!
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07-23-2013, 10:06 AM #232
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Obviously the above mentioned factors are really very much effective when trading. These are actually the basic virtues that a trader need to have within them whenever they will trade in here, these are very much essential to trade with precision.
But not all trader can make such things work everytime. It's very hard to be the master of all these stuffs everytime we trade. It is very much important to have self control as it will give us more grip on such virtue while trading and make trades effectively.
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07-23-2013, 06:55 PM #233
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i think most important element of forex trading is learning forex properly.learning forex is a difference between successful and unsuccessful trader in forex market.so learn forex is the main key to get the ultimate result from forex market.so learn forex then trade in forex market is helpful for earn more money from here at forex.
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07-23-2013, 09:30 PM #234
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The most historic thing for existence thriving in forex trading industry is having more noesis about forex trading as we can not garner sufficiency gain from forex industry without gaining much forex trading noesis. So we should try our best to instruct many and more for gathering untold noesis almost forex trading that gift support us to get money from forex.
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07-23-2013, 09:51 PM #235
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I also think that having good knowledge and experience in forex trading is most important element for being successful in forex trading. So we need to gather much knowledge and experience in forex trading if we wish to become successful in forex as without having much knowledge of forex trading we can not think of being shined in forex trading market.
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07-23-2013, 09:55 PM #236
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Our mental is fresh for trading time. than continue trade and following markets. We should know to Forex condition
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07-23-2013, 10:01 PM #237
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The most important element for success in Forex trading is following some strategy and system which are really very important for successful Forex trading.Forex trading is a hard work and this is not suitable for all.A lot of patience and a lot of idea about it is very much important for success in Forex trading.The power of analyzing market condition is also an important element for successful Forex trading.
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07-23-2013, 10:03 PM #238
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I dont know but what I know is that its all depend on the trader and which element he chose the most here in the forex market.
As for me I think that the most successful element which the trader need is good money management and proper understanding on how the market really work so its better that the trader get more knowledge from many of the sources just to get some profit as well
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07-23-2013, 11:10 PM #239
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Some tips for success in Forex trading:
1. More learning
2. More demo account practice
3. Do not over trade
4. Control greed and emotion
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07-23-2013, 11:15 PM #240
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the most important element to succes on the forex is to find the best way to get the signals and to use the good indicators that will show you the way to make a decision of sell or buy of currency on the market also you have to learn more and more about the strategy and develloped your own will be a good idea to make the style of trading more professional for you.