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When can u consider urself successful in trading

Oct 09, 2013 01:29 pm
sugeng82 User

ارسالها: 42
تاریخ عضویت: 09/10/2013

To be a successful trader in forex its not a hard.for becoming successful we need to follow some rules and strategy.if we take forex business as permanently then our success is possible so early.need to gather experience to be a successful trader

Oct 22, 2013 07:53 am
Nader22 User

ارسالها: 26
تاریخ عضویت: 22/08/2013

Success is the breakthrough from the previous level to the next, and likewise, all we can do is break through our own limitations to be truly successful in trading.

Oct 22, 2013 07:59 am
A41010 User

ارسالها: 71
تاریخ عضویت: 14/08/2013

I really like a quote I read sometime ago. "if you are the smartest person in the room, you are in the wrong room".

Generally, it could be about attitude.

Specifically, practice, practice, practice,

At the end of the day, for a lot of people, success is all down to the bottom line. That's the only indicator that won't lie to you.

https://www.fxstat.com/widget/link?t=small&c=1&s=25420&o1=growth&o2=drawdown&o3=monthly&o4=equity

Oct 22, 2013 08:07 am
YazanAnmar User

ارسالها: 7
تاریخ عضویت: 04/10/2013

I think 'successful' is a very semantically packed word. Semantically packed words can be contextually general and deeply subjective. Only a truly successful trader could answer that with detailed sincerity.

However, I think success comes down to the individuals expectations from the outset. They say "you can never see the light until you have seen the darkness." So, success is never known until it is tested.

http://www.fxstat.com/widget/link?t=wide&c=6&s=19977&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 06, 2013 02:53 pm
leebelisar User

ارسالها: 120
تاریخ عضویت: 06/11/2013

Originally posted by ZenaImderis

In my opinion I think when you start taking the right decisions and you start decreasing losses, then you can consider yourself a successful trader.

 



I agree with you. You can only consider yourself a succesful trader when you begin minimizing your lossess and start increasing your gains. But this is a process that needs patient and discipline. One must work hard to achieve proper knowledge and right strategy in Forex trading.

Nov 09, 2013 02:56 pm
Gerski User

ارسالها: 42
تاریخ عضویت: 06/11/2013

In my opinion those five factors are all impt.to be considered to measure the success of a trader especially experience.

Nov 10, 2013 10:26 am

ارسالها: 47
تاریخ عضویت: 13/09/2013

When I developed a good trading strategy that works and can control my emotions,that is the time i can consider myself successful in trading.

Nov 10, 2013 04:25 pm
redrhinofx Hostedbeta

ارسالها: 42
تاریخ عضویت: 10/11/2013

Originally posted by Sasha

Percentage of successful traders in forex is very low. In my opinion success is measure by following factors.

 

1- Historical data

2- Consistency

3- Experience

4- Strategy

5- Professionalism

Long historical data with consistent profitability is an important measure of trader's sucess. Then experience and strategy comes next. Professional behavior matters if u want to acheive more success.

What other factors do u think r important?

 



 

After 6 months stable returns, it feels excellent. Every additional month only adds more experience for the strategy to developer better. When the forward history builds up, a proper optimized backtest can be carried out and compared against live results.  A backtest should be used to Compare optimized setting vs Live result setfile to forecast the future. 

http://redrhinofx.com/forex-signals

Nov 15, 2013 08:09 am
leebelisar User

ارسالها: 120
تاریخ عضویت: 06/11/2013

Originally posted by redrhinofx

 

Originally posted by Sasha

 

Percentage of successful traders in forex is very low. In my opinion success is measure by following factors.

 

1- Historical data

2- Consistency

3- Experience

4- Strategy

5- Professionalism

Long historical data with consistent profitability is an important measure of trader's sucess. Then experience and strategy comes next. Professional behavior matters if u want to acheive more success.

What other factors do u think r important?

 

 



 

 

After 6 months stable returns, it feels excellent. Every additional month only adds more experience for the strategy to developer better. When the forward history builds up, a proper optimized backtest can be carried out and compared against live results.  A backtest should be used to Compare optimized setting vs Live result setfile to forecast the future. 

 



The idea apply here looks like the more you trade, the more you gain experience and knowledge, then the more you develop a bettter trading strategy. But how this backtest comparison with the live results done?

Nov 15, 2013 11:39 am

ارسالها: 47
تاریخ عضویت: 13/09/2013

When I finally device a simple trading strategy that really works,I will consider my self successful

[grin]