Trading Discussion How to become a successful forex trader

[Phabbyfundz]

— Be careful with figures that looks too positive; A positive profit margin does not always point to a lasting success, so it is important to investigate how well the broker or trader managed over a longer time frame. Test first with a virtual trading account.
— Allocate a maximum of 20% per trade; it is wise not to put all your money in one trade. Try to diversify risks by only trading 5 to 20% of your total deposit.
— Talk with a professional; try to start a conversation with an experienced trader, either online or in person. Ask what amount they recommend for you to copy their trade, what stop loss they recommend, and any other question you may have, with over 3 million users worldwide you may find that your neighbor is one hell of a trader and later go out for a drink to discuss future investment option.

 

[Benfinlayson888]

Definitely consult a professional and learn as much as you can about the markets and signals before jumping straight in. I would suggest when you start off and you get the hang of it limit yourself to using only 10% of your maximum capital per trade.
Forex trading can earn you a hell of a lot of money fast but can also take away all your money just as fast.

 

[The marketerrrr]

Umm to be honest I don't know haha..

 

[Khaled Abdennour]

Umm to be honest I don't know haha..

bruh .... do what the professionals do... I have made connections with some of them and they are all suggesting the same course ... good knowledge and clear strategies

 

[Setho]

I would also like to add that anybody that wants to be successful forex trader should have a very good knowledge about risk management and should also enforce it. You should not enter a trade without validating your entry triggers and also setting a very realistic invalidation points to pull out.

 

[Wisdom01]

Ti become a sucessful trader ,I think most times you need to read more ,make proper research and learn from mentor's , because it will broaden your knowledge when it comes to trading and making gains from the market I think ,that's the first basics you really need to note

 

[Ithedicious]

For people to be a successful trader , understanding is one of the most important thing they must try to seek before trading the markets because without understanding it will be very difficult for you to make any progress if you are interested to trade the volatile firex market .

Apart from the fact that you need to really understand more on technical and fundamental analysis , risk management is also very important you must definitely know the right lot size you must use depending on your trading capital and so on to avoid blowing off your account ..

And also , as a trader you are definitely trading A volatile market and as a result you must be willing to learn from every mistake you are doing. This will help you become more successful because as the learning process continue you are getting more knowledge and experience that will help you avoid same errors next time.

 

[Ivo Zetticci]

FXOpulence uses advanced technology. They make sure instant trading support to traders whenever necessary. It’s a reliable broker for scalpers because they offer not only reliable platforms but also advanced trading technology.

 

[FXOchartist]

How to achieve a success in many field businessess need hard work and keep struggle never give up, in addition forex trading including high risk high gain business, finding profitable strategy depends on each trader experience, knowledge and also psychology trading highly role to achieved success in forex, Professional traders they have strong mentality and also a good knowledge in financial market, not only investing on one type business. If you still beginners in forex start trading free without any risk using demo ECN FXOpen.

 

[Mary Frederick]

We all want to be successful in trading but we can’t actually just because we are both technically and fundamentally backdated. So, we have to increase both of our fundamental and technical skill.

 

[JasonCherry]

I would like to know some tricks) because I can’t get enough with forex trading )