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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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    Quote Originally Posted by Senorita View Post
    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. Been a good trader is good and management of our trade is really going to help us make it. 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 in this very opportunity in forex trading business.
    when traders think to be a trader and so it will trigger them to learn some basic or steps which should be taken by them, with read some books or other experiences that will give them the views for how to start it, and then get the experiences from it that will give them more understanding for some steps in front of them
    practicing and learning become the best way for them to get more experiences and skill, and that is the point for them to build their foundation before to be a trader
    there are many thing should be learned well by us and practicing to get the skill from it

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    Quote Originally Posted by kagho View Post
    without the trading discipline you will not make it in trading as even with a good trading system but a bad emotional management you cannot follow the rules of the system and also you will allow greed to come to your trading where you will risk more and enter trades anyhow without a valid reason for entry and thus in the end only have losses due to over trading
    if you want to become good trader then we need start from learning and practice with the demo account will help us develop to become a good trader who will have a better opportunity to make the good trader. been a good trader we need good management and also need good skills for the good trading.

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  4. #13
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    There is no double standard about been a trader. You must first decide you want to become a trader while you work very hard to learn and develop the needed strategy that will help you make good trade. A very great trader have the option to succeed here and its while we develop ourselves that we can make profits. A good trader is essential and if we can plan well and make progress in this business, we will definitely enjoy a better trade in forex.

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    i think we start with a process of learning and always concentrate on making a good money management and time management which give us a profitable trade and avoid to face loss after experience you can understand the movement of the market you should use many indicators and technical analysis to know about it and trade start with a good and reasonable amount for being a successful businessman in forex trading business.

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    Quote Originally Posted by hotm View Post
    i think we start with a process of learning and always concentrate on making a good money management and time management which give us a profitable trade and avoid to face loss after experience you can understand the movement of the market you should use many indicators and technical analysis to know about it and trade start with a good and reasonable amount for being a successful businessman in forex trading business.
    A good trader is the trader who has what it takes to succeed, that means starting from the right source because I learn there are so many traders who want to be a good trader but the issues is that they don't have the patient, those little things we think don't matter really do matter in as much as forex is concerned.

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    From what I read in this thread, I also made a conclusion that becoming a forex trader is very difficult job to do. Many obstacles must be passed through and all the time we have must spend in learning which sometime we may still don't understand few things. Meanwhile, to those who take this forex trading as easy matter I believe those people are very excellent in this business because they should've earned well here.

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  8. #17
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    Honestly there is nothing so hard in being a trader, but the question which is there is that are we evidently ready to do what all it takes before we can become able to make money. To be precises, learning takes a whole lot of time and we should be well assured that if we don't learn then there is no way we will be able to maintain success in the business, all we will get will be losses.

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    We become a big trader and good trader if we don,t take tension when we get loss in this business.trading is a business and in business profit and loss both are included.therefore this is the mean reason we leave this business but it is wrong. i gives advice to all trader that you takes all knowledge about this business.

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    [lang=ar]I think the most important question is how to become a successful trader Because it is very easy to become a trader all you have to do is to open a real account and make a deposit Of course you will lose and lose and will end up with you becoming a good trader or losing everything[/lang]

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    How to become a trader.

    Anybody that want to become a trader such person need to acquire knowledge first,by reading and watching forex video,also such person should get a forex tutor and go for forex seminars,then the trader should start trading on demo account, when the trader is perfect then the trader can move to real account and start with small lots size, as a times goes the trader will be improve,

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