What helped you the most to be profitable?

first: understand you cannot predict trend

in helping to bring profits in forex trading business is denagn have a maximum skill trading skills, with a market that is always at risk that should be able to be controlled in order to survive dibisnis forex trading

Why not? Trends are usually pretty obvious. Their reversal is a little harder to predict, but not impossible.

to be able to predict the price movements in a dynamic market we have to learn how accurate analysis, because with good analysis will be able to read the direction of the market with accurate and will be able to get the opportunity to enter the market with good

Balancing time browsing the forums such as FF and the like, with spending time away from it all in private applying what you have learnt and making it your own.

Further to the last post, being patient in the sense that it can take 5-10 years to become proficient. Just like any other profession.

As i daytrade i can only refer to that, for long term it might be different

1. only trade majors
2. specialize on a few pairs, every currency pair has different dynamics and learn them inside out , which leads me to..
3. ..charttime! spend less time in forums, spend more time on charts, try to understand the market
4. be aware of the higherTF trends but they are much less important, instead mean-reverting is more profitable on smaller TF
5. if using any type of analysis, find reasoning for a certain analysis. Why is something working?
6. pricelevels: only use levels that are widely known and/or not subject to discretion. You want to find areas where liquidity is, and that is not some secret pricelevel instead at highs/lows/bigroundnumbers. Everybody sees them so thats where liquidity sits. Be sure your broker uses the correct timezone to get your daily levels right.
7. be aware of seasonal effects (end of week, end of month, end of year are often having different dynamics, option expirations) but also look at liquidity distribution during the day (times of low/high liquidity) which also differs by pair
8. Understand that you are not in control, instead it is the market and therefore...
9. a)...dont have pip/profit targets. Take what the market gives you. profit targets are only harming you in a way that when they are too low, you are wasting potential and if to high it leads you to take stupid trades
10. b)...dont have fixed SL/TP targets. The market decides where your SP/TP should be
11. c)...accept randomness. especially on the smaller TFs the market can often be random, so only go in to the market when you find a situation where the market is not random. But expect it to fail and manage your position (trailing SL, move stoploss to breakeven) and accept losses
12. adjust your risk to your trading system and performance, otherwise you are either wasting potential or will get broke
13. scale it up, use compounding effect
14. use the advantages retail traders have: leverage and ability to trade short term, but know how it works and use it carefully
15. be careful reading to much in forums and too many analysis as it influences your view, do you own analysis, because in the end its you taking the trade
16. read scientific papers regarding forex to understand the forex market and its participants(Carol osler , BIS report)

There are many ways to skin a cat, so this is just my way.

None expect me and myself. In world, we come alone and goes alone, we need to deal with every one alone so always fight for yourself. None is going to help you in this business, you have to learn it by yourself.

Being in a place (mentally) where the markets behavior does not have any influence on me.

How do you achieve that? I have always had trouble doing that.

When I realized that being right or wrong on each singular trade has absolutely nothing to do with trading. Being wrong does not create any emotional impairment on my next trade. Losses are the cost of doing business in trading. Overall there will always be a cost of doing business in trading. When I place a trade it is because I see an opportunity and sometimes you have to pay the cost before you get the next winning trades.

in being an advantage in forex trading business is not easy to do. forex is that frequently arise in emosioanal and cause a failure in carrying out forex trading, and a better suggestion prior to the trading account can do in advance to prepare the learning ability of trading

Forex is never going to be easy but if we learn well we can earn well too. Person can start trading with learning and then can practice it with demo account so that he can face real market condition.

One can only learn how to face the real market by trading on the real market, I think. Trading on a demo account is certainly vital – it helps one learn the basics and then practice those basics safely, but sooner or later one needs to learn to trade with real money.

What helped someone to be profitable?

Just quit trading and work in a real business, selling a real product or service.

Retail Forex Trading is a Gambling Scheme, and you can't pretend to make money as a gambler.

The house (Casino / Forex Broker / Sports Betting Broker) always wins long term. Any PhD in mathematics can show this.

Nuff Said.

Yeah, after demo practice, one should not start with big account in Forex but use mini accounts for testing their skills with Forex so that they can idea where they are in market and how they want improvements in market.

in the demo account will no perceived benefit, and once we understand in a demo account can to try plunge in real account using a small capital to test the trading skills possessed, as well as improving trading skills better and experience

I agree. Don’t try to run before you’ve learned how to walk. Be prudent, invest a small amount of money, and if you are successful with them gradually increase the size of your account.

http://www.forexfactory.com/showthre...66#post9433766

Which indicators do you prefer? I am partial to the Moving Averages.