smithlover84 Posted January 11, 2011 Share Posted January 11, 2011 Many people who claim they know Forex secrets but the fact is 95% of traders lose and the real secret of success is very simple and enclosed in this post in fact, you you can see its correct by the Forex fact enclosed. The reality is that since Forex trading began over 90% of traders lose money and this is despite all the advances we have seen in trading news and trading technology. But why are people still losing in this tradee? This is due to the nature of man. While it is fashionable to think you can beat the markets with technology it remains a fact that simple Forex trading systems work best and always will, because they are more robust than complex ones. The Forex trading is really simple and anyone can learn a simple method which can make money but the real secret of success is learning how to apply a system with discipline. Another secret of success for any trader is within and it's adopting a mindset which is disciplined and can keep losses small. In Forex trading, the market doesn't beat the trader, the trader beats himself by allowing his emotions to get involved. You can get a disciplined mindset and it comes from leaving your ego out of your trading and taking your losses then, having the confidence to run your profits and not bank them to early. So there you have the secret of success, there is no way to beat the market but you can win, because the secret of Forex trading success lies within you. Quote Link to comment Share on other sites More sharing options...
sirwilly Posted February 21, 2011 Share Posted February 21, 2011 I agree with your point on discipline. After we have planned our trade, there comes another challenge which is to trade the plan. Many tarders fall victim and trade a different plan because they run into what seems like a good or bright opportunity. Quote Link to comment Share on other sites More sharing options...
chuna1985 Posted March 29, 2011 Share Posted March 29, 2011 I completely agree with you n the aspect of discipline, forex trading toils with our emotions to force us to make mistakes that are unnecessary, but if a trader is well disciplined, they will stand their ground and make competent decisions in their trades. Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 No secret of a unified for-profit, but there are some roads that lead to profit from this market, such as credit my love of some of the technical indicators Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 29, 2012 Share Posted March 29, 2012 Discipline is vital to every trader's success. It is discipline that makes a trader stick to the trading plan and it is also discipline that makes a trader not be distracted and implement the trading plan. Discipline will also make a trader to stick to the risk management Quote Link to comment Share on other sites More sharing options...
famouspublisher Posted June 3, 2012 Share Posted June 3, 2012 Many people who claim they know Forex secrets but the fact is 95% of traders lose and the real secret of success is very simple and enclosed in this post in fact, you you can see its correct by the Forex fact enclosed. The reality is that since Forex trading began over 90% of traders lose money and this is despite all the advances we have seen in trading news and trading technology. But why are people still losing in this tradee? This is due to the nature of man. While it is fashionable to think you can beat the markets with technology it remains a fact that simple Forex trading systems work best and always will, because they are more robust than complex ones. The Forex trading is really simple and anyone can learn a simple method which can make money but the real secret of success is learning how to apply a system with discipline. Another secret of success for any trader is within and it's adopting a mindset which is disciplined and can keep losses small. In Forex trading, the market doesn't beat the trader, the trader beats himself by allowing his emotions to get involved. You can get a disciplined mindset and it comes from leaving your ego out of your trading and taking your losses then, having the confidence to run your profits and not bank them to early. So there you have the secret of success, there is no way to beat the market but you can win, because the secret of Forex trading success lies within you. I also agree with you and Currency dealing 'Day Dealing' is the most successful and eye-catching financial commitment chance because you can do it from home and from any nation in the world.The more secrets you know the more cash you will earn. Quote Link to comment Share on other sites More sharing options...
famouspublisher Posted June 4, 2012 Share Posted June 4, 2012 The “secret” is to be regimented. This implies having the self self-discipline to STICK TO THE PLAN. There is a superb saying in dealing. Strategy the business and business the plan. If you have a successful program, create sure that you have the self-discipline to keep to the guidelines exactly. Quote Link to comment Share on other sites More sharing options...
Tariq777 Posted June 12, 2012 Share Posted June 12, 2012 I dont agree with any secrets in forex trading, all you need is hard work and determination of making money, you will make it I bet. Quote Link to comment Share on other sites More sharing options...
ganthiraj Posted June 25, 2012 Share Posted June 25, 2012 Successful Forex trading skills are not too different than any other trading skills. They are, in this order; 1. Psychology (yours and the markets). 2. Trading money management (risk control). 3. Technical &/or Fundamental Analysis skills. There are many books that will answer your question in depth. They are interviews of already successful traders; Millionaire Traders, Kathy Lein and Boris Schlossberg Market Wizards, Jack Schwager (are two among the best to start with) Quote Link to comment Share on other sites More sharing options...
rexway Posted June 28, 2012 Share Posted June 28, 2012 The only secret I ever see in forex trading is the secrete to learn and receiving proper training which I beleiv is the only sucess to forex trading but this kind sucess require that you put in all your effort to make sure that you learn and understand what forex trading is all about and to allso keep your eye on so many others opportunity which my come up in the future Quote Link to comment Share on other sites More sharing options...
