What are the steps to achieve success in the forex

[sumonprof]

Senior forex traders may help us a lot for achieving success in forex trading. So new traders at first should take suggestions from expert forex traders to start journeying in forex trading market. New traders also need to read articles for learning much about forex trading. They may also watch demo videos for getting information of forex and demo trading also may help them greatly for learning forex.

[Innocent Anthony]

If you want to be successful in the uses of forex trading,then you should be able to do the right thing and one of those things are money management and trade management,no matter your strategy if you do not have these two skills,then i do not think a trader can make money on a consistent basis.This is my own take and according to my own experience.

[poncoez]

There's no technique achievement connected with Foreign exchange with no additional practice. Forex trading is a ideal in addition to genuine organization on the web the an excellent in addition to complex organization there are many things to do to hit your objectives within currency dealing many are generally comes after, discover successfully with regards to Foreign exchange and its particular advice in addition to rules. I believe that with regard to achievement will probably be good strategy.

[zinuk007]

the steps you need to achieve success in forex market are ...

[1] always trade with low risk low lot size lot leverage ..
[2] do not greed for more if you got little profit then take it not wait for more
[3] news to trade mean fudamental analysis try to used
[4] do not depend upon indicator too much
[5] emotions free to trade
[6] respect your strategy

if you want to success full then you need to follow these things and become successfull

Yeah! I am agree with you. Every trader must follow above steps to reduce risk and get achieve in their life in Forex. Every trader need to trade continuous way to make Forex simple in their life. I think that every success comes after patience, hard work, plan, strategy and experience. So try to make yourself best for Forex by doing all of those work.

[rubel_r]

At first we need to understand that forex market is so much risky and we should be very careful.If you do not have proper knowledge about the Forex trading you can not achieve the success in the Forex.If you want to work in the Forex trading you need some money which you will invest in the Forex trading to get some benefit.Money management a very important tool,which gives you surety of success

[kmn0011]

Forex trading is a very challenging place i think if you don't know.
So at first you must know about it thoroughly.
You should do first demo trade not less than three month.This is vast thing.
BE careful, don't be greedy and impatience.
Always keep your mind cool and update yourself.
Before trade you should analysis and take low risk low volume trade and concern about pair.
Always find your fault don't repeat it again.

[reshma]

There are many ways to success in the Forex market. If you want to get success in your trading, you must gather a proper knowledge of trading. First of all you start trading with a demo account. Then you try to trade a real account. You must update to all current Forex news for profitable trading. You must have a good trading plan for trading. Also you have a good business strategy for successful trading in Forex.

[Nikhil]

first and last step is learn forex by heart . there is no ending of learning and specially its proven in forex . and everyday we need to learn forex from our trading and if possible write it down if there is some mistake in that days and next day we must have to try not to do same mistake again . if we do such properly then it will be step for success.

[sakib2k9]

Forex trading need lots of discipline and focus to be successful.I have experienced Forex almost one year with big loss and also some success.I have found in Forex three practical steps that will help anybody to achieve success in Forex trading.
First step is to learn the fundamental principle of the Forex market.You should learn from the history that which news cause change the rate of currency and which strengthens the currency rates.When you will understand this fundamental principle then you will also understand technical issue that is nothing but the past market analysis.
Second step is to use a capital that is not small as you may get margin call any time or can't able to trade for low margin.Then you must select a easy platform for trading and in the beginning use only easy indicator in m30 or h-1 chart.
third step is before applying any method or strategy in live trading to test it in risk free demo account.When you will have enough experience with that strategy then apply it in live account.

[zaibi]

Well in my opinion we should do trade with honesty,, give some time in learning first,, get some forex knowledge,, make some good plan,, good trading strategy,,money managment,, trade with an average capital,, dont be greedy,, thats it..

[sajid]

Forex trading can be a profitable business if you can dot it properly.A good strategy plan and a lot patience is needed for forex trading.Bit only that at the beginner level you have to work hard and you should have a proper knowledge about the international market of forex.

[featurelion]

There are many steps to achieve success in forex market and the first step is learning, if a trader learns well then he will not face any problem while doing practice in demo account. Learning gives him better idea of forex business and by this he can able to make a good and strong trading system so learning is the key to success in this market.

[Azeema]

In my opinion passion is important, if we are not doing it honestly and we are not trading with passion then its harder for us, Many trader start trading without confident and passion, if we are doing any business with passion then we can achieve success.

But problem is we don't have patience we don't have time to understand it well, we don't have time to stop doing mistakes and removing our faults because we are busy in targets our profits and we spend all the time thinking about big profits,IF we keep in mind that our success comes from learning then we can't get failure.!

[SajidAli92]

These are the steps which is used to acheive success in this business
1: Do not greed to earn more money
2: Never think that you may become rich man in one night.
3: Use demo account for atlesat five to six months before trading in real this helps you to avoid from big losses
4: Learn forex trading business from some trader expert to earn good profit
5 : Always trade after full market analysis.

[ashifrahaman007]

There are lot of things remain to get the success in forex trading market.first of all a new traders need to learn forex properly gather lot of knowledge about forex market for its trading,need to take advice from expert of forex trading market.trade with low risk and try to avoid the mistake when trading at forex market.thanks.