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To be a successful trader

Michihito
Feb 28 at 13:41
posts 298
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.

UweMoench
Feb 28 at 14:16
posts 643
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.

IvarHardy
Feb 28 at 17:39
posts 42
Strategy is important in trading. Every trader is different from another. So, making own stray with own preference is good for long run.

LeviSievwright5
Mar 01 at 02:15
posts 298
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.

Tremblay
Mar 01 at 08:31
posts 330
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.

Sar John (Sarjohn)
Mar 01 at 10:37
posts 187
To be a successful trader first of all you need to learn and develop a good trading strategy, also while trading control your emotions, understand that losses and profits are a part of trading only.

SofieAndreasen
Mar 01 at 13:19
posts 661
UweMoench posted:
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.

I also agree with the approach. Demo account is the best place for practice.

mortanlais
Mar 06 at 07:20
posts 16
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.

Tremblay
Mar 06 at 09:39
posts 330
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.

Roberto21
Mar 07 at 06:18
posts 364
its the best way of money making , i think it just a topic , sounds good that always. but in reality what about ? 95% losers from here.

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