To be a successful trader
Feb 28, 2021 at 13:41
To be a successful trader, it does not take much of pains. All what you need to do is acquire full knowledge about the economic surroundings. You should think logically about how the news would affect a particular security. A successful trader should know how to control the emotions because the emotion driven decision sometimes creates havoc.To be a successful and efficient trader, you need to start trading by opening demo account as it will help you in testing your strategies. Once you get enough confidence then start with real money.
Miembro desde Jul 20, 2020
posts 298
Mar 01, 2021 at 02:15
If you want to trade successfully, you have to trade by maintaining discipline and plan. If you can't maintain discipline and plan, you will never be able to trade successfully.
Mar 01, 2021 at 08:31
We need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following other's strategy. Without customized strategy, long term success in trading is not possible.
Miembro desde Jul 23, 2020
posts 759
Mar 01, 2021 at 13:19
UweMoench posted:I also agree with the approach. Demo account is the best place for practice.
Starting with small amount like 100$ to 500$ is the good practice. One should not investment big amount unless he makes his small amount 3 times with a systematic approach.
Miembro desde Dec 24, 2020
posts 21
Mar 06, 2021 at 07:20
When you go live, start small. This won’t only save you from losing money but will also prepare you for your future trades as you will get to know what you should expect from the live market.
Mar 06, 2021 at 09:39
If someone is a new trader, he should do demo trading first. You should get an idea about money management and risk management by trading demo. If you invest big money as a new trader, you are more likely to lose. One should go into real trading by acquiring proper knowledge about trading.
Miembro desde Jan 01, 2021
posts 12
Mar 31, 2021 at 10:00
Yes, knowledge is the key to walking down the path of success. A profitable trader will have the right knowledge about the market.
Apr 01, 2021 at 13:59
Imamul posted:If you are not professional you can not get success. Professional does not mean taking trading as a profession. It means having necessary skills and mind set for forex trading.
what you think guys there is any difference between successful and professional traders ? its all about same issue or any major difference ?
Miembro desde Jul 23, 2020
posts 869
Apr 01, 2021 at 17:57
IvarHardy posted:True. It is the best way to learn to trade safely. New traders should use it first.
First learn the basic. Then try demo account. Demo account is free. So, practice as much as you want.
Miembro desde Mar 16, 2021
posts 477
Apr 02, 2021 at 03:41
Successful traders always think logically. You have to practice trading with patience. We have to go ahead in trading by controlling emotions, maintaining money management.
