principle of successful forex traders

[anestelen]

To become a successful forex trader takes hard work and dedication. You first need to learn as much as you can about the forex market, what are the causes and effects. A great deal of experience is needed to consistently make profits.The most important principles are money management and discipline. It is not greed that causes our failure as any rational trader should work to maximize their return. The cause of losses are deviating from your system and risking too much on a single trade. We can't be right all the time and we need to be sure when we are wrong we minimize the loss.

 

[wibble1234]

> The cause of losses are deviating from your system

Having a system won't lead to profit. You need a system that works. Unfortunately it is hard to come up with a genuine working system - many people think they have a working system but are probably just getting lucky.