Tips To Being A Successful Trader

Jun 14, 2020 at 07:45
4,307 Views
84 Replies
Member Since Sep 07, 2020   63 posts
Sep 28, 2020 at 07:25
Very useful tips.
Member Since Jun 10, 2020   37 posts
Oct 19, 2020 at 11:12
Risk management should occupy a central position in your trading plan.
Member Since Apr 15, 2020   219 posts
Oct 20, 2020 at 05:49
Apart from the tips, a trader should also be very careful regarding what not to do while trading.

1. Trading without market knowledge
2. Using excessive exposure
3. Following the herd blindly.
4. Trading too much.
5. Trading without strategy or thought process
6. Trading with no exit plan.

If a trader continues to make these mistakes, trading would be next to impossible for him.
The more your practice, the more you learn.
Member Since Jul 27, 2020   81 posts
Oct 21, 2020 at 06:14
The tips are light enough, correct, but many do not follow them
Member Since Aug 17, 2020   123 posts
Oct 21, 2020 at 18:09
Great list, and I like @ele020 's addition, too. These basic statements are worth remembering and reminding ourselves of from time to time.
Member Since Oct 05, 2020   18 posts
Oct 22, 2020 at 06:27
barbarawright posted:
Risk management should occupy a central position in your trading plan.
True! Managing risk and capital are really important.
Member Since Jul 20, 2020   341 posts
Nov 05, 2020 at 07:41
Most of the traders lose their money because of their low knowledge about trading. So, try to learn all the basics of forex properly before starting forex trading.
Member Since Nov 05, 2020   54 posts
Nov 05, 2020 at 08:18
With her still a lot of experience and practice, you need to take advantage of the good offer of the broker Amarkets pleases the service where you can earn at the professional level.
Member Since Nov 02, 2020   34 posts
Nov 06, 2020 at 07:13
Manage your risk.
Member Since Oct 19, 2020   28 posts
Nov 06, 2020 at 07:16
Success comes from hard work and determination. You can keep reading and learning more and more about forex trading and try some money management techniques.
Member Since Nov 07, 2020   22 posts
Nov 27, 2020 at 05:41
Lack of knowledge and no control over emotions is the biggest reason why most traders lose money in the market. Focus on your learning before you could do anything.
Member Since Apr 15, 2020   83 posts
Nov 28, 2020 at 13:06
Unwillingness to learn and develop also leads to negative consequences.
Member Since Oct 03, 2020   5 posts
Nov 28, 2020 at 20:35
forex trading really easy if you follow only 2 rules
Follow this rules and you will be winner for long term small profit for lifetime 10000% better than 2 or 3 time big profit and after 4 trying account burn so please new trader follow this rule for long term profit thank you and enjoying
  
               2% RISK
             

ACCOUNT SIZE/MAX TRADES
$200-500 - max 10 trades
$500-$1000 - max 15 trades
$1000 - $2000 - max 20 trades
$2000+ - max 30 trades

ACCOUNT SIZE / LOTS
$200-$1500 / 0.01lots
$1500 - $2500 / 0.02lots
$3000+ / 0.03lots

Please follow my recommendations for long term profits.
Member Since Jul 20, 2020   298 posts
Nov 29, 2020 at 01:05
Successful traders never go back to their goals. They always learn from Loss. And they work according to discipline and plan.
Member Since Jul 20, 2020   341 posts
Dec 25, 2020 at 10:18
If you want to become a successful trader in the forex market you have to choose a regulated broker.
Member Since Oct 27, 2020   21 posts
Jan 18, 2021 at 09:53
Yes, these are exactly some points to consider before trading forex. Thank you for sharing these here, very helpful.
Member Since Jul 19, 2020   788 posts
Feb 12, 2021 at 17:38
Good Tips If you want to trade successfully, you must follow these tips.
Member Since Aug 26, 2020   78 posts
Mar 06, 2021 at 12:20
Spend as much time as possible on learning. The main problem for a beginner is a lack of knowledge.
Member Since Jul 20, 2020   399 posts
Mar 06, 2021 at 13:42
Nice tips. Thank you
Member Since Aug 27, 2017   994 posts
Mar 07, 2021 at 10:07
you should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
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