Most important element for success in Forex trading.

[u4n777]

@rizal83,
Sure! In the aspect of discipline, every trader needs it to be able to succeed, since there is no natural success; something needs to set the success in motion. And for a trader to be consistent in his earning, there are some basic things he has to do, which include planning. A trader who is creative in his plans, will always have an edge over the average traders. A good plan, gives rise to a good forex trader. But for the traders who care less about the important element to success, will have to care about their eventual losses.

[seahawks90]

Forex market is too complicated and to understand it very well you always have to be smart and active here there so many facts which you may don't know about this market so its always good to get each and every single thing related to this field before opening your position otherwise you may loose your capital.

To get success here you always have to read the market to some extent so that you will not open your position on wrong time along with that having good forex knowledge is required, experience will give you extra advantage while making profit here. Success always based on the hard work of trader the more he will do the more he will get.

[ashvini]

Without considering the forex trading business seriously one can for sure can not excel in the forex trading business and thus the traders should always try to have some specific goals and plans while trading in the forex market and then work towards their goal so that they can carry out good and high probability trades.

Apart from all these being said, i would say that the most important element for being successful forex trader is to gather knowledge regarding the trading business and be very well skilled enough to manage their assets which is the trading capital money so that they can build up their trading portfolio as desired.

[mizanur.m23]

The most important aspect in business that you have a clear set of trading rules and you have to establish your own trading system that will follow you all the time.
Psychological aspects of the trade is also important, you must be able to deal with the emotions and frustrations you had great revelation on the market.

[Dejavu]

The most important element to reach success in forex trading is experience,with experience we can make good trades and we will be able to control our emotions when trading.Experience is one thing which will bring us consistency in trading,we can earn without making many losses.Experienced traders will make good profit every month from their trades.

[sadaf]

yes i agree but most important element in forex business in my opinion is patience and experiences because we can get experiences with our patience we need do forex trading business good experiences and forex knowledge and learning also most important thing in forex business we have also good luck to gain success and satisfaction forex is very profitable and best business if we do hard work then we can gain these things easily .

[Ashish]

The most important element to reach success in forex trading is experience,with experience we can make good trades and we will be able to control our emotions when trading.Experience is one thing which will bring us consistency in trading,we can earn without making many losses.Experienced traders will make good profit every month from their trades.

Having knowledge and experience is not all, a trader should also know how to use the such knowledge and experience according with market and make the best use of the knowledge and such experience.

having knowledge is not the all thing, but a trader should also have the presence of mind so that can make such knowledge useful according to the market situation and that's what matters most than having just knowledge.

[ayushsrk]

in my points of view i think The more we trade, the more we are able to get experience of profit/loss which can make us a to become a good trader further and i think This it the best element for success in forex trading. Without knowledge and experience imported elements which you can easily achieved through Learning. So learn forex can give you all you need to success in forex trading..

If a trader is going to continue here in the trade market with some good deal of patience then certainly he is also going to become able to gain high deal of experience and profits in his trades.The major thing for any trader here in the trade market is to always at least understand the market well first.And if unfortunately the traders will lack this proper understanding of the market then they might have to face further losses but with the trades continuing the traders will be furbished as even better traders.

As if the traders will continue with the trades then with the profits and the losses that he faces he will be able to view the market in an even better sense.

[hashaam]

you are also absolutely right but first of all we should know this thing that we have to learn about forex 1st and then we should have to leave our all bad habits which create bad effect in our trading like emotions , fear and greed then we can make our self a good and profitable trader ... unfortunately it will take time but after some time we will get handsome profit from forex ...

[earner]

Experience and knowledge is very important for trader. The trader can able to survive in Forex with experience for long time. Practice in demo account and trading in real account helps to get experience, so everything is important for trader. Be a perfect trader to earn in Forex trading. always stay in the chart to get familiar with the market movement.

[Simo]

i think that the most improtant element succes in forex trading is money management and the way of trade this two things has an important role in the success to traders and this came from learning and knowledge and emotion control if you got all this you can consider yourself among successful traders

[debian]

it is compsry to control his or he emotions fix full rattling distinguished becaus you most instruct how not to busniess with your emotions in this activity, monger who swap with there nous and not with there emotions not with easyly in forex trading then mongers who line author with their mump. it is realy good thing

For making success from forex trade business, the important element are we should make proper trading plan and has good profitable strategy. also other element we should have proper money management and risk management rule. Besides that the attitude element for success in forex trader business are we must be sincere and discipline and also can manage the psychology

That is important element for getting success in forex business but many of trader ignore about that all, especially about psychology management. they don't care about this then making some mistake that can make their trader will facing some problem, it's make our success be pending .

[akashghurde]

I think most important think in forex trading is that you must have patience.If you have good analysis skill and have patience then you will get more profit in the forex trading.

Another thing in the forex trading is that trader must have good experience in the forex trading.Without experience you can not get profit in the forex. So most important thing in forex is that you have both the think patience and the experience.

[ppttyy]

The most important element for success in forex trading is education and trading method, experience and patience in trading and think the focus is very good in throwing any order puts the merchant whether buying or selling, you should focus well

[Swayam]

Only your experience and technical analysis can lead you to success in FOREX trading. So these two elements should be kept in the mind of trader. Experience will let you win and technical analysis will show you how to trade and when to trade as well. These elements will help you the most. There are many elements which helps to lead towards success in FOREX trading.