Successful currency trader

What skills and abilities necessary to possess in order to become a successful currency trader? This question is asked by a lot of newcomers who started work on the forex market and generally do not find the answers. Let's try to still give some useful tips and recommendations that will allow beginners to go one step further in their successful trading in the forex market.

•  Do not try to work immediately with a few select markets initially only one market and work closely with him only. One of the coolest markets is EUR / USD as others, such as USD / JPY less stable they often occur in large jumps, respectively, they can be as much to lose and a lot of money.
•  Before deciding to trade carefully read the history of the selected pair for at least the past few months, try to catch the trends and patterns, and only then develop a strategy of behavior.
•  If you really want to become a successful currency trader in the Forex market, you need to develop your own trading strategy. Enough to read a ton of literature on the Forex, you must always apply their skills and analyze the situation. Own trading strategy should be applied evenly and sharpen up for as long as its use will not bring you a steady income at first on a demo account, and then in real.
• Remember that you must take responsibility for every decision you make. Independence in the decisions - the main quality necessary for success in the market.
• Learn how to finally stop losing time. If you see that the market moves in the opposite direction of the forecast you, the best solution would be to close loss-making position, and not wait until the market will turn in "your" side. This is how much deposit was merged novices.
•  Learn from your mistakes. Analyze and draw conclusions not only from their lucrative, but also of losing trades. Keep a permanent record of all transactions made by you.
•  Do not risk the money that you can not lose yourself for a painless!! This is essential for making sober and cold-blooded decisions. If you are afraid of losing money, then your fear will necessarily lead to the fact that you lose them.