rules of success in forex business

Page 1 of 2 12 LastLast
Results 1 to 10 of 12

Thread: rules of success in forex business

  1. #1
    gulking
    Guest

    Default rules of success in forex business

    rules of success in forex business
    if we want to success in forex business for long term, we need to do few things as follow;
    1. learning
    we must spend our time to learn everything about forex business until we really understand properly. it doesn't matter if we have to learn for long time. the matter is whether we can understand well or not.
    2. knowledge
    as time goes by and you already doing trading, you must increase your knowledge about forex world. you must understand about global issue, market psychology, market sentiment, and many other things related to forex.
    3. strategy
    you must have good strategy. it is better if you find it your self and testing it through demo account.
    4. good management skill
    you need to have good management skill for money management, risk management, timing management, psychology management, and profit management.
    5. discipline
    discipline must be implemented in every action if we want to success.
    6. patience
    if we don't have patience, we will not survive in forex business.
    7. recognize your self and your behavior
    you must know your self well, otherwise you won't be able to control your emotion.
    8. don't blame other for your own mistake
    when you make mistake which cause to loss trade, do not blame market or anything else because of your own mistake. admitted your mistake and learn it then don't do it again in the future.
    9. never give up
    if you want to success, you must have strong mind. never give up when you experience difficulty in your path to your success.
    10. luck
    you need luck to achieve your success.

  2. #2
    Senior Member
    Join Date
    Oct 2012
    Posts
    238
    Thanked: 1

    Default

    these rules are very help full for us.if we follow these rules we are success in Forex trading.

  3. #3
    Senior Member
    Join Date
    Nov 2012
    Posts
    141
    Thanked: 1

    Default

    in my opinion the rules for the success in the forex is that you really need the hard work and also the control on his emotions and also he need the patience adn do not do the greed in forex trading and also need the more knowledge in the forex.

  4. #4
    Senior Member
    Join Date
    Sep 2017
    Posts
    1,469
    Thanked: 2

    Default

    If you want to be a professional trader then you must build up your knowledge also you have to choose a reliable broker. You can’t earn profits without a reliable broker and proper knowledge. I trade with Forex4you. They are very reliable. I always trade with my full of knowledge. Their endless support always makes me pleased. They provide minimum spread and maximum leverage. They provide a very easy process to open an account.

  5. #5
    Senior Member
    Join Date
    Oct 2013
    Posts
    333
    Thanked: 0

    Default

    Quote Originally Posted by Tom Daley View Post
    If you want to be a professional trader then you must build up your knowledge also you have to choose a reliable broker. You can’t earn profits without a reliable broker and proper knowledge. I trade with Forex4you. They are very reliable. I always trade with my full of knowledge. Their endless support always makes me pleased. They provide minimum spread and maximum leverage. They provide a very easy process to open an account.
    There are several key rules which are crucial for progress - trading should be based on rules, broker should have proper license and you have to be innovative and be in constant search of new trading ideas.

  6. #6
    Senior Member
    Join Date
    Apr 2017
    Posts
    954
    Thanked: 1

    Default

    The newcomers always try to earn money quickly. It is quite impossible in forex. The newcomers should know the rules of forex market first. They should learn the basics of forex trading. To know the basic knowledge of forex practically they can create a demo account in TP Global FX. It will help them to trade in forex with lower spreads starts from 0.01 pips. It also give them high leverage which is 1:500 maximum. It can also be with them like a shadow in their forex trading. The trading system is very easy. For me, it is the best option to know about forex for the newcomers.

  7. #7
    Senior Member
    Join Date
    Jul 2020
    Posts
    242
    Thanked: 3

    Default

    To be a successful trader, it is important to comprehend the estimation of misfortunes, as without that we are not going to be make benefits either. Regardless of what happens we ought to dependably hope to gain from a trader, as it is not just the cash that is sure in a trade, yet additionally to have the capacity to learn and get a decent lesson is another crucial part. In this manner I want to trade just with Eurotrader, as they give me their master analysis and up to date news. It also provides ultra low spreads as low as 0 pip.

  8. #8
    Senior Member
    Join Date
    Jul 2020
    Posts
    225
    Thanked: 1

    Default

    If you want to trade successfully, you have to trade with a long time view. And you have to gain a lot of knowledge about trading from different online sites. You have to follow money management. If you never follow money management, you will never succeed in using the best strategy. You can risk a maximum of 2% of your account. And you always have to trade at 1: 2 risk-reward. Another issue is discipline. If you do not have discipline in your trading, it is not possible to be a successful trader.

  9. #9
    Senior Member
    Join Date
    Aug 2020
    Posts
    172
    Thanked: 3

    Default

    One of the reasons new traders are overly aggressive is because their expectations are not realistic. Setting realistic goals and maintaining a conservative approach is the right way to start trading. I am trading with Eurotrader. My broker taught me that market is always right. Immediate exit is essential if there is clear evidence that you made the wrong trade.

  10. #10
    Senior Member
    Join Date
    Jul 2020
    Posts
    225
    Thanked: 1

    Default

    in ro ham eslah kon:
    Trading requires a lot of rules. Trading is not an easy thing, it requires a lot of patience. It takes a lot of effort to create a trading skill. Money management is an important part of trading. If a trader does not focus on money management, it is difficult to sustain his investment. There are many more rules in trading which are impossible to make a profit without following. Risk management is another important part of trading. If you do not trade with a 1: 2 risk-reward, you will lose. There are some rules in trading that if you do not follow, it is not possible to be successful in trading.

Similar Threads

  1. New forex rules come into force in Australia
    By jvoron in forum Daily Market News
    Replies: 0
    Last Post: 03-26-2021, 07:33 AM
  2. Is general business is better then forex business
    By salman_ayub in forum General Forex Discussion
    Replies: 7
    Last Post: 09-06-2019, 01:18 PM
  3. Forex business or Company Business ??????
    By ehtesham_ali in forum General Forex Discussion
    Replies: 6
    Last Post: 07-30-2019, 09:21 PM
  4. There is no easy way to achieve success in the forex business
    By Ashley Mallett in forum General Forex Discussion
    Replies: 5
    Last Post: 03-11-2019, 11:22 AM
  5. Day trading rules for success
    By israr_ali in forum General Forex Discussion
    Replies: 0
    Last Post: 11-04-2012, 06:33 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Join us