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Tips To Being A Successful Trader

Unellene
Sep 08 2021 at 13:19
283 Posts
I've seen so many advice for all the time, it's nice that people share such moments from personal thinking
Tam_fx
Sep 24 2021 at 05:17
20 Posts
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.
Nathan_Han001
Sep 24 2021 at 05:42
24 Posts
One tip or a suggestion i can give is never be greedy and take one step at a time.
Akasuki
Sep 30 2021 at 05:20
602 Posts
Skills and experience is very important for forex trading. Without being skilled it's not possible to survive in the market.
RobSchiz
Oct 01 2021 at 06:46
567 Posts
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.
SteveHanks
Oct 03 2021 at 05:31
536 Posts
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.
whitneytyler
Oct 04 2021 at 09:42
72 Posts
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.
Raf995511
Nov 12 2021 at 12:43
11 Posts
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.
Akasuki
Dec 09 2021 at 08:01
602 Posts
Hard work and continuous practice willmake a trader successful .He will become experienced in trading day . In forex we can nt get success in days Here need a lot of timeit means patience is also important for success.
RobSchiz
Dec 09 2021 at 19:26
567 Posts
whitneytyler posted:
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.
I agree with you. You have to take the right decisions at the right time to survive in this risky market.
Seb King (sebking1986)
Dec 10 2021 at 10:23
538 Posts
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.
AntWalker
Dec 10 2021 at 15:56
9 Posts
My main tip would be to find an expert and either follow their trades or learn from them. It is too hard to do this on your own without an expert
AliaDare
Dec 11 2021 at 00:35
788 Posts
Simply put, to be a successful trader, I need to work with psychology as well as a good profitable strategy.
croisssan
Dec 11 2021 at 09:14
939 Posts
The main advice is to take the time to study. This is a really important aspect to work with. When I worked with a broker from Amarkets, I devoted enough time to training on a demo account.
skihav
Dec 12 2021 at 09:48
801 Posts
It is important to pay attention to learning and understand that this is the path to success.
Davidfx89
Dec 16 2021 at 11:12
183 Posts
actually there is no successful trader in this trading place at all because at the end of the day you are loser by trading and no one can avoid the losses despite of good knowledge.
LucianVince
Dec 16 2021 at 12:57
34 Posts
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.
RobSchiz
Dec 17 2021 at 05:37
567 Posts
LucianVince posted:
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.
You need to gather all the basic knowledge and skills to become successful in this market.
Nakedize
Dec 21 2021 at 05:38
46 Posts
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.
Imamul
Dec 21 2021 at 10:32
740 Posts
the successful trader is a trader who can predict the real faction of this market with certainly , and they know how to manage money when trading in practical.
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