smithlover84 Posted January 11, 2011 Share Posted January 11, 2011 Tip #1 - Make sure you identify your financial goals for trading in currencies. Do you have a daily or yearly goal you hope to achieve? Write it down and focus on achieving it. If you're brand new to trading in Forex and currencies then don't be overly ambitious and stay realistic, but don't be afraid to go outside of your comfort zone a bit either. Tip #2 - Educate yourself as much as possible on how the markets work. There is a relatively large learning curve for Forex and currency trading so knowing the ins and outs is vital to being successful. Don't go in over your head before you get a chance to learn the basics and even some intermediate level strategies. This will save you a lot of headache and stress in the long run. Tip #3 - Make a commitment to becoming profitable. Trading in currencies isn't for the timid or weak hearted and if you don't have the commitment to stick with it until you're successful you'll get trampled. Since trading in Forex markets for a gain is a competitive and often frustrating experience at first many people just give up. If you do this you'll fail and never become profitable but if you refuse to give up you can only succeed. Quote Link to comment Share on other sites More sharing options...
mohamedA Posted February 19, 2011 Share Posted February 19, 2011 What you have say is the basic techniques for any newbie , we should always choose a goal to reach , what we looking or , what we want and in any situation we are ? We should learn by our self to control ourself and to know when we stop profits and when trade and how to trade . I advice any one to read and read e-book and ask always professional and try to get the maximum information from them and if it's possible share your experience or your idea with them . Quote Link to comment Share on other sites More sharing options...
senger Posted December 6, 2011 Share Posted December 6, 2011 I think the most important element for success in Forex is to rely on good money management and maintenance of entry and exit points Quote Link to comment Share on other sites More sharing options...
flybiz08 Posted March 29, 2012 Share Posted March 29, 2012 I will take the education aspect of forex trading. This is particularly important with the new forex traders. New forex traders should properly educate themselves before starting off with the live accounts. Forex is a serious business and if a trader does not see it this way, then then potential for losses will be magnified. Quote Link to comment Share on other sites More sharing options...
Tariq777 Posted June 12, 2012 Share Posted June 12, 2012 Nice tips you got there, I'll make sure that I make use of them in my next trade I make Quote Link to comment Share on other sites More sharing options...
euro Posted October 2, 2013 Share Posted October 2, 2013 My tips are to do long term trading since its easier to make profit like several hours is better than several minutes. You can have more profit and less risk with volatility and always trade during market hours and do not do it during off business hours as there is less trends or movement to trade. Always use stop loss and control your money and loss. Quote Link to comment Share on other sites More sharing options...
gaban Posted October 3, 2013 Share Posted October 3, 2013 Thanks for the advice. Good advice. with this suggestion, we could do a better trading. But this will not be useful if we are not disciplined. Discipline is the key to success in forex. With discipline, we can minimize the risk. Quote Link to comment Share on other sites More sharing options...
savehouse Posted October 5, 2013 Share Posted October 5, 2013 the best advise for anybody willing to make profit from trading Forex,is for the trader to be patient and study the pair very well before trading it one our real account,if one is having proper understanding on any pair traded,to make profit from trading the pair will be easy because one will understand the fundamental part of the pair. Quote Link to comment Share on other sites More sharing options...
euro Posted October 8, 2013 Share Posted October 8, 2013 the best advise for anybody willing to make profit from trading Forex,is for the trader to be patient and study the pair very well before trading it one our real account,if one is having proper understanding on any pair traded,to make profit from trading the pair will be easy because one will understand the fundamental part of the pair. Knowledge is the building block of success in forex. Without it, you are just gambling and throwing money away. The strategy can be simple so why not learn some good strategy and don't gamble with your money. One good strategy is to do long term trading or at least one day worth of trading and not two minutes. It absorbs more risks that way and it is more certain and more profitable. If you buy it low, it will go up and it has no where to go but up during business hours so you make money. Quote Link to comment Share on other sites More sharing options...
davils9 Posted November 10, 2013 Share Posted November 10, 2013 Forex market is most important all over the world and every man can join here from many other place of the world. So I hope it is a good opportunity for the all man of the world and they can make unlimited money from here. Quote Link to comment Share on other sites More sharing options...
davils9 Posted December 6, 2013 Share Posted December 6, 2013 I am a new trader now. But I think to be success in forex market it is most important to be honest and hard worker person and leave our greed and then increase our knowledge about forex is most important. Quote Link to comment Share on other sites More sharing options...
davils9 Posted December 6, 2013 Share Posted December 6, 2013 Please leave your greed it you want to be a good trader and if you want to make more and more money from here it will be better for you. So you can be make more and more money from here. Quote Link to comment Share on other sites More sharing options...
Decub Posted January 16, 2014 Share Posted January 16, 2014 They are quite some good outline that can make a trader gain success in Forex. I really like the idea or concept of educating yourself WELL enough to trade in Forex. This is where most people get it wrong. Partial or half baked knowledge is as dangerous as not knowing it at all because it only makes you trade blindly and without focus. Quote Link to comment Share on other sites More sharing options...
standart Posted January 19, 2014 Share Posted January 19, 2014 important steps need to take is learning. no traders able to achieve success level if they are doesn't take learning. knowledge and skills improve because traders take learning and observe the market. for traders who willing to succeed and focus in learning since beginning, have chance to achieve profitable level faster. Quote Link to comment Share on other sites More sharing options...
Stekin Posted April 27, 2014 Share Posted April 27, 2014 The trader that wants to trade in the forex business will have to trade without emotion. It is emotional trading that leads some of the traders into losing their trade. So therefore, for a trader to be able to make good profit from trading in the forex market, they should learn how to trade without emotion. Quote Link to comment Share on other sites More sharing options...
Decub Posted April 27, 2014 Share Posted April 27, 2014 Forex also requires consistency. It is when a trader is consistent that he can understand the market better. Trading in Forex requires a good knowledge of it and a firm approach to it too. You don't really choose to make profit because every other person is making profit but it comes as a result of your own hard work. Quote Link to comment Share on other sites More sharing options...
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