To become a good trader, we must follow it
Page 1 of 4 1234 LastLast
Results 1 to 10 of 38

Thread: To become a good trader, we must follow it

  1. #1
    Trader
    Join Date
    Aug 2013
    Location
    Male
    Posts
    1,955

    To become a good trader, we must follow it

    To become a good trader we should ensure the following:
    1.Follow a nice strategy continuously or intermittently
    2. Trade with discipline
    3. Use default indicators of the terminals
    4. Stay on track though coming lots of opportunities
    5. Must follow long Time Frames as they are easy to analysis correctly
    6. Use a constant lot size
    7. Stay mentally stress free always around your trading hours
    8. Must avoid greed and control emotions
    9. Spend times with friends, family and society
    10. You have to believe yourself a smart trader of course

  2. #2
    In addition from that we can be a good trader if we can make good result in our trade, The beginner forex trader can become a good trader if they learn more moreover learn from their mistake. because the mistakes is the most valuable teacher to moving forward

  3. #3
    Yes, You are 100% right. Originally if we want to become a good trader, we all must should be follow your advice. If a trader wants to be a perfect trader, he must should be earning those experiences and knowledge. We must should trade in Forex with more discipline and we must needed more confidence and patience. So if any trader can follow those advices, he must become a good trader.

  4. #4
    Trader
    Join Date
    Aug 2013
    Location
    Male
    Posts
    1,955
    Quote Originally Posted by cowek ireng View Post
    In addition from that we can be a good trader if we can make good result in our trade, The beginner forex trader can become a good trader if they learn more moreover learn from their mistake. because the mistakes is the most valuable teacher to moving forward
    You are right, mistakes are the most valuable teacher. Though we neglect mistake, but mistakes can bring bright future in our trading life if we try to learn from the mistakes and implement the experience in further trading duly rectification.

  5. #5
    Banned
    Join Date
    Aug 2013
    Location
    State Himachal Pradesh
    Posts
    9,370
    Yes you are right well we should have a great strategy with good trading plan and money management also very necessary in this field of forex so we can't ignore these all things a successful trader always focus on learning in this business so hard work is also very necessary to become a good trader in this business

  6. #6
    yes agreed these are the main causes of failure . we must to avoid greed, mentally stress free, and we must trade with discipline. and in No.8 this is very essential we should make our first aim is to make money more and more. we have to spend time with family and friend because they are more improtant then earning money.

  7. #7
    Trader dkarev's Avatar
    Join Date
    Aug 2013
    Location
    nigeira
    Posts
    3,007
    they are lots of thing one need to imbibe to become a successful trader,though all the point listed above are very important,personally i dont like the idea of using any indicator when trading but for one to become a successful trader,we must have a trading plan and we must trade our trading plan as well

  8. #8
    To become a good trader we need to learn about fore.Collect knowledge and practice in demo accounts.This all will make you grow in experience.Traders should avoid emotions while trading.Make his own trading plan or strategy.Trader should trade with patience and fresh minded.

  9. #9
    Quote Originally Posted by Jamuna View Post
    To become a good trader we should ensure the following:
    1.Follow a nice strategy continuously or intermittently
    2. Trade with discipline
    3. Use default indicators of the terminals
    4. Stay on track though coming lots of opportunities
    5. Must follow long Time Frames as they are easy to analysis correctly
    6. Use a constant lot size
    7. Stay mentally stress free always around your trading hours
    8. Must avoid greed and control emotions
    9. Spend times with friends, family and society
    10. You have to believe yourself a smart trader of course
    To become a good trader first we have to understand what are things needed to minimize losses. Because profit at initial days will increase your confidence level which is not good and will force not to learn further.
    So first try to know what mistakes you should avoid to minimize losses.
    Then start practicing in demo trading to know your own mistakes.
    then start trade in real account with very small quantity and slowly slowly increase your lot size but never ever keep many open position at a time.

  10. #10
    Useful tips, is to become a good trader we have to follow some rules that apply in forex trading. Most of the trading rules relating to everything we use in forex trading, such as the use of strategies, the use of capital, psychology, and other rules. Rules in Forex trading is not to restrict us in forex trading, but to help us become a successful trader.

Page 1 of 4 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •