To be a successful trader

Feb 28, 2021 at 13:41
2,263 Views
55 Replies
Member Since Jul 19, 2020   298 posts
Feb 28, 2021 at 13:41
To be a successful trader, it does not take much of pains. All what you need to do is acquire full knowledge about the economic surroundings. You should think logically about how the news would affect a particular security. A successful trader should know how to control the emotions because the emotion driven decision sometimes creates havoc.To be a successful and efficient trader, you need to start trading by opening demo account as it will help you in testing your strategies. Once you get enough confidence then start with real money.
Member Since Jul 19, 2020   751 posts
Feb 28, 2021 at 14:16
Starting with small amount like 100$ to 500$ is the good practice. One should not investment big amount unless he makes his small amount 3 times with a systematic approach.
Member Since Feb 13, 2021   42 posts
Feb 28, 2021 at 17:39
Strategy is important in trading. Every trader is different from another. So, making own stray with own preference is good for long run.
Member Since Jul 20, 2020   298 posts
Mar 01, 2021 at 02:15
If you want to trade successfully, you have to trade by maintaining discipline and plan. If you can't maintain discipline and plan, you will never be able to trade successfully.
Member Since Dec 28, 2020   187 posts
Mar 01, 2021 at 10:37
To be a successful trader first of all you need to learn and develop a good trading strategy, also while trading control your emotions, understand that losses and profits are a part of trading only.
Member Since Jul 23, 2020   759 posts
Mar 01, 2021 at 13:19
UweMoench posted:
Starting with small amount like 100$ to 500$ is the good practice. One should not investment big amount unless he makes his small amount 3 times with a systematic approach.
I also agree with the approach. Demo account is the best place for practice.
Member Since Dec 24, 2020   21 posts
Mar 06, 2021 at 07:20
When you go live, start small. This won’t only save you from losing money but will also prepare you for your future trades as you will get to know what you should expect from the live market.
Member Since Aug 09, 2017   785 posts
Mar 07, 2021 at 06:44
what you think guys there is any difference between successful and professional traders ? its all about same issue or any major difference ?
Member Since Feb 13, 2021   42 posts
Mar 07, 2021 at 09:43
First learn the basic. Then try demo account. Demo account is free. So, practice as much as you want.
Member Since Apr 18, 2017   718 posts
Mar 07, 2021 at 11:05
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice  , so besides acquiring good knowledge its more appropriate to emphasis on practice session. 
Member Since Jul 19, 2020   788 posts
Mar 07, 2021 at 20:18
It is possible to make money from Forex but you need proper knowledge and trading education.
Member Since Jan 01, 2021   12 posts
Mar 31, 2021 at 10:00
Yes, knowledge is the key to walking down the path of success. A profitable trader will have the right knowledge about the market.
Member Since Jul 19, 2020   751 posts
Mar 31, 2021 at 14:10
There is no alternative to learning to become successful trader. It really needs good analytical ability and psychological ability to stay clam.
Member Since Jul 19, 2020   751 posts
Apr 01, 2021 at 13:59
Imamul posted:
what you think guys there is any difference between successful and professional traders ? its all about same issue or any major difference ?
If you are not professional you can not get success. Professional does not mean taking trading as a profession. It means having necessary skills and mind set for forex trading.
Member Since Jul 23, 2020   869 posts
Apr 01, 2021 at 17:57
IvarHardy posted:
First learn the basic. Then try demo account. Demo account is free. So, practice as much as you want.
True. It is the best way to learn to trade safely. New traders should use it first.
Member Since Mar 16, 2021   477 posts
Apr 02, 2021 at 03:41
Successful traders always think logically. You have to practice trading with patience. We have to go ahead in trading by controlling emotions, maintaining money management.
Member Since Aug 11, 2017   886 posts
Apr 02, 2021 at 05:42
the successful trader is a trader which always able to predict the real faction of this market with certainly . its all about real professionalism.
Member Since Aug 07, 2020   75 posts
Apr 02, 2021 at 06:06
To the above, I would also add that successful 3 can always easily overcome these losses and mistakes, and quickly switch and start all over again.
Member Since Sep 22, 2018   70 posts
Apr 02, 2021 at 10:35
consistancy is key
Member Since Apr 03, 2021   13 posts
Apr 22, 2021 at 11:04
Yes, it takes the right knowledge for a person to start with forex and be successful in it.
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