Originally posted by rrayne20009

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

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Basically, its like trial and error. And most its like listening to your intuition. Constant monitoring of the market is the key to develop a good trading strategy.

when are you successful in trading.... Personally i think its when you're generally comfortable trading with a risk/reward strategy, have consistent grotwth in your account and a trading strategy to keep to.

Originally posted by 4nt5

when are you successful in trading.... Personally i think its when you're generally comfortable trading with a risk/reward strategy, have consistent grotwth in your account and a trading strategy to keep to.

 

Basically those are interrelated. When you have a trading strategy that really works, then of course your account will grow as you will be earning profit. And to maintain the growth, you have to have a good risk management method to use. Reward will come in the end when you already have all those factors mentioned.

Originally posted by leebelisar

Basically those are interrelated. When you have a trading strategy that really works, then of course your account will grow as you will be earning profit. And to maintain the growth, you have to have a good risk management method to use. Reward will come in the end when you already have all those factors mentioned.

 

I agree here, it all boils down to strategy once you develop a foundation knowledge and create a solid systen you're almost out of the newbie woods.

 

Originally posted by fxlots

Originally posted by leebelisar

Basically those are interrelated. When you have a trading strategy that really works, then of course your account will grow as you will be earning profit. And to maintain the growth, you have to have a good risk management method to use. Reward will come in the end when you already have all those factors mentioned.

I agree here, it all boils down to strategy once you develop a foundation knowledge and create a solid systen you're almost out of the newbie woods.

 

Getting out from the newbie world, I think could take time. I mean, Forex trading is a process. And as a process, it needs considerable amount of time. But of course when you get through it means more money to come.

And getting out of the woods require dedication and patience in learning,it could really take time.Rushing in your learning process is a recipe for disaster.I think unpreparedness in forex trading contibutes to the reasons why many fails.

Originally posted by rrayne20009

And getting out of the woods require dedication and patience in learning,it could really take time.Rushing in your learning process is a recipe for disaster.I think unpreparedness in forex trading contibutes to the reasons why many fails.

That is exactly the words, not enough preparation and rushing to get things done. Many new traders forget the word process and good timing.

Originally posted by fxlots

 

 

 

I agree here, it all boils down to strategy once you develop a foundation knowledge and create a solid systen you're almost out of the newbie woods.

 

 

Success in forex is a result of persistence,discipline,patience and most importantly self belief that you can come up on a strategy that will really work for you .

Having techniques, strategies and methodologies when investing in the market is very useful to achieve a positive outcome and better control of risk when an order is generated.   I use the following techniques: the Stochastic Oscillator, the CCI 50 and the candles  

Hello there!I agree with you all guys.I'm new to forex and maybe I should have to learn and strive more to consider myself as a successful trader someday.