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  1. #1
    Senior Member shere0901's Avatar
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    Default These things need to become the successful trader in the forex

    If you want to become in the forex trading then you need to focus and be master in following points -
    1) Trading System
    2) Trading system
    3) Money management

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    there are many things that you can add like self control, multiple trading strategies, learn from mistakes etc....

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    Investor CahCuncun's Avatar
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    Do not forget that we must have good psychology if we want to get maximal profit here. Trading System, Trading strategy, Money management will be useless if we can not maximize it as well as possible, and it influenced by psychology.

    "Invite your friend, get $10 and win $5,000"

  5. #4
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    Also do not forget to having good skills to trade in Forex successfully. So we should learn about Forex and then go to trade.

  6. #5
    Senior Investor Uncle Gober's Avatar
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    At first we need huge knowledge about this market. Because only knowledge can create patience and experience. So it is our duty to work hard for learning about this market. There are some basic points which when followed will lead to be a successful trader:

    1. First learn about Forex trading from any good E books. Many are available for FREE.
    2. Then understand the real trading using a Demo account for 1 month.
    3. Now make sure you are aware of the financial news.
    4. Focus on one currency pair.
    5. Start with small capital.
    6. Develop a long term sustainable strategy.


    With time and qualities you will be able to make profitable trades and thenbe on your path to become a successful trader.

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    I believe we should just keep it simple and that’s all that is required in trading to become successful, if we try too much then we will only lose out heavily. At the moment I am getting everything worked very easily with having highly rated broker like OctaFX, it has low spread of 0.2 pips for all majors, so that helps me a lot and allows me to trade easily without having to face much difficulty at all even in the toughest situation.

  8. #7
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    Choose your broker carefully.

    While this point is often neglected by beginners, it is impossible to overemphasize the importance of the choice of broker. That a fake or unreliable broker invalidates all the gains acquired through hard work and study is obvious. But it is equally important that your expertise level and trading goals match the details of the offer made by the broker. Does the trading software suit your expectations? How efficient is customer service? All these must be carefully scrutinized before even beginning to consider the intricacies of trading itself.I analysed all these things and after researching online a lot, found Alpari best in all the services.Happily trading under them now:)

  9. #8
    Senior Investor Rahul247's Avatar
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    I agree with the fact that selection of a Broker is really Important factor so you need to take care of that.My suggestion would be FBS Markets.

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    There are many things we need more apart from these 3 factors, I do agree that having plans is most vital aspect of trading while money management is to cover any errors yet to make this possible the obvious parts must be correct and those are knowledge experience. If we don’t have high level of education or experience then we are going to struggle. I am working with OctaFX broker where everything is easier to do with high level of support which includes 50% bonus on deposit, it’s use able which really allows me to use it easily and even this bonus is available to be used and that’s why I love to work with them which always leads to success.

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    I am doing Binary Option trading and if we want to succeed there then we need to follow these things there as well. I am following very tight money management because that’s how we can overcome losses and continue the victory march, I am lucky that I work with FMbinary.com broker which helps me with money management thanks to their bonus on deposit which goes up to 100%, it’s really awesome and helps me work very smoothly in any situation.

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