Advertisement
Tips To Being A Successful Trader
Mitglied seit Jul 23, 2020
696 Posts
Aug 07, 2021 at 16:30
Don’t be greedy and be patient.
Mitglied seit Jul 23, 2020
816 Posts
Sep 01, 2021 at 21:23
Spends at least 5 months in a demo account before moving into a real account.
Sep 03, 2021 at 06:29
Unellene posted:
the main thing is to gain experience from each mistake and understand what needs to be corrected in your work, then there will be progress
Exactly, practice on demo, learn from your mistakes and do not repeat that mistakes.
Mitglied seit Mar 17, 2021
494 Posts
Sep 03, 2021 at 08:42
Sarjohn posted:Unellene posted:
the main thing is to gain experience from each mistake and understand what needs to be corrected in your work, then there will be progress
Exactly, practice on demo, learn from your mistakes and do not repeat that mistakes.
Practicing is very important. It helps a trader to improve the skills and ability.
Mitglied seit Feb 20, 2021
51 Posts
Sep 03, 2021 at 09:24
It’s completely okay to make mistakes in the market because that’s what teaches you the most important trading lessons. Risk a small amount if you are not sure about the market or your strategy. And when you get an idea of what is happening, you can gradually increase the amount.
Sep 06, 2021 at 06:14
SteveHanks posted:Sarjohn posted:Unellene posted:
the main thing is to gain experience from each mistake and understand what needs to be corrected in your work, then there will be progress
Exactly, practice on demo, learn from your mistakes and do not repeat that mistakes.
Practicing is very important. It helps a trader to improve the skills and ability.
Yes after having good knowledge and skills you can make good profit.
Sep 24, 2021 at 05:17
Akasuki posted:
Along with good knowledge and skills we also need a sound mindset. It's the trading psychology that makes the difference between successful and failure.
Rightly said, i have seen people who possess good knowledge and everything but they are not able to control their emotions which make their trading worse.
Mitglied seit Jun 21, 2021
21 Posts
Sep 24, 2021 at 05:42
One tip or a suggestion i can give is never be greedy and take one step at a time.
Mitglied seit Mar 17, 2021
494 Posts
Oct 03, 2021 at 05:31
RobSchiz posted:Nathan_Han001 posted:
One tip or a suggestion i can give is never be greedy and take one step at a time.
Greed is the most dangerous thing in this market.
I agree with you. It destroys a trader's career within a second.
Mitglied seit Jun 07, 2021
70 Posts
Oct 04, 2021 at 09:42
Trading psychology is one of the most important things to master in order to be a successful forex trader. Making the right decision under pressure is something that cannot be taught, you can only learn it.
Nov 12, 2021 at 12:43
There is a big amount of tips actually and it may take lots of time to describe all the tips. I can describe only several ones, which are the main in my opinion. The first tip of successful trading is never rushing. You know, sometimes traders go mad about huge amounts of money and it's strictly prohibited in trading activity as I think, because the brain always should be cold. You shouldn't let your emotions get you down and never let them take control over your mind. In my opinion, it's the most spread mistake. Of course, you can make some mistakes but try to avoid major ones.
Mitglied seit Apr 09, 2019
516 Posts
Dec 10, 2021 at 10:23
On point 1 I will say that understand early that you can take ideas from others but you can't take out the box ready made plans. You have to do the work to find what is right for YOU.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Nov 23, 2021
34 Posts
Dec 16, 2021 at 12:57
You have properly summarized all that a trader should do. I know that we all have different journeys and we can pave our own paths. But keeping all this in mind can help us stay away from unnecessary risks.
Dec 21, 2021 at 05:38
I think it is more important to be prudent about the risk that you are taking. You should not focus on winning the trade but instead focus on saving the trade by not allowing the risk to be more than the money you deposited to open a position.
