the most important things in forex

make sure regular basis profit is very effective even though its smaller, 5% sounds minor but when it comes regular basis , it can make huge amount.

The most important thing in forex is a trading plan. Without plan you can not make profitable trade. you can lose all your money because of wrong trading plan.

plan is important , but if there is no exact discipline, it will can be useless. so emphasis on discipline in trading and real life. i9t would be great.

Hard to pick the single most important thing as there are numerous aspects to trading each playing a vital role but I think the most fundamental requirement without which you could not move an inch in this business is knowledge of trading – what would you do without it?

Knowledge plays the most important part for me. If a beginners has no knowledge about this field or lacks in the learning part, then forget about profits, he won't even be able to do anything in the correct manner here. So, for any trader, having good skills and knowledge is very very important to achieve success in forex.

I agree. A trading plan helps us to remain disciplined and always sets boundaries.

For me the most important things in forex would be a strong mindset and good knowledge.

Before start trading, traders should recognize the importance of proper preparation. It's important to align your personal goals and temperaments with related asset and markets. Trading requires talent, balance, patience, the right tools, and mindfulness.

Two things which you consider when start trading should be:
1. Money Managment
2. Knowledge
Both above mentioned things are necessary to have, if you lacke in knowledge and have no money managment it would be difficult to survive in Forex and also should be difficult to be successful.

Ability to follow trading plan, set reasonable targets, avoiding reliance on luck and curbing influence of emotions on trading.

There is no fixed way of trading. It all depends upon trader to trader. Some take into consideration every single movement that takes place in the economy and others are chilled out traders, they just evaluate the trend and place long term trades. Thus their are just a couple of basic things which is common for all;

1. Research: To successfully carry out any thing in life, research is from where you start.
2. Determination: Never loose hope, keep on improving your knowledge and skills and practice everything you learn new.
3. Patience: No Everest is climbed in one day, it needs patience and confidence within yourself that yes you can achieve your goals.
4. Stay updated: Even though your are a long term trader, you need to be up to date. Anything can happen in the economy that can turn your trades upside down.

If you keep in mind these 4 principals, you can tame trading well enough.

I think the most important thing in the forex is a good and reliable broker. Because without a good broker it is quite impossible to make money from this market.

I think it's definitely one of the most important things, together with expansive trading knowledge and nerves of steel.

Along with being disciplined and organized, most people discuss discipline as one of the key factors but being organized does not get enough spotlight. Being organized saves time because you have already planned your work ahead.

I think the most important thing in forex is a broker. but before that yu need to have proper knowledge about the market.

I think the most important thing in forex trading is knowledge and experience. Because without knowledge and experience, it is quite tough to survive in this risky market.

You need a good strategy with a decent winning %. A good plan, an emotionless mind, a good risk management policy. You need all these to be profitable.

The first thing to focus on forex is self-learning. You must constantly develop and improve your trading and your trading strategy. Even if you feel you've started making steady money, don't stop learning about trading. For constant practice and testing of new strategies, you can use a demo account where you can practice without losing money. Secondly, you need to work on your psychological state. While you're trading with small investments, it doesn't seem to be a very important thing, but when you're making larger trades, you'll always need to stay calm. The main thing is not to quit trading if you fail, everyone has had such stages and you will need to learn how to deal with your emotions.

I completely agree with you, having a mental preparation to trade is the part that's often downplayed when one has just begin to trade.

True. And yet so many people overlook that, it's bizarre.