Forex is a very lucrative business ventures but the traders needs to be extra careful while trading forex because it is a high risk investment. To be a forex trader, you need to equipped yourself with professional skills, experience and knowledge in forex trading or else your investments may went down the drain. More so, if you have unlined health challenges like hypertension, please don't go into forex in order to avoid heart attack that can lead to untimely death. Above all, forex is sweet and lucrative when you really understand how the trading works. I as a person, am still searching for more knowledge before going into it.
How to become a successful forex trader.
- Thread starter eojo2401
- Start date
marcusfe
Active member
There is absolutely no shortcut to becoming successful in forex trading than to acquire the knowledge. It is totally not advisable for anyone to venture into forex real life trading without have proper knowledge of it. Forex trading is a skill on its own and anyone who what to be successful in it must take it so serious as someone who is studying a course in school.
Chibson
VIP Contributor
Forex trading is of no doubt a lucrative business but at the same time a very risky business. There are some people who make a lot of money from forex trading and there are also people who have lost huge amount of money from forex trading. It takes an expert and also someone who has gone into different experiences to make real money from this business.
D
Deleted member 27126
Guest
If there is any strategy or technique that works very well for someone who is going into Forex trading for the first time, it is nothing more than learning and learning it. Forex is a very complex business and everyone who desires to successfully trade it and make good money must be ready to learn it. The success strategy is to get someone who understands it, learn from him and always study your favorite currency pairs very well.
Forex is not a very good thing to engage into if you not very good. The thing is, for you to make money or be successful trading forex, then you have to know everything about forex. You have to have read a lot of books and ebooks written by experienced traders. You have to be able to know when the market is moving in a bullish direction or bearish direction. All this isn't easy to do. But it's achievable
Georgeadawara
Active member
To be a successful forex trader is just to be focus. They are many ways to get use of it the way ar you need to havea tutorial classes for the forex class the forex trading need someone that has an experience to choch you though it. The forex trading is a trading that is an international marketers which any body that want to be in it he or she should be an well focus and a person with goals.
One can be successful in forex trading as long as you understands the market and be able to follow the indicators closely. It is a lucrative business to make money. If you trade in forex you need to be careful to select a legit broker and know the language it is used also follow the news rhat always pop into your message box.
olubenson
New member
Anyone can become successful in Forex trading, only if they lay down good rules to follow when executing trades, and also depending on their technical approach to trade executions , Understanding the technique of strength and weakness in currency trading. Even though there are lot more things that is required for one to be a successful FX trader.
Ithedicious
Valued Contributor
The most important thing you must put into consideration when thinking of succeeding in trading a forex market is just discipline and willingness to learn . Every upcoming trader must understand that trading of volatile market is not a get-rich-quick scheme and it's something you have to spend a lot of your time before you can master it perfectly.
There are so many experts that can also help you make the right decision and give you some training on how you can make money as a forex trader . you must follow them . We have so many of them at least to get all the necessary knowledge and understanding you will need.
For me personally , I am also interested to trade forex market but at the same time I am still following up some experts. when I have the required capital I will go into a full-time training.
There are so many experts that can also help you make the right decision and give you some training on how you can make money as a forex trader . you must follow them . We have so many of them at least to get all the necessary knowledge and understanding you will need.
For me personally , I am also interested to trade forex market but at the same time I am still following up some experts. when I have the required capital I will go into a full-time training.
Chockcroal
New member
Becoming a successful forex trader is no easy feat because it requires a lot of determination and focus. You should have a good trading plan and goal in mind. Besides that, your skills will determine the rest of your journey. So, make sure you give time to learning.
You get success in forex only when you have the relevant knowledge and skills. You must enter the market with a clearly defined strategy and risk management plan. Being analytic and logical is a requirement and we must avoid emotional trading at all costs. Patience and discipline is what leads you to success in the long run.
To be a successful forex trader is not a tale’s tell. Only after gaining proper knowledge about the forex market and its trading skills, when one stays consistently focused and dedicated in trading forex for years, that is how they become profitable. Money doens’t come fast and easy. You have to toil for it.
Gastrolatry
New member
You can be a successful trader by following these tips:
1. Have a clear investment strategy.
2. Stay disciplined and stick to your strategy.
3. Be patient and don't try to force trades.
4. Be aware of the risks involved in trading.
5. Manage your emotions
6. Have realistic expectations and don't try to make too much money too quickly.
1. Have a clear investment strategy.
2. Stay disciplined and stick to your strategy.
3. Be patient and don't try to force trades.
4. Be aware of the risks involved in trading.
5. Manage your emotions
6. Have realistic expectations and don't try to make too much money too quickly.
Jack Reacher
Verified member
Psychology plays a vital role in trading so it should be trading-genial. If a trader’s psychology isn’t that much strong, he can’t sustain any loss. Besides developing psychology, a person should pose the quality of analyzing the market. I get monthly free webinars facility from regulated broker Eurotrader! It helps me a lot to grow my mental strength!
To be a good forex trader, you must have discipline, market knowledge, and the ability to trade the suitable currency pairings based on your daily availability. To become a successful trader, I believe you should study more, conduct extensive research, and be adaptable to changes, as this will widen your grasp of trading and earning from the market. That, in my opinion, is the first and most important thing to remember.
GorillaOcean
New member
You cannot expect to become a successful forex trader in a day or two. It surely takes time and effort for a beginner to become knowledgeable and skilled enough to make profits from trading. One should try to take one step at a time instead of trying to take a huge leap. Being patient and disciplined will surely lead you to success sooner or later.
