![]() ![]() Below we will discover other factors to consider in becoming a successful forex trader. ![]() Timing is an important component in successful forex trading, but it is not the only one. To do this, traders need a solid trading strategy, and they need key indicators that will notify them when to enter, where to place their risk management tools, and when they should take their profits/losses and exit from the market. One of the components that makes a successful trader involves knowing when to enter and exit the market. However, the premise surrounding entering the market at the right time is true. The forex market does not operate according to luck, which is something that is more closely associated with gambling than with forex trading. Some may think that forex traders are successful because they are “lucky”, and that they manage to enter the market at just the right time. ![]() 10 Most Successful Forex Traders in South Africaįorex trading is inherently risky, but it has also allowed many individuals to become millionaires over time. ![]()
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