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Tips To Being A Successful Trader
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Shelby10

Member Since Jul 15, 2020  90 posts Shelby10 Sep 27 at 17:08
Very nice post. I agree with you. This will help all the new traders to make decisions.

NinaPipin

Member Since Jul 29, 2020  2 posts Danina Battle (NinaPipin) Sep 28 at 01:14
Thanks So Much!!

LeviSievwright5

Member Since Jul 20, 2020  156 posts LeviSievwright5 Sep 28 at 01:30
As a trader, I spend time thinking about how I can make a profit by trading according to discipline. After a lot of research, I have noticed some important things which are money management, risk management, trade management, trading plan, good strategy. If all these things are maintained, it will not take much time to be successful.

radioactive

Member Since Sep 07, 2020  37 posts radioactive Sep 28 at 07:25
Very useful tips.

barbarawright

Member Since Jun 10, 2020  37 posts Barbara Wright (barbarawright) Oct 19 at 11:12
Risk management should occupy a central position in your trading plan.

ele020

Member Since Apr 15, 2020  48 posts ele020 Oct 20 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.

Beagelv

Member Since Jul 27, 2020  30 posts Beagelv Oct 21 at 06:14
The tips are light enough, correct, but many do not follow them

DoraWalletInvest

Member Since Aug 17, 2020  96 posts DoraWalletInvest Oct 21 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.

Joao91

Member Since Oct 05, 2020  12 posts Joao91 Oct 22 at 06:27
barbarawright posted:
Risk management should occupy a central position in your trading plan.

True! Managing risk and capital are really important.

Marshshaun

Member Since Oct 06, 2020  17 posts Marshshaun Nov 05 at 06:36
A proper knowledge and skills will help you a good deal. Keep practicing and make sure you work on your risk management and money management techniques.

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