Most important element for success in Forex trading.

[TalhaDX]

Most important and even crucial than the money is the knowledge of trading you have. If you don't have good knowledge you wont earn good money in Forex. I believe that you must always keep your learning mood on and try to gain good points from the market.

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Most important and even crucial than the money is the knowledge of trading you have. If you don't have good knowledge you wont earn good money in Forex. I believe that you must always keep your learning mood on and try to gain good points from the market.

[sumonprof]

The most important thing for being successful in forex trading market is having much knowledge about forex trading as we can not earn enough profit from forex market without gaining much forex trading knowledge. So we should try our best to learn more and more for gathering much knowledge about forex trading that will help us to earn money from forex.

[u4n777]

@sumonprof,
I agree with you. Knowledge is an important element that every trader cannot do without. For a sustained trading, that will withstand the test of time, knowledge is absolutely inevitable. Just as important knowledge is, so also is passion. I strongly believe in passion as being one of the important element that determines how successful a trader will be. Passion serves as a driving force into propelling a trader to shoot for the best without relenting. Without passion, most traders will take their trading without any form of zeal.

[juliano]

elements of success is multiple in forex .. but it must be syndrome ....i think that the most important elements of success in forex is the possession of knowledge leads us to good trading ...learning also one of the most important elements of success ...the most important and most dangerous element is the experience ..if you have enough experience i can call you a successful trader

[rizal83]

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 so that we can have very good skills in conducting trade in forex, other than that we also have to have a trading psychology is very so that we can better control your emotions well and that we may resist greed that we have, then we should also have a very high discipline

[typer786]

i think the most important element for success in forex trading is your interest and hard work if you have both things so i can give you gurantee that you can get success in forex trading business because forex need to learn properly and without interest you don't learn and work hard in forex so these two things are more important element for get success in forex

[forex.monster]

I think the most important thing in Forex is time... with time experience and knowledge will come..If we can last in forex market for two or three years so forex will be very easy to us. It is very neat and clean business in the world. I like this business very much. It is very profitable for me and constantly doing Forex will make us better in our trading.

[profitstaker]

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.

There are many important elements when we trade forex. They are knowledge and experiences. We can get knowledge from the lessons of forex, and we can get experiences through trading forex on real account. I think all elements are important as the same as others. There is no element more important than the others.

[abidbhatti18]

I think continuous learning and study makes one successful trader. Although there are some other elements that are important for success but with continuous learning and study you can eliminate your mistakes and can use new techniques and indicators to get help for better understanding of market trends. So I will insist to keep learning and study even you are an old and experienced trader.

[dmharis]

You have to learn basic trading tools to be a successful Forex trader.You have to control your emotions and greed.You should apply your trading skills,strategy,ability,knowledge and experience all in real Forex trading.You should follow risk and money management,fundamental and technical analysis for successful trading.You can also use candlestick analysis for scalping.Thus you will be a successful Forex trader.

[irshad]

The most important factor is that we have to If you want to achieve success in foreign currency business is is a good capacity, a strong mental, psychological good trade and a good wealth management and, perhaps, many other elements to be on the need we will achieve success on foreign currency business seriousness, therefore, if we want to get along
Foreign currency business success, and then we will have to be on the elements of their holiday at one, because it is in fact a trader who will he receive a spirit of all elements of success on the need for foreign currency trading

[Violet]

For me there are two most important elements of success in forex trading and they are also lacking in many trader. The first important elements is good trading discipline. If you can eliminate all your bad trading habits then there is a greater chances that you can learn how to trade profitably in quick manner because you can already follow your own rules and trading plan with out fail.

The second most important element is good capital management. We all knew that the life of our trading is our capital. If we lose all our capital because of negligence and careless trading then we can no longer trade in live market to earn real profits. Good trading plan and good trading discipline can make a successful trader out of us.

[diaislambd]

Forex is the most profitable trade in this current world but without getting success, it is hard to consistence our profit.we all traders are trading in here but every traders do not get success. i think we can get success in forex if we have the following elements:
1.sufficient trading knowledge
2.sufficient trading experience
3.patience
4.Intelligence and creativity
5.good trading plane, good strategies and a good money management
6.big investment

[Muayad]

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.

i think above all that the most important element of trading is discipline,from my experience i discovered that actually being disciplined is sometimes more important that being knowledgeable and beginners with high discipline get better results that traders who are advanced but lacking discipline.

[Haseeb Javeed]

Experience.
Knowledge.
Forex trade needs much skill and knowledge which needs to achieve first before making trade.experience is the good way to get success in forex trading but main things that many traders not get proper knowledge causes less experience.and less knowledge.