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  1. #1
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    How to become a trader

    Traders have be able to quickly analyse lots of information and make well-informed decisions under high levels of pressure. Trading can be very profitable, but is also high risk that why we need to have the proper knowledge and information of the trading and make our observation strong of the market now in modern day the trading is a very demanding job that requires a particular skill set, as well as the ability to learn new things quickly and adapt to a constantly changing environment. Before you think about getting the official qualifications and certifications you will need, consider the general skills that a trader must demonstrate.
    Attachment 20357
    First thing that we have as a become professional trader we need to recognizing the skills that we need in the trading market these points are very important to recognizing the skills that we need in the trading.

    1.Traders will need exceptional analytical skills and an aptitude for working with large amounts of quantitative data.

    2.Traders will also need softer skills, such as the ability to communicate well with clients and provide detailed advice on market movements and
    opportunities.
    3.Traders must have a keen interest in the workings of the market and be able to learn quickly.

    4.Traders need very strong personal discipline and motivation. You will have to make split second decisions without emotion, based on your analysis.
    Attachment 20358
    Spend some time researching and learning about trading, how markets work, and what the daily working life of a trader involves, before you commit to a course of education and training. A trader’s day will involve analysing the market, and providing detailed market reports to clients or colleagues.

    we become an independent trader, trading with our own or a client’s money. If we are thinking of doing this, ensure that we are not committing money that we cannot afford to lose. It is estimated that around 90% of day traders lose money, so we shouldn’t be thinking of trading as a way to make a quick buck to get out of a job you hate

    Attachment 20361

    Before we start the trading on the forex market we need to have the properly paper work and keep these points in mind

    1. Understanding the markets is essential to any trader. You need to have an in-depth knowledge of the functioning of the market, including all the
    terminology.
    2. we need to learn about the different securities about the broker and assets that you are interested in trading.

    To become a better trader we Acquire sufficient capital in the market because it is our back bone in the market and we will become the better trader if we have some money in the trading because it helps us to stay more in the market and also we trade with big lot size we will need will need significant capital to get you going. No traders constantly turn a profit, so there will be inevitable losses that you need to be able to cope with. The amount of capital you need will depend entirely on the type of trading you want to do, and how much trading you want to do.

    Attachment 20359
    own strategy vital that we spend time coming up with at least two different trading strategies that we can then apply. we should never rush into a market, but have a well-worked out plan that you can implement. This should include information on how you will enter and exit the market, what kind of capital we will invest, the frequency of trades and the value of the trades
    1. Markets can be highly volatile. A clear plan is vital, but so is the ability to read situations and adapt to circumstances quickly.
    2. If a strategy stops working, we need to be ready to adapt it or drop it. Having multiple strategies that we can use support each other is helpful.
    Attachment 20360
    Conclusion:
    To become trader is very difficult task because the market is high risky business so that's why we have be careful when we start the trading and have be know the merits and dis merits of the trading and when we start the trading we need to know that it is long term business so that's why we as a trader make longer time planing and try to earn step by step and improve our trading skills and keep these points that mention above help us to become the good trader of the market.

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  2. #101
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    Demo account is very important for us to use as a place to learn us, before we use the real account. demo account can also as a place to try new strategies will we use so that we can know how far the effectiveness of the strategy. we need trading rule to obey so we can generate profit from our trading jobs. Because this trading rule are made by this own trader and no punishment when we breaks this rule, a lot of trader than breaks this trading rule itself.

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  3. #102
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    It's a good decision for one to plan on how to become a Forex trader because this is a very opportunity for us where we can become independently of our own and of course maintain success in Forex.a good trader is good and management of our trade is really going to help us make it.if you Starting with learning and practicing with the demo account will help us develop to become a good trader who will have a better opportunity to make that great trade that they need to make it for themselves.

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  4. #103
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    To become a forex trader has to do with learning first at least if you want to become a good forex trader who can make money from the market easily you will take you time to learn and practice in the demo account and get to understand what forex trading is about and develop better experience, skills and knowledge before opening a real account to trade with.

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  5. #104
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    Becoming a good forex trader requires you to have a lot of time and money you can sacrifice for extensively acquiring knowledge and experience in the foreign exchange market. Because knowledge and experience will cost you a lot of time and money but once knowledge and experience is acquired you will be a the top of your game and then making money will be with ought most simplicity

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    it is good decision for one to plan in how to become a Forex trader and must traders seen from how well he manages the trading system so they can produce a good trading system so that it can get a consistent profit for every day. Reduce or minimize loss and increase the amount of profit is the best thing she could do. and the outcome in each month should always be a surplus.

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  7. #106
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    Become a graduate trainee, Once you have achieved a good degree in a relevant subject, the first step is usually to get a position as a graduate trainee at a bank or investment company. A trader actively buys and sells securities, often multiple times during the day but without carrying any open position to the next day.

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  8. #107
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    If we became a good trader in forex, then we learn and understand the forex rules and practice for trading in forex demo account. Forex demo account is good way to find the best indicator for forex trading. When we understand the forex rules and tips or trick, then we became a good trader and make more then money in forex market.

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  9. #108
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    To become a successful trader, It is important to learn about the information and rules of Forex. In trading experience and practice is most important factors. No doubt, Forex give you a lot of money as we work hard. In trading you have some many to stay in Forex and get high level in Forex.so, be careful from brokers and get information and practice to become good trader.

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  10. #109
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    Quote Originally Posted by Obaforex View Post
    Becoming a good forex trader requires you to have a lot of time and money you can sacrifice for extensively acquiring knowledge and experience in the foreign exchange market. Because knowledge and experience will cost you a lot of time and money but once knowledge and experience is acquired you will be a the top of your game and then making money will be with ought most simplicity
    I believe in learning the market very well, this is the way the trader will have the experience to always be working with. The trader that learns well will have the skills to make the money in the manner it should be. But such trader will have to train themselves well into the development of the good strategy that can do it for them.

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  11. #110
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    Quote Originally Posted by Sylvertee View Post
    I believe in learning the market very well, this is the way the trader will have the experience to always be working with. The trader that learns well will have the skills to make the money in the manner it should be. But such trader will have to train themselves well into the development of the good strategy that can do it for them.
    I also believe in learning like yourself, no trader can ever avoid learning and think they will be making money in the market, such trader will ever be losing instead. But traders might learn and still fail, that will be the fault of the trader in that case. This is because such occurrence is possible only when traders do not use what they learn very well or they are acting under emotion.

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