lanretuase Posted August 19, 2012 Share Posted August 19, 2012 All successful traders have Forex trading strategies that they follow to make profitable trades. These Forex trading strategies are generally based on a strategy that allows them to find good trades. And the strategy is based on some form of market analysis. Successful traders need some ways to interpret and even predict the movements of the market. There are two basic approaches to analyzing the movements of the Forex market. These are Technical Analysis and Fundamental Analysis. However, technical analysis is much more likely to be used by traders. Still, it's good to have an understanding of both types of analysis, so that you can decide which type would work best for your Forex trading strategies. Quote Link to comment Share on other sites More sharing options...
hardworks Posted August 23, 2012 Share Posted August 23, 2012 According to my personal experience. the secrets that i learned are, › Discipline in following our own set of rules › Control of fear and emotions › Know when to trade and when not to trade › Get adapted in reading charts Quote Link to comment Share on other sites More sharing options...
tirus Posted August 27, 2012 Share Posted August 27, 2012 Discipline is quite important indeed. We take the time to learn forex and put a lot of practice in the demo account as well. Many traders have a problem with implementing what they have learnt when they are actually trading and stick to their game plan or strategy without distractions. Quote Link to comment Share on other sites More sharing options...
nullahfx Posted September 4, 2012 Share Posted September 4, 2012 Please,try read success secret from the winner demo contest from my broker if you wanna know secret to be successful trader. Quote Link to comment Share on other sites More sharing options...
profitfx Posted September 4, 2012 Share Posted September 4, 2012 Discipline is quite important indeed. We take the time to learn forex and put a lot of practice in the demo account as well. Many traders have a problem with implementing what they have learnt when they are actually trading and stick to their game plan or strategy without distractions. yes the discipline is indeed important. But most in we don't comply it. even as we are reminded . Maybe our cupidity do us to break discipline when we want to trade Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 7, 2012 Share Posted September 7, 2012 Well my secret to successful trading is simple. I am usually a trend follower but only when he technical and fundamental indicators are not against me. For my trades to stay safe, I also place a tight SL which helps me to avoid greater losses in case of trend reversals or massive news effects. Quote Link to comment Share on other sites More sharing options...
fari Posted September 7, 2012 Share Posted September 7, 2012 you need to be patient, emotionally string, disciplined and hard working to make it in this job.there is no other secret of success of this job. Quote Link to comment Share on other sites More sharing options...
standart Posted September 24, 2012 Share Posted September 24, 2012 focus in learning and practice needed at beginning because the traders status is still beginner. but after have proper knowledge and experience, important to traders have a good trading method as soon as possible. and then, by discipline with their good trading system, traders will be know that they on right path. Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 16, 2012 Share Posted October 16, 2012 indeed all with a focus on trade is also the practice of the material will make us quickly understand how to make a good trade, and with it we are also quick to be able to cultivate a profitable trading system for us and we also need to have perseverance and commitment in carrying case said Quote Link to comment Share on other sites More sharing options...
arsii619 Posted October 24, 2012 Share Posted October 24, 2012 Self-discipline is important to every trader's success. It is discipline that creates a investor adhere to the software system and it is also discipline that creates a investor not be preoccupied and apply the software system. Self-discipline will also make a investor to adhere to the danger control Quote Link to comment Share on other sites More sharing options...
rizal83 Posted October 26, 2012 Share Posted October 26, 2012 indeed discipline is the key to get success in all areas of life due to the discipline of what we have to apply and can be an advantage for us will be very organized to be run, without a discipline whatever we have planned will not be able to walk properly due to we always break what we have planned to make a profit Quote Link to comment Share on other sites More sharing options...
rexway Posted November 10, 2012 Share Posted November 10, 2012 That is really correct decipline is one of the thing that matters alot in forex trading and i dont play with it in forex when i ever i want to trade I will just look into my strategy and confirm the action before enter into the market. Quote Link to comment Share on other sites More sharing options...
luke1 Posted November 16, 2012 Share Posted November 16, 2012 It is not as easy as we think here to be success in the forex trading. Not as simple as we can write here. Specially when we are on the floating position, then everything written here will be like a chaotic thing. Forex also needs experience for each trader to know about the market situation Quote Link to comment Share on other sites More sharing options...
chintu Posted November 18, 2012 Share Posted November 18, 2012 In my opinion the screct to forex trading is good practice ... Yes good practice that is very important secret by which you can become an expert trader with in a short period of time . and a expert trader can have a good understanding about the market and will make all strategies to make work with demo accounts and if they are working find will be implementing on real accounts . Quote Link to comment Share on other sites More sharing options...
tirus Posted November 20, 2012 Share Posted November 20, 2012 I would not exactly say that you will become an expert in a short period of time but the practice that you are getting from forex trading is bound to give you more experience to handle yourself better and make much better trading decisions. This is because you have already gone through the situations before and have learnt what to do and what not to do to get more profits than losses. Quote Link to comment Share on other sites More sharing options...
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