There are many problems to be faced when trading under a market maker broker. You need to trade under a broker whose spread is low. That broker has been working for the benefit of traders. 90% of beginner traders lose their first deposit. Therefore, it is very important to choose a good broker. Many good brokers in the Forex market offer the highest benefits to beginners and pro traders.
Capitalhill posted: As for me, A good trader is a trader that always stick to his or her plans, like taking lose when it is due, and always knows he or she cant win all the time, but always have the winning trades exceeding the losing trades i.e the sum of all winning positions, after subtracting the losing positions, u still have profits.
Make ur own defination
A good trader is the one who is disciplined and does not have a greedy approach.
If a trader learns from losses and goes ahead trading with a positive mindset, he is known as a good trader. One of the qualities of a good trader is to follow risk management and money management and always trade according to discipline.
LeviSievwright5 posted: If a trader learns from losses and goes ahead trading with a positive mindset, he is known as a good trader. One of the qualities of a good trader is to follow risk management and money management and always trade according to discipline.
That’s right. I think mindset is most important. Trader often struggle to manage that.
Decision making makes a trader good or bad. IF a trader takes decisions based on the facts instead of emotions, he will automatically be able to take correct decisions. Apart from this, following a simple and tested strategy adds up to a good trader.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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