How Forex Trading Can Make you Rich?

[radex78]

Forex trading requires more discipline with proper management because practice can trading your strategy not your emotions.

with simple theory how to making profit in trading is we should trade follow trend, and yes we need trade with calm minds and having confidence with our analysis, or if we can trade on best timing hence probably we get high opportunity catch profit

 

[doggyfx]

If you trade consistently with profit at least at breakeven level then you can consider yourself successful.

 

[algofy]

Listen, I've sad beforrz and I said agains. In a forex biznis, you gotta be hard working in this forex business man.

 

[radex78]

If you trade consistently with profit at least at breakeven level then you can consider yourself successful.

I think will good as first target we trade and trying to making profit and reached on break even point first before compound profit, and withdraw profit also making more motivated on trading in my opinion

 

[CyberWarrior]

I believe that with proper practice, we could learn any thing and thus with practice we could develop the management skills and also we could develop the strategies and thus I think that Practice is all we need in Forex.

 

[Esha.J]

If you trade consistently with profit at least at breakeven level then you can consider yourself successful.

To be constant in this business for profit, is not a baby game. Saying this line is very easy but implementing in real market is very difficult.

 

[radex78]

To be constant in this business for profit, is not a baby game. Saying this line is very easy but implementing in real market is very difficult.

Yes in fact like it, forex market movement always dynamic, and I thunk required good detail analysis before making entry and determine exit point, if trader can recognized trend will strong or weak might will able get easiness in trading but in fact not always we can

 

[victorycountry]

There is a debate on TA
https://www.elitetrader.com/et/threads/career-as-fx-technical-analyst-chartist.305231/

Simply put, I don't believe in TA. But it can be used to develop optimal strategies when you trade on fundamental information. That's when TA steps in. So fundamental analysis first and TA second. Making a tradig decision based only onTA is just a gambling.

 

[Alexfx79]

Oh, I think that a trader should combine these two. TA is good and it really works, but performing TA without understanding of the situation with the economics is not very smart...

 

[Winjak]

Oh, I think that a trader should combine these two. TA is good and it really works, but performing TA without understanding of the situation with the economics is not very smart...

Absolutely agree. though, sometimes technical analysis can be quite enough. Especially for short-time trades