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Tips To Being A Successful Trader

Shelby10
Sep 27 2020 at 17:08
140 Posts
Very nice post. I agree with you. This will help all the new traders to make decisions.
Danina Battle (NinaPipin)
Sep 28 2020 at 01:14
2 Posts
LeviSievwright5
Sep 28 2020 at 01:30
298 Posts
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
Sep 28 2020 at 07:25
58 Posts
Barbara Wright (barbarawright)
Oct 19 2020 at 11:12
37 Posts
Risk management should occupy a central position in your trading plan.
Elena Triston (ele020)
Oct 20 2020 at 05:49
219 Posts
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.
Beagelv
Oct 21 2020 at 06:14
81 Posts
The tips are light enough, correct, but many do not follow them
DoraWalletInvest
Oct 21 2020 at 18:09
123 Posts
Great list, and I like @ele020 's addition, too. These basic statements are worth remembering and reminding ourselves of from time to time.
Joao91
Oct 22 2020 at 06:27
18 Posts
barbarawright posted:
Risk management should occupy a central position in your trading plan.
True! Managing risk and capital are really important.
Marshshaun
Nov 05 2020 at 06:36
31 Posts
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.
Gergo_01
Nov 05 2020 at 06:56
24 Posts
- work with a trading plan, stick to it whenever possible.
- do not let emotions interfere in your trades.
- start after gaining good knowledge.
- stay updated about technicals & fundamentals.
ElliotCooke
Nov 05 2020 at 07:41
341 Posts
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.
Bunaya
Nov 05 2020 at 08:18
54 Posts
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.
Bela_fx
Nov 06 2020 at 07:13
34 Posts
Shaunmaxi
Nov 06 2020 at 07:16
28 Posts
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.
Rogerwood465
Nov 27 2020 at 05:41
22 Posts
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.
Dorigda
Nov 28 2020 at 13:06
83 Posts
Unwillingness to learn and develop also leads to negative consequences.
Shelby10
Nov 28 2020 at 19:47
140 Posts
A trader should focus on earning money from this market. For that, he has to make a good and profitable plan. A good plan can make him rich.
ilyasshinwari
Nov 28 2020 at 20:35
3 Posts
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.
LeviSievwright5
Nov 29 2020 at 01:05
298 Posts
Successful traders never go back to their goals. They always learn from Loss. And they work according to discipline and plan.
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