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Tips To Being A Successful Trader

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
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.

Sep 28 2020 at 07:25
47 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.
Oct 21 2020 at 06:14
81 Posts
The tips are light enough, correct, but many do not follow them

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.

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.

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.

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