How to win more trades in Forex?
May 6, 2010 
6 Comments
Beast from the East asked:
Hi I am an all time loser in forex. I have been losing money since a very long time 2003 but I still trade with the hope that one day I will win. Has anyone ever won in Forex? If yes, then please share your trading strategy.
Hi I am an all time loser in forex. I have been losing money since a very long time 2003 but I still trade with the hope that one day I will win. Has anyone ever won in Forex? If yes, then please share your trading strategy.
Read as many books (as you can) on trading, trading money management & trader psychology.
The "game" in FX is to make more money on your winners than your losers. Its perfectly "OK" to lose 60% of your trades (OK and not unusual)…….
"Trading strategy" is important but in FX it's not nearly as important as trading money management.
If you don't know this by now…. you haven't read enough or read the right books.
Start with Kathy Lien's and Boris Schlosbergs book: Millionaire Traders
Then read a new book on trading every month or two.
Here's another great book…. it's no an FX book…. but it'll help;
Trading In The Zone, Mark Douglas
hi
i think u doing wrong somewhere ..in my experience fast "news updates" plays an important role to conquer currency market so trade with a broker that provide fast news updates.here some list
Hi,
Previously i have been a forex loser just like you but now money is not a problem for me anymore.
You need to spend a few bucks but the investment return is far more worth than what you have spend, just like i do.
Yes, of course people make money with forex and some people make a lot of money, you just have to find the right system. Here's a review of a system that helps do your trades for you and some people are having pretty good success with it:
Hi there,
i wish i can tell you a holy grail of trading but unfortunately there is none.
How to win more in forex?
1) Proper money management is a must. You may win 5 trades but with an over risked position, one losing one may wipe your account
2) Hardwork. Read the news. Know of upcoming high risk event and news releases and stay out of them
3) Know the currency pair you are trading on well. How does it usually react during the US/London/Asian markets.
Do all this and you may finally make it to the 5% of folks who gained in forex.
Cheers and all the best.
I write about forex articles in my blog for newcomers.
If you are using automated systems and forex robots go for consistency rather than big profits. I am using the no loss robot and it has been successful for me, but don't expect these forex robots to do magic for you.
Trade prudently and always test your forex robots before committing your money. And of course ALWAYS manage your risk.