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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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    I gives advice to all trader that they takes all knowledge about this business.we become a big trader when we takes big knowledge about thins business. i gives advice to new man that they takes knowledge from book and internet and other any source of knowledge because without knowledge you do not become good trader.

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    Quote Originally Posted by Muhammadasjad View Post
    I gives advice to all trader that they takes all knowledge about this business.we become a big trader when we takes big knowledge about thins business. i gives advice to new man that they takes knowledge from book and internet and other any source of knowledge because without knowledge you do not become good trader.
    First before any one will want to become a forex trader, they will have to learn and look into the fact that we have a lot of people who are losing their money so we need to learn and see the reason why they are losing so as we can avoid the losses from coming in on and on. In a nutshell, we also need to make sure that we attach out selves to some experienced skilled trader that we can gain experience from.

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    The need for being a trader is so that we can make money often from the market, of which we all know that the market can serve as a good means of making money, which is true, but before we can make money and succeed in being a real trader, we need more than the the knowledge, but we need more of discipline and emotional management.

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    You become a trader through learning and practice and you keep your status as a trader by this same process. You cannot become a trader in a day, that is one thing so many people do not know . It takes time to accumulate knowledge , skills and experience , even after that , you will still have to face a lot of challenges in trading and overcoming those challenges would add more to your knowledge and expertise in trading . You cannot become a trader through a wishful thinking , you have to rise up to pay the price .

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    Learning and proper practice both would be important to enhance our trading output and trading experience level there is no trader in forex market who can get an wonderful trading result at once, here we have to work with a good trading system first and have to do trade with a good mindset and management. Its a long process but experience and practice these two would be enough to understand the market.

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    Quote Originally Posted by Ragnar View Post
    The need for being a trader is so that we can make money often from the market, of which we all know that the market can serve as a good means of making money, which is true, but before we can make money and succeed in being a real trader, we need more than the the knowledge, but we need more of discipline and emotional management.
    The potential and ability for us to make money from forex will surely be a great one for us to trade forex. We all here to be able to make profits and we believe that with a very great plans and proper trading, we will surely enjoy a better trade for ourselves. To earn well and make good trade is necessary and as a trader we must have the very best intention to succeed so good.

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    Rome they say was not built in one day and to make a good soup, a lot of good ingredients must have gone into it, so to become a trader here in the forex market a lot of things are involved and that will start from understanding what the forex market is all about and wha the market is not and must be able to separate between the two, for example the fore4x market is a financial market with great risk, and at the same time the forex market is not like a casino where money are double in a split second, you have to plan very well and become a discipline person so that you do not allow greed to lead you in the market.

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    In order for us to be a successful trader , we must resolve in our mind that we have the interest in the business, then we must ready to learn and acquire the necessary skill and knowledge of the business,we must ready to know every aspect both the technical and fundamental, half knowