Only knowledge of trading is the key to success.

You select your trade and then you risk $x. You must control your risk on each single trade to give yourself a fighting chance of success in the long run. You have to be able accept this.

g han bhai me ap ki bat se agree krti ho forex form aik aisa business ha jis me hamare pas knowledge hona must ha aur jb tk experience na ho ham agay ni barh skte hain aur agar ham sb kam hard work se kre tu ye hamare lye best ha aur ham suucesful trader bn skte hain

when it comes to taking a trade there’s a little more to it than just clicking buy or sell at a certain price or setup. Some seemingly good trades you take which you know you shouldn’t have and they lose money.

there are trades which you pass on and you end up kicking yourself when they make money because you had no real reason to not to trade. To increase your chances of selecting good trades, it’s important to have a methodology which incorporates criteria for selecting to trade or pass on specific opportunities. Otherwise it’s more than possible that you’ll be deciding based on your fear or greed at that moment.

The key which many traders tend to overlook is trade management. If you focus all your efforts on getting the perfect entry, you can miss the point that it doesn’t matter how great an entry you get unless you can hold the position and make that cash register ring!

If you don’t have a method for holding your position or exiting, you’ll find it much more difficult to maximize a positive trade or even take a profit when you should. Just as controlling your risk is important, making the most out of your winners can really make a big difference to your bottom line.

Hitting the trading “sweet spot” on any one day, week or even month is great, but as much as we’d all love it to, it’s not going to last forever. When you trade you must expect to go through better patches and worse patches.

knowledge is the key to succes in trading but in my opionon hum fores me tab tak kameyab nahe ho aakte jb tak hamre pas ake to knowledge na ho or dosra hmre pass practice na ho hume zada se zada demo account par practice karne chae take ex[perience ho jae

It’s the name of the game. But what you can do is ensure you’re in the best possible place to trade mentally, physically and emotionally. We all know the things which help us and things which don’t, so we just do what we have to. No excuses. Write them down and make them part of your plan.

The grim reality is short-term trading and especially day trading can be hazardous to your wealth. Ninety-two percent of day traders trying to scalp loose money. Only eight percent are successful. Out of the eight percent, only two percent of the day trading public make money on a consistent basis.

Why do 92 percent of day traders fail and what makes eight percent successful? Let's take an honest look at day trading without the hype and emotion that surrounds the subject and find out what it takes to be a successful day trader.

We go to school, gain an education, become employed, or start our own business. We learn what we need to know to be successful, but nothing in our education or work experience provides the comprehensive knowledge or psychological control necessary for success as a trader.

Unfortunately, it's human nature to assume that if we succeed in one area we will automatically succeed in another. Most people who enter the market with the idea of becoming traders have a feeling of invincibility, superiority, and no clue of what they are about to experience. The dream of quick money and financial success can very quickly become a living nightmare. The first step in becoming a successful trader is to understand why so many day traders fail.

Yes of course right knowledge is the someone publication of success, so if we essential to get the success in Forex then we person to advantage extraordinary trading knowledge active the Forex, then we can judge to get the success, so we should do see-to gain knowledge of trading.

Most new traders have the wrong focus. If money is your focus, you have little chance of success. Many new traders look at trading as a way to escape a job they hate. They know they have to make a certain amount of money to pay the bills and this becomes a psychological guillotine.