Only knowledge of trading is the key to success.

First you should learn about basics of forex trading that what is forex trading? how much we can earn? how much we can lose? how much time it requires etc. etc. after that you need to learn about different terms about forex like pips, spread etc. etc. and then open a demo trading account for practice and need to practice for 2 to 3 months and then enter in real trading account.

yes but not only knowledge dear. when u will start this business that time u must have knowledge about this business that how to do this business and what are fundamentals of this business. hard working or planing b bohat zaruri ha is business me kamyab hony k liay.

.forex trading main sub say important cheez hai knowledge joky humain aik behtar trader banati hai islye humain chahye kay hum ziyada say ziyada knowledge lain. or experince also matter.

When the trader fails to meet the goal, he begins to push trading beyond his true ability and skill. The result is a series of losing trades that could have been avoided if the trader had the correct focus. Your focus and the measure of your success should be based on following the trading plan, not money.

If you follow the plan each day, you are a winner. If the focus is money, it leads to emotional decisions and emotional decisions lead to uncontrolled losses. Successful traders make decisions based on fact and analysis. Do this and money will follow if your methodology is a sound one.

Statistics tell us that most new day traders lose over $21,000 dollars in their first three months of trading. If they use leverage the average loss rises to more than $45,000. Nothing supports the reasoning for not overtrading and cutting a loss more than an understanding of the mathematics of what it takes to recover from a previous losing trade.

yes ofcourse jis k pass jitna zyada knowledge ho ga wo utna hi earn karey ga forex trading me so forex trading me jo b zyada woi profit earn karta ha jis ko forex k bary me a to z pata ho kyun jis cheez ka hmen sb se zyada ilm hota ha hm kabhi b us me pechy nahi rehty hmeshah agy bhrty ha

If you were down 15 percent, you would need to make 17.6 percent in the next trade to breakeven. This does not cover slippage or commissions so in reality you would have to do far better than 17.6 percent. Now, imagine making 30 trades a day and most of them losses.

It has been my experience that it is extremely difficult to recover from any loss of capital above 25 percent for most traders. This is because it takes 33.33 percent to recover in the next trade. If a trader has allowed the trade to lose 25 percent they simply are not managing the risk.

I have known traders to have 10 winning trades and lose it all by not managing the risk on two trades. The successful trader is ruthless about cutting a loss because they understand the mathematical relationship of trading. I have been in this business for a very long time and if I have learned one lesson it is this-once you enter a trade you are no longer a trader you are a risk manager.

Aap ne theek kaha hai forex per kaam karne kay liye knowledge bohat zarori hai magar is k sath sath hard working or experinece hi app ko successfull banata hai or ye sab bohat important hai practice karny se aap kamyab ho jaty hain

han g sir g only knwlg hi trading mn hmn kamyab kar sakti ha or 2sri chz jo hmn trading mn kamyab kar sakti ha wo ye ha k hmara hard work or 3sri chz ha hamara experiance jo hmn is mn bht faida daita ha or kamyab karta ha

y7yeas brother ap ne theak kaha hy keee knowledge si the key of success agar ap k pass knowledge ho ga tou ap trade sahahe lagaian gy or agar nai ho ga tou ap apni luck par hi de[pend karian gy or luck hamesha sath nai deti

Yes the fundametal knoweldge is the must required thing in the forex trading and if a trader wants to success in the forex trading business than he must have to know the basic forex knowledge which is also referred as the fundamental knowledge of forex trading and it is the key to success

g han me apki bat sy muttafik hun sirf knowledge sy b ap apna goal or success hassil kr skte h zyada sy zyada knowledge apko kamiabi ki trf gamzn kr skti h