Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

exbryan

How To Become A Successful Forex Trader

Recommended Posts

To become successful trader it is very important to upgrade your knowledge all the time. you can check updated news, attend seminars, and follow market trends before investment. Control greed while doing forex trading.

 

........................................................................

 

Forex Answers

Share this post


Link to post
Share on other sites
Can you give me some tips on how to become a successful forex trader?

 

first off memorize everything at "Babypips.com".

Then maybe gt yourself a good coach. Oh wait, it says you are a coach.

What do you coach?

Share this post


Link to post
Share on other sites

To become a successful trader you need to constantly upgrade yourself with forex knowledge as well as technical analysis. You cannot master overnight as it takes times. You must gain more practial experience.

Share this post


Link to post
Share on other sites

There is "No Graduation Day" for a forex trader. As a forex trader we must constantly upgrade ourselves. The market changes everyday just like price trend. We must equipe ourselve with sound knowledge to profit in the forex market, both fundamental and technical analysis.

Share this post


Link to post
Share on other sites
There is "No Graduation Day" for a forex trader. As a forex trader we must constantly upgrade ourselves. The market changes everyday just like price trend. We must equipe ourselve with sound knowledge to profit in the forex market, both fundamental and technical analysis.

 

Yeah, I agree. Even traders who have gain over 1000% have to learn.

Share this post


Link to post
Share on other sites

Some important things need to remember at first! Just need to know about the trading platform one by one.

 

Once you know about that, you will have to go the next level. Here you need the experiences. Everyone trade on his own calculation! They don't follow anything from others! They only gather ideas from the other traders.

 

You have to do that too. :) Happy trading

Share this post


Link to post
Share on other sites

I think the most important thing is to decide why you want to trade forex, and make sure your reasons converted into reachable goals. THEN you can deal with exactly what steps you need to take to reach those goals trading-wise.

Share this post


Link to post
Share on other sites
Guest OILFXPRO

follow succesful traders on forums selling trading education, succesful traders who make money from trading not selling education , i mean successful traders who do not need to kiss ass of trading idiots

Share this post


Link to post
Share on other sites
Guest OILFXPRO
Good advice. Only trend makes money.

 

range makes more money for skilled professionals , 80 % of the time the markets trade in a range .

Share this post


Link to post
Share on other sites
Guest OILFXPRO

buy eas on forums from trading idiots who failed at tradin. and need to sell eas

Share this post


Link to post
Share on other sites
The best way to reach the success, at least in the psychological side of the financial markets is ... missing. The first experience needed to invest is the loss, failure, adversity. Having a good dose of humility, as markets but humiliate us.

 

Humility is important when you are in a losing trade. I would not recommend being humble in a winning trade.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
    • In my opinion these candlestick charts are more easier to understand as compared with the other charts.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.