showrov1993 Posted February 12, 2014 Share Posted February 12, 2014 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???? Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted February 13, 2014 Share Posted February 13, 2014 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 Quote Link to comment Share on other sites More sharing options...
forexlover Posted February 14, 2014 Share Posted February 14, 2014 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. Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted February 14, 2014 Share Posted February 14, 2014 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. Quote Link to comment Share on other sites More sharing options...
Ahmerilyas Posted February 15, 2014 Share Posted February 15, 2014 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. Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted February 15, 2014 Share Posted February 15, 2014 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. Quote Link to comment Share on other sites More sharing options...
Decub Posted February 17, 2014 Share Posted February 17, 2014 @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. Quote Link to comment Share on other sites More sharing options...
tray22 Posted February 21, 2014 Share Posted February 21, 2014 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 Quote Link to comment Share on other sites More sharing options...
Decub Posted March 5, 2014 Share Posted March 5, 2014 @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. Quote Link to comment Share on other sites More sharing options...
Stekin Posted March 15, 2014 Share Posted March 15, 2014 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. Quote Link to comment Share on other sites More sharing options...
kaito kid Posted March 21, 2014 Share Posted March 21, 2014 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 please vote FBS in IAFT awards : link vote Quote Link to comment Share on other sites More sharing options...
tray22 Posted March 24, 2014 Share Posted March 24, 2014 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 Quote Link to comment Share on other sites More sharing options...
waseemilyas Posted March 24, 2014 Share Posted March 24, 2014 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. Quote Link to comment Share on other sites More sharing options...
standart Posted April 3, 2014 Share Posted April 3, 2014 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. Quote Link to comment Share on other sites More sharing options...
rexway Posted April 4, 2014 Share Posted April 4, 2014 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 Quote Link to comment Share on other sites More sharing options...
tray22 Posted April 4, 2014 Share Posted April 4, 2014 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 Quote Link to comment Share on other sites More sharing options...
TenkoFx Posted April 5, 2014 Share Posted April 5, 2014 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 Quote Link to comment Share on other sites More sharing options...
tray22 Posted April 5, 2014 Share Posted April 5, 2014 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 Quote Link to comment Share on other sites More sharing options...
tray22 Posted April 5, 2014 Share Posted April 5, 2014 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 Quote Link to comment Share on other sites More sharing options...
Decub Posted April 6, 2014 Share Posted April 6, 2014 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. Quote Link to comment Share on other sites More sharing options...
Ashley Cole Posted July 3, 2015 Share Posted July 3, 2015 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. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 24, 2015 Share Posted July 24, 2015 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, Quote Link to comment Share on other sites More sharing options...
pepy Posted July 30, 2015 Share Posted July 30, 2015 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. Quote Link to comment Share on other sites More sharing options...
coolit Posted July 31, 2015 Share Posted July 31, 2015 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. Quote Link to comment Share on other sites More sharing options...
myregister Posted March 13, 2016 Share Posted March 13, 2016 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. Quote Link to comment Share on other sites More sharing options...
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