Thread: The Most Successful Way to Trade FOREX

There are as many successful strategies for trading the foreign currency exchange (Forex) market as there are successful traders. Most traders ultimately devise a personal style of trading that borrows from several basic or well-known strategies. To be profitable as a novice, however, you must use the most successful way to trade Forex that doesn't require years of experience. A particularly simple but low-risk and high-reward strategy is "trend trading."

Don't believe that the more you trade, the more profitable you become.
Many traders wrongly think it is commission free to trade Forex and don't realize the costs involved in term of the spreads the broker charges. You are already disadvantaged by a few pips whenever you trade and you need to win consistently and sufficiently to cover these transaction costs to become profitable in Forex trading.

Originally Posted by Shawn100

Don't believe that the more you trade, the more profitable you become.
Many traders wrongly think it is commission free to trade Forex and don't realize the costs involved in term of the spreads the broker charges. You are already disadvantaged by a few pips whenever you trade and you need to win consistently and sufficiently to cover these transaction costs to become profitable in Forex trading.

Yes, and that's why trader also like to trading using broker which provide low spread. I also get it in TenkoFx. But if we want to get more maximal result, we must try to improve our trading skills. We must learn and fix our mistake. Because it's the key for us to get better in forex trading


Be more than a trader, be a TenkoTrader

Originally Posted by shere0901

There are as many successful strategies for trading the foreign currency exchange (Forex) market as there are successful traders. Most traders ultimately devise a personal style of trading that borrows from several basic or well-known strategies. To be profitable as a novice, however, you must use the most successful way to trade Forex that doesn't require years of experience. A particularly simple but low-risk and high-reward strategy is "trend trading."

Following trend is good way to trade as you risk little, although it might sometime backfire , but then its forex you have to be ready for such kind of move in the market.

The first thing you need to understand is that trading is a discipline. It is a long-term game of probabilities, you will win some trades, you will lose on some trades, but as long as you a disciplined enough to stick to your trading strategy, to not be emotionally attached to your losses, or worse your wins, you will tend to make more winning trades than losing trades and nett a profit.

yes, trading discipline is a factor determining the success or failure of our forex trading. disipin if we do not then we will experience many losses. we need to exercise discipline to trading on a demo account

In order to reach the level of trading profitably and consistently, you have to build the abilities and skill sets necessary to get there. It sounds obvious, almost easy when you hear it, but it is nothing of the sort. It is one of the most elusive aspects of the trading mindset which new traders fail to understand. Now I am trying to improve the skills I have in ExoFX regulated by the FCA by using a demo account and plans to open a real account

In my view been most successful is simply by been discipline, it will help us a lot in making decision and when we have made correct decisions that will automatically provide good results, I trade with OctaFX broker and I don’t need any company is more discipline then them and working with them automatically brings a lot to us and give great chance to enhance money making because their solid conditions with low spread of 0.2 pips, high leverage up to 1.500 and a lot more!

Originally Posted by Babu Meman

In my view been most successful is simply by been discipline, it will help us a lot in making decision and when we have made correct decisions that will automatically provide good results, I trade with OctaFX broker and I don’t need any company is more discipline then them and working with them automatically brings a lot to us and give great chance to enhance money making because their solid conditions with low spread of 0.2 pips, high leverage up to 1.500 and a lot more!

We will get maximal profit if we want to improve our trading skills. Keep discipline if we want to earn more maximal profit. Leverage, spread, trading condition in a broker must be maximized.

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

Originally Posted by CahCuncun

We will get maximal profit if we want to improve our trading skills. Keep discipline if we want to earn more maximal profit. Leverage, spread, trading condition in a broker must be maximized.

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

yes, we will be a successful trader if we continue to improve the ability of good trading. because forex is high risk, with the risk that it is to succeed in this business, we need to learn and practice many trading well