what is most important thing for a succesful trader ?
Everything is important.
First most important thing is knowledge, then experience, then money management and finally a good strategy + patience.
[QUOTE=“forexcrisp;753025”]First most important thing is knowledge, then experience, then money management and finally a good strategy + patience.[/QUOTE]
I semi agree, all these factors are very important but the most important thing is money management.
Good money management allows you to survive not having knowledge & it allows you to survive not having experience. Preserve your trading capital at all costs!
Adaptation, Patience, and Persistance
Adaptation, One of the biggest problems I myself ran into, was adapting to the ever changing price action. Is it ranging or is it trending? Being able to switch gears mid market is important. Is your system better in ranging or trending prices action. Where a top is really a bottom, or is the bottom really the top? YOU MUST BE ABLE TO ADAPT at a snap of a finger.
Patience, again, another misque I had to learn, and still learning this very day. Great traders are great waiters. Whether its waiting on a price to hit your zone to take action, or waiting for the price to it your zone to take profit, you have to Wait it out. Patience to let your plan work its magic.
Persistence, To keep moving forward, keep your nose to the grindstone, getting better each and everyday. Taking notice to your good and bad moments and learning from them. But also persistence in your plan. If your plan says it hits 85%, it wont hit that rate if your not taking each and every signal the plan calls for. If you split your time into half, what half gets the bulk of the 85% rate? You MUST be persistent in your plan, 100%.
Of course Money Management, that is a given, as with your system or plan. Those are the main links to a successful trading career.
- Protecting capital. Dont try to become rich in 1 year. If you have a system that has a positive expectancy, then build your capital slowly.
- Be patient and look for the best setups. Dont over trade
- Have a strong mind to deal whit the downswings.
- Always look to improve your strategy. Market conditions change, so you need to adapt.
The question asked in this thread has been asked so many times that I have lost count; it is nice that many people volunteer answers, but it is a little bit like asking ‘How can I be successful in life?’… You could say it is a lazy way of trying to get answers: how about a specific question, like: ‘I tried a/b/c (etc.) in my trading but it has not worked: where do you think I am getting it wrong?’.
Try harder…work for your answers a bit more! 
PipMeHappy, Your PipMeAngry today?
LOL,
Sorry, I should be more patient…apologies…
:S
Follow these 10 tips and feel the difference!!
Tip 1: Preset your goals and then choose a style of trading which you feel comfortable with and make sure that it suits your personality.
Tip 2: Choose a methodology and be consistent in its appliance.
Tip 3: Choose a wide frame for trend and direction analysis and short frame to entry or exit points.
Tip 4: Carefully pick your account type and leverage ratio accordance with your needs
Tip 5: Perform a weekend analysis.
Tip 6: Focus on your trades and learn to ignore or embrace minor losses.
Tip 7: Automate your trading as much as you can.
Tip 8: Study the fundamentals and technical factors leading to price action
Tip 9: Manage your money efficiently.
Tip 10: Most importantly, don’t give up!
Happy Trading!! 
I agree with pipmehappy, you could find dozens of books with this sort of crap.
Its like asking what does it take to be a successful whatever. Most of it is just common sense stuff.
I might add:
Tip 11: Always use stop loss.
[QUOTE=“Forex Verified;753283”] I might add: Tip 11: Always use stop loss.[/QUOTE]
That’s a massive tick in a box for that one. This is an absolute must! Good shout.
Without knowing where your stop goes, you can’t determine the correct position size & without a stop & adequate position size, you have zero money management skills.
If you don’t know know where to get out if the going gets tough then don’t get in.
Hi
All mentioned above are correct!!! It all depends on yourself tho.
Remember this 90/90/90 rule, meaning 90% of the people lose 90% of their capital in 90 days!!!
So what makes you think that you are that 10%? or even less than 10%, if i’m not wrong, I think it is 1%~3%!
You have to put in 100% for this, otherwise it’ll be a waste of time and money!
Good luck trading
psychological control!
Well though I also use Stop loss, I know traders (big ones that doesn’t use stop loss because they ignore daily volatility as trade on daily or weekly charts and may hold positions for weeks.
traders use stop loss to protect them from volatility (not a wrong trend because you can manually get out of a trade in this case) so when no volatility on weekly trading no SL needed to distort your analysis and decisions.
First you need good knowledge and skills in Forex. if you have good knowledge then it will be very beneficial and you can make good progress in Forex. After this you need good strategy,money management and have good patience. Also you need to choose a good and reliable broker.
Investex
For me, as a trader. one important thing for you to be successful is money management, we traders must learn to mange our money for us to know if we really profit or not. better keep some of your money for you to use on other needs.:13:
Just for clarity and giving an answer that has probably been given somewhere else to anther thread similar;
Basically there are no special requirement to trade forex . You simply need the right information and education. The financial world changes constantly and with it does the rules of Forex trading. You have to be willing to stay up to date, keep learning, and continuously testing your knowledge, Keep an open mind as a trader all the time to make profits consistently.