Tips To Being A Successful Trader

There are lots of tips which I can advice to a new trader in order to let him/her the opportunity to become successful. Actually, the main tip is to never give up and always strive for your purposes. It sounds quite corny, but in fact it;s like that in trading activity. Lots of traders give up the idea of earning money due to trading after they lose their first deposit, however they have to perceive this as their personal experience. They have to pay attention to mistakes which they made and try never make them again. It's the main tip I think. Moreover, you have to be really patient because trading takes lots of time.

Sound trading plan, risk management and control over emotions are what make a trader successful.

Felhagamand posted:
There are lots of tips which I can advice to a new trader in order to let him/her the opportunity to become successful. Actually, the main tip is to never give up and always strive for your purposes. It sounds quite corny, but in fact it;s like that in trading activity. Lots of traders give up the idea of earning money due to trading after they lose their first deposit, however they have to perceive this as their personal experience. They have to pay attention to mistakes which they made and try never make them again. It's the main tip I think. Moreover, you have to be really patient because trading takes lots of time.

Yes. you are right.

Zander09Arie posted:
Sound trading plan, risk management and control over emotions are what make a trader successful.

Proper planning can make you successful in this market.

The most successful trade is one that is in accordance with your plan. In order to open a trade, you need to have a plan to follow. Without a plan, we shouldn't trade.

A professional trader is one who knows how to take advantage of the market. And a successful trader is probably the one who is mostly right with his moves.

To become a successful trader, one should know that patience is the key, you may not get rich overnight, but if you apply yourself to learning the basics, then you will gradually become a better trader every day. You will need to create a trading plan that works for you and follow it every time.

To become a successful trader, one should know these three keys:
- Knowledge
- Consistency
- Hard work

shortant posted:
A professional trader is one who knows how to take advantage of the market. And a successful trader is probably the one who is mostly right with his moves.

Yes .You are right. Every trader should take all the advantages they have.

the successful trader is a trader who can predict the real faction of this market with certainly.

To make trading successful, you must have proper knowledge and skills, follow up a trading strategy and never let the emotions ruin your skills.

MasterMove posted:
To become a successful trader, one should know these three keys:
- Knowledge
- Consistency
- Hard work

Exactly, these 3 things must exist. And work with patience.

A successful trader is someone who doesn't let his emotions come in between his trading decisions. Psychology is a very important aspect in forex trading, and it is something that should never be ignored. Therefore, I would suggest you to learn to manage your emotions well.

the successful trader know how to manage emotions , this is the foremost difference between successful and losers.

it is really difficult to control emotions as a beginner trader . because to control emotions is very skillful task and need a long time experience.

Imamul posted:
it is really difficult to control emotions as a beginner trader . because to control emotions is very skillful task and need a long time experience.

I agree with you. Controlling emotions is the most difficult thing in this market.