Key to forex trading success.

[BoldMaestro]

The key to success in forex trading relies on various things such as knowledge, practice, currency pair, risk management, psychology, etc. Though, the most important thing is to learn to be patient; once I started keeping my cool and being rational, I gained much more clarity and focus than I had ever had while trading, which improved my trading skills.

 

[YellowWitty]

Consistency is the X factor that determines your success. Forex journey is a long venture, and many are not able to keep up with the efforts. If you follow a proper schedule, backtest regularly, and learn daily, success is possible.

 

[Barnstorming]

These are the keys to a successful forex career:

• Proper education and practise.
• A well built strategy.
• Trading plan.
• Risk management.
• Discipline.
• Patience

 

[PipsMaker]

These are the keys to a successful forex career:

• Proper education and practise.
• A well built strategy.
• Trading plan.
• Risk management.
• Discipline.
• Patience

Couldn't have said it better myself. 100% agreed.

 

[Hercule Butler]

Getting success in the forex market is possible with consistency. You must be disciplined, have good trading psychology, well-planned strategies and good control over your emotions.

 

[mrumairsss]

this is one major lesson I learn from a successful forex trader that has really changed the way I look at forex trading entirely. becoming a successful trader has to do more with your psychology and money management than your trading strategy.

definately bro the main thing is management without management we can be succeeded in our real life too

 

[amr mady]

start with a demo, analyze the market, keep up with the news.

 

[Christine Ramon]

You should start with the demo. Buying and selling seems easy at first, but there is so much finesse in trading that I personally recommend you not to engage in leveraged transactions without gaining a good experience.

 

[Jackyard]

Trading strictly according to the trading plan. It is important to have well calculated trading. However, traders must have a flexible approach towards trading forex as it is an ever changing market.

 

[Isthmus]

The keys to success in forex trading lies in your hard work. Set realistic goals and avoid going overboard when you first begin. Take the time to understand the market structure and rules. Make a journal so you don't have to repeat past mistakes from a plan that didn't work out profitably. Because the market is constantly changing and evolving, you have to be flexible. Maintain your focus and keep up with the latest news. You will seek rewards if you put in enough effort.

 

[czsayo]

These are the keys to a successful forex career:

• Proper education and practise.
• A well built strategy.
• Trading plan.
• Risk management.
• Discipline.
• Patience

I think so.
For me, forex trading is a business that needs to be taken seriously. Every mistake costs money.

 

[Daantje Pieters]

Patience and learning are the key to trading success. Try to increase your knowledge through reading e-books, following experts, watching video tutorials, and using demo account.

 

[PapaSmurf]

Many factors to consider... risk management is key..... but one of the things I find hardest to master is being very disciplined... waiting for the right time to get into a trade.... following your trading plan.... Plan your trade and trade your plan.