Top 5 Skills of The Successful Forex Traders

This is a discussion on Top 5 Skills of The Successful Forex Traders within the Forex forums, part of the Markets category; Originally Posted by SmartGeek Risk management and money management and lots more are needed to learn in the Forex trading, ...

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Old Oct 6, 2017, 11:36am   #16
Joined Apr 2017
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Originally Posted by SmartGeek View Post
Risk management and money management and lots more are needed to learn in the Forex trading, without these knowledge, you could never survive in the Forex Market.
But first of all you have to make sure what actually Money management in Forex and RM.
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Old Oct 12, 2017, 6:43am   #17
Joined Jul 2016
Yeah, both the skills are required to deal in with the Forex Trading, and both of them would ensure our success in the Forex Trading.
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Old Oct 12, 2017, 7:08pm   #18
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Successful trader is a big deal in Fx because so many traders are loser. By the way any successful trader doesn’t depend on high luck . he always trade with his most powerful analyzing trading knowledge with great discipline and brings profit with certainly almost every trade.
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Old Oct 12, 2017, 7:52pm   #19
FXX
Joined Oct 2017
1) Do your homework. News drives the market so know what's going on and what's coming up.

2) Don't look for trades let them come to you

3) Have a trading plan

4) Use leverage correctly and don't oversize

5) Only look at technicals when you have an opportunity based on fundamentals. Decisions are made based on fundamental reasons with, but not always, a technical trade plan

These are the rules I work off on a daily basis



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Old Oct 13, 2017, 4:35pm   #20
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A successful trader is a trader who is able to predict the market with certainly, and he never trade at all with his emotions. Every successful trader obviously has a long term experience in this market and he never give up at all after unfortunately loss.
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