What are the tools of successful trader???

[showrov1993]

I think every successful trader always follow some good indicator. They take daily currency news from different newspaper and website. And they have well idea about money management. It think every kind of knowledge is necessary to be a expert trader.

 

to be a successful trader what is your thinking????

[waseemilyas]

it is tru their is tolls for the forex to get the profit if we get it thenwe can earn more profit in the forex when we do trade these tools is so best that we can earm more and more profit through it but it is not easy to get these tolls in the forex to earn the mooney

[forexlover]

I good trader has a great knowledge of forex. It is not easy to be a successful trader in forex business. it requires more hardwork more attention and more knowledge for it. Only successful traders can earn huge profit from forex business.

[waseemilyas]

dear forex is a good work to earn the profit but it need some knowledge only senior people earn huge profit in the forex.they can earn profit in the forex on the daily base we have to get experience in trade if want to earn in forex. 

[Ahmerilyas]

I think a successful trader have no any greedy mind they are really good person and they just work hard in a legal way many of traders try by in legal method so its not the rules. 

[waseemilyas]

only the knowledge is the best tools in the forex if we want to earn some profit then use your skill in forex trade .if we have good skill in the forex then we can earn huge profit in the trade but we loss our invest if we have not enough good skills in trade.

[Decub]

@waseem, it's not just the knowledge that is required for success here. A trader also needs some virtues that goes beyond knowledge. Patience plays some very great role. Without patience, a trader will more like be trading with a do or die approach.

[tray22]

Succeesful forex trader must ensure that they have proper knowledge and skills on how to deal in the forex trading market this are just the real case over here as for me i think the best thing for you to do if you want to succeed is work hard and that is all

[Decub]

@tray, you are right, it is always the learning which brings the knowledge that matters more. Without having that trading skill and knowledge, the trader has to learn and has to learn well in other to make something good out of Forex. Trading in Forex is not just about opening other or copying or even subscribing to signals, it involves the personal practical trading nurtured by knowledge.

[Stekin]

The person who want to be successful in trading in the forex business should be able to have patience. Without having enough patience to learn how to trade, the trader cannot be able to trade very well in the forex market and cannot be able to make profit from his or her tradings. Patience is a very important thing for any trader.

[kaito kid]

Successful trader methods and tools are many. The most important too as i guess is money management and hard working.Money management is of too importance because without obeying its rule we may face big loss and face the margin calls

 

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[tray22]

Money management is just one of them but good skills and proper knowledge and understanding are some of the factor which the trader need to succeed you need to trade and be overconfident as you will run into loss with this apect

[waseemilyas]

DEAR IN FOREX THE KNOWLEDGE IS THE ONLY SKILL FOR EVERY TRADER BY USING SKILL WE CAN EARN HUGE PROFIT WHICH IS GOOD FOR EVERY PERSON THAT HE CAN RECIVE THE PROFIT IN FOREX.WE HAVE TO GAIN KNOWLEDGE IF WE WANT TO EARN IN FOREX ,FIRST WE HAVE TO LEARN THE FOREX THEN WE CAN TRADE SO THAT WE CAN GET PROFIT IN FOREX.

[standart]

indicators, news and economic data is traders tools to analyze the circumstance of market. if traders has good understanding how to read the data to produce good trading decision, majority trades will end up with profit. but if traders lack knowledge to use analysis data or material, they'll unable to generate good decision in trading.

[rexway]

Any forex trader must always be ready to work very hard and the tools which forex traders need is nothing but indicators and good forex trading system.

Yes that is very true you must always have indicator and learn more about how to use it to succeed

[tray22]

Yes the tools which the forex trader need to succeed is nothing but indicator but as per this they must also work hard just to gain the desire amount of knowledge and improve his skills in so many ways

[TenkoFx]

In order to be a successful trader you must first study the market very good and then start analyzing her on it whatever you want, whether technical analysis or fundamental then start operations with a low profit margin on each transaction

[tray22]

Yes that is very true learning is the first thing which all the traders need because from what I see if you learn forex trading very well you get alot of advantages and knowledge and skills are the things which you also need

[tray22]

Yes that is very true learning is the first thing which all the traders need because from what I see if you learn forex trading very well you get alot of advantages and knowledge and skills are the things which you also need

[Decub]

Also determination is such an important tool for any trader that wants to be successful. Trading in Forex requires the trader to be persevering in other to understand how to trade. There is hardly a way a trader can come out successful when he lacks the zeal to keep pushing hard. It is not easy to make money in Forex and it is that which the trader must also consider.

[Ashley Cole]

I won’t claim to be any expert or too highly successful, but one thing is definitely sure that I am making good profits consistently and in my tool kit there is nothing too great, but all simple stuff like few indicators which include MA and Bollinger band, it is really helpful to have these tool to work with. 

 

The biggest tool for me is by broker OctaFX, it gives me license to trade with great freedom having low spread of 0.2 pips for all major pairs while their customer service too is quite great with having many platform to contact them like having live chat, call back facility, email support and many ways including social sites, so it’s awesome to be with such company.

[myregister]

First a good mental for trading, this is useful for now and in future. Second, they need some bucks in their account, you can't trade without money isn't it?. Third, they have a set of experience or at least nice confidence but not overconfident about their skill and market condition. Fourth, They either using technical or fundamental analysis, Fifth, they always able to manage the risk by using a strict rules from their own risk management,

[pepy]

Trading client for sure, what do you need aside from that? That is really important without that we cannot trade in forex and it means that we cannot make profit from it. After that there are confidence, experience and our own skills that support us later.

[coolit]

A successful trader is that who chooses a trusted broker because you will not be getting good results in your broker is not a good one. Then you need practice, fast execution of orders and proper money management to take your trading at higher levels.

[myregister]

Take coolit post's part, i think it is a trusted broker too and then your platform, use a platform that could help you to achieve optimal trading, in my end i use metatrader 4 but if you prefer ECN then try Java Based Platform or proprietary platform that owned by your broker, and the last two are a profitble strategy and a good risk management.