Tips To Being A Successful Trader

Very nice post. I agree with you. This will help all the new traders to make decisions.

Thanks So Much!!

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.

Very useful tips.

Risk management should occupy a central position in your trading plan.

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 tips are light enough, correct, but many do not follow them

Great list, and I like @ele020 's addition, too. These basic statements are worth remembering and reminding ourselves of from time to time.

barbarawright posted:
Risk management should occupy a central position in your trading plan.

True! Managing risk and capital are really important.

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.

- work with a trading plan, stick to it whenever possible.
- do not let emotions interfere in your trades.
- start after gaining good knowledge.
- stay updated about technicals & fundamentals.

Most of the traders lose their money because of their low knowledge about trading. So, try to learn all the basics of forex properly before starting forex trading.

With her still a lot of experience and practice, you need to take advantage of the good offer of the broker Amarkets pleases the service where you can earn at the professional level.

Manage your risk.

Success comes from hard work and determination. You can keep reading and learning more and more about forex trading and try some money management techniques.

Lack of knowledge and no control over emotions is the biggest reason why most traders lose money in the market. Focus on your learning before you could do anything.

Unwillingness to learn and develop also leads to negative consequences.

A trader should focus on earning money from this market. For that, he has to make a good and profitable plan. A good plan can make him rich.

forex trading really easy if you follow only 2 rules
Follow this rules and you will be winner for long term small profit for lifetime 10000% better than 2 or 3 time big profit and after 4 trying account burn so please new trader follow this rule for long term profit thank you and enjoying
  
               2% RISK
             

ACCOUNT SIZE/MAX TRADES
$200-500 - max 10 trades
$500-$1000 - max 15 trades
$1000 - $2000 - max 20 trades
$2000+ - max 30 trades

ACCOUNT SIZE / LOTS
$200-$1500 / 0.01lots
$1500 - $2500 / 0.02lots
$3000+ / 0.03lots

Please follow my recommendations for long term profits.