How to develop your Forex trading skills?

[Akshay]

You can develop your trading skill only by practicing more and more.when you are exposed to the forex market in different situations you will start getting experience and that will help to increase your skills.Also try to implement your learning that you get from the various books in the charts so that it can nourish your trading skills.

[shiz]

for developing the trading skills it is required by the forex traders to do more and more practice of trading which will help them in enhancing their skills as well as their knowledge which will help them in good decision making by means of doing an indepth analysis of the forex market. beside doing practice traders should try to build their knowledge by using different forex websites and training videos.

[lastnet]

there we do not need to exercise to feel fear losses if the money in the demo account because it is not my money we really are, but there's also got a lot of knowledge, we can asked the senior Forex knowledge about science or knowledge in Forex you will start getting experience and that will help to increase your skills.Also try to implement your learning that you get from the various books in the charts

[Nilsagor]

You are right, all the mentioned tips are very important for developing forex trading skills. Specially I am giving importance on learning forex properly. We can consider study as our one type of investment in forex. Forex is a wide-range trading place and we need to become wider in skill and knowledge to get profit from forex trade. Without study we cannot able to gather required experience and skill, so we need to study forex. The time we waste for studying is not valueless, one day we can get its return with interest.

[HIFTAR]

I think if you want to develop your skills,you must communicate with any experience trader. And You need to work hard to develop in forex trading studying lots of articles daily. you are instructed on how to do it but you can never know whether you are good to drive except you practice yourself and be guided while practicing.

[ashvini]

@Hiftar,

If the trader can get in touch with the much experienced trader then it eliminates the need for searching online. Thus, the traders can get their doubts cleared handy, provided the trader suggesting really has some good experience in the forex market and is a successful profitable trader. This is added advantage for new traders.


We can interact in forex forums and find such useful traders who can help other new traders. Now that we know the mistakes which shouldn't be done for effective trading, traders should strictly avoid making such mistakes while trading in the forex market so that they can develop their skills to become profitable trader.

[Tanvir]

To get success you must need to develop your Forex trading skills. There are many ways that can help you to develop your trading skills. You can learn more about it, use demo account and practice more and more, analyze this market and always keep patience. That’s how you develop trading skills.

[lastnet]

you can do several things like you can go for demo trading which is a main platform to gain some great practical knowledge as well as some great skills of forex trading, most of the traders always use it for gaining knowledge also you get from the various books in the charts so that it can nourish your trading skills.

[lastnet]

to gain some great practical knowledge as well as some great skills of forex trading, most of the traders always use it for gaining knowledge, experience and skills You can develop your trading skill only by practicing more and more.when you are exposed to the forex market in different situations you will start getting experience and that will help to increase your skills

[typer786]

i think we can develop our forex trading skills by more practice of forex trading business and how much practice we do in forex trading business o i think we can get more skills and knowledge of forex and our experience of forex trading is also increase by practice

[Loki]

i think we can develop our forex trading skills by more practice of forex trading business and how much practice we do in forex trading business o i think we can get more skills and knowledge of forex and our experience of forex trading is also increase by practice

Yes but I think we need to more spesific about forex trading practice, I think that we need to maintain our money management first before we learn about trading strategies, since money management is very important to keep our trading account

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Yes agree but I think we need to more spesific about forex trading practice, I think that we need to maintain our money management first before we learn about trading strategies, since money management is very important to keep our trading account

[HansipFX]

For me to develop trade skills, is an experience of your losses trades. Should you consider all that you experience as a valuable lesson. Many people believe that the best teacher is their bad experiences, from that we can identify the weaknesses and mistakes of yourself, automatically we must learn to can developing our trading skills.

[Loki]

For me to develop trade skills, is an experience of your losses trades. Should you consider all that you experience as a valuable lesson. Many people believe that the best teacher is their bad experiences, from that we can identify the weaknesses and mistakes of yourself, automatically we must learn to can developing our trading skills.

Yes you are right, but I hope we didn't get so much bad expericces in this bussiness since its means we lost so much money. But you are right that we need to see deeper when we got bad luck, we need to improve our trading abilities like using proper money management to keep our trading account healthy

[TalhaDX]

You will be requiring more practicing on DEMO account to gain practice and confidence in your trades. Once you feel that you are in right frame of mind and have improve skills than you can trade in real account and gain profit as well. It is important that you use fundamental and technical analysis to improve your skills as well.

[vic3]

In my opinion, have a lot of practice on a demo account. Read a lot of books from authors whose trading has an awesome record trading. Join in the forums as well be one of the places to learn. Make a rule for yourself that you will obey. Learning to execute a position based analysis is not based on feelings. This will help you progress to become a successful trader.