Originally posted by FXlord

 

Originally posted by expertreview

There’s no solution for becoming a successful trader over night. Only the experience will teach you what you need to know. Although many Internet searches will offer you the biggest profit of your life or huge money without any effort, a smart person will always know that only by continuing to trade, to analyse his activity and learn new skills he can actually become rich.

However, if a trader think it is easy to make quick money on the forex market, he should first start by developing the intrinsic qualities of successful traders who are methodical, organized, patient and realistic.

 

 

It is important to learn from the successful traders but one should learn from them and not follow them blindly. It is important to figure out what they do and how they operate in the market .

I partly agree with leebut here - there is no such thing as luck.  Beginners frequentely make money because they trade with no SL, and just take a trade when it is really obvious.  If the market was flat they would not bother - ie: they are entering a very opportune trade.  Also those that end of losing their first trade don't come back.  So you get a selection of people who have traded a Grade A trade without a SL or TP and come back to see massive profits.  Unfortunately there is no Grade A set up at all times which traders want to see - hence they take suboptimal trades which whittle down the account over time.

For success in this feild we must believe that its a pure busniess we apply all that required to run a successful business like we apply risk and money management tools we apply techniques that we learn with hardship that also consume money and time.

We can only succeed with business skills.

Forex trading is better than that of casino and other business because this business can makes us lots of profit even more than casino and this is not depend upon luck its depend upon our strategy.

Well surely the more you read books, watch CD's or Youtube videos on how to trade successfully, the more you increase the probability of being a profitable trader.

I like this saying: The More You Learn, The More You Earn!

Although you will discover many sites that guarantee you a large lot of cash out of currency dealing without going even a handy, keep this in mind: for someone to win in a currency dealing, there has to be another one who failures.There's no remedy for becoming a effective investor instantly. Only the encounter will show you what you need to know. Although many Online queries will provide you the greatest benefit of your lifestyle or large cash without any attempt, a intelligent individual will always know that only by ongoing to business, to analyze his action and understand new abilities he can actually become wealthy.

When it is your beginning in trading, its casino luck and after your experience its business skill.

Skills and trading knowledge work in forex trading. There is no role of luck in making profit. If you have good trading knowledge and experience as well only then you can make profit for long time. Traders should not depend on luck.

I  prefer skills on the luck.A skill person makes luck but a lucky person never makes skills. If any one have skill then the other peoples consult to him but they are not consult to the lucky.