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Why are some traders successful?

Oct 27 2022 at 13:40
219 inlägg
Increasing capability through demo trading is highly essential for traders before jumping onto live trading.
Oct 27 2022 at 15:39
399 inlägg
Toparch posted:
Here are some things successful traders follow and failures did not.
1) Make a trading strategy.
2) Take frequent pauses.
3) Do not quit your day job.
4) Recognize that you will lose.
5) Put in as much practice time as you can in a demo. Constant practice is required.
6) Place a stop loss at least 30 to 20 pips below the entry point.
 8) Place a take profit at least 60 to 40 pips above the entrance point.
7) Test Your Trading Strategy in the Past

Some of these are good, it shows that a plan and structure is needed. Once the person does it they are more than half way there
Oct 28 2022 at 12:05
14 inlägg
A trader must constantly practice a combination of knowledge and discipline as it will eventually generate positive trading results. Being an optimist while keeping expectations realistic is a hallmark of a successful trader.
Nov 01 2022 at 07:02
19 inlägg
Because not everyone is aware of or chose the road that leads to success. Diverse people have different ways of thinking, which influences how they analyse situations and employ various techniques, some of which are garbage and end in failure. Additionally, inexperienced traders tend to have the concept that they are trading in order to become too wealthy too quickly. They lack patience and don't want to put in the necessary work. In other instances, your broker may try to trick you with deceptive tactics and offers that ultimately drain all of your deposits and earnings. Therefore, the trading community must put up a significant amount of work to be successful, which many of us either don't want to or are unable to accomplish.
Nov 02 2022 at 11:11
16 inlägg
Only a handful of forex traders are successful because they have traded forex dedicatedly in the right way. These successful traders have stayed true to their strategy, have always analysed the market before placing a trade, kept in track of the news, and maintained their trading psychology. There’s no secret to success, except that you have to work hard, and you have to grind for a long time.
Nov 02 2022 at 16:31
17 inlägg
practice makes perfect. most traders have at least basic knowledge, and the basic knowledge is more than enough to earn a living. the problem is greed, emotion, and money management.
Suradi (FXOday)
Nov 02 2022 at 23:27
429 inlägg
Marcolis posted:
Increasing capability through demo trading is highly essential for traders before jumping onto live trading.
A demo account can be maximized to practice seriously, although only use virtual money but remain useful to measure trading skills before live trading, however trading in a demo can't give all trading environment like in a real account, sometimes I use demo ECN FXOpen to practice when no trading capital.
Nov 03 2022 at 06:45
38 inlägg
Some traders are successful due to their skills and ability to trade.
Nov 03 2022 at 06:53
15 inlägg
Most of the traders are not successful in the market. Because they do not understand the importance of continuous learning and improving/ But the rest of the traders who are successful in the market know this fact that only good knowledge and continuous improvement can help them to win in the market.
Nov 04 2022 at 06:35
16 inlägg
Sincerely, it takes years to become successful and understand the market. Don't consider making money when you're just starting out. Pay attention to learning and experience-gaining. You can make any amount of money once you comprehend how the market functions. I've seen people become wealthy through forex trading, but it takes a lot of effort, patience, consistency, dedication, and focus.
Nov 04 2022 at 09:22
219 inlägg
Traders mostly have rooms for development but they are less focused on this issue. The more a trader practices, the more he or she learns.
Nov 04 2022 at 13:54
119 inlägg
Finding the right trading broker has become difficult because of scamming. To find out the best trading broker, first of all you have to check the broker’s certification because it will let you know whether the broker is regulated or not.
Nov 05 2022 at 10:10
38 inlägg
Some traders are successful due to their right trading strategy.
Nov 11 2022 at 11:57
27 inlägg
Some traders are successful because they stick to strict timetables. Successful traders are consistent, dedicated, and determined, and they plan out their strategy before trading.
Nov 13 2022 at 17:59
128 inlägg
I think the answer to this question is quite obvious. There are people who achieve more and less. Naturally, someone will be more successful.
Nov 15 2022 at 10:12
26 inlägg
Success in trading comes after gaining the necessary knowledge, hands-on experience, and logical attitude to execute our trades.
Nov 15 2022 at 14:10
13 inlägg
Successfulltraders make sure that they test their strategy on a demo account for many months before using it on a live account. We can all be successful as long as we use a good strategy
Suradi (FXOday)
Nov 15 2022 at 22:41
429 inlägg
Don't be jealous of other traders' results, each trader already has their own portion based on their skills and knowledge. However, the struggle is a compulsory task in life to making effort to keep daily necessity smoothly to covered. Not only during trading needs money management, in real-life also needs money management.
Nov 17 2022 at 07:54
26 inlägg
A successful trader must maintain discipline. In the long term, the disciplined trader prevails over the exceptionally smart or lucky trader. Being a successful trader is all about having the discipline to protect your capital.
Nov 18 2022 at 09:37
17 inlägg
Your success in the market depends a lot on what you do in the market. It is not easily earned and you will have to keep working hard to reach your goal. Along with the basic learning, a lot of patience is also required because you start with losses and not every trader can’t keep calm in such a situation.
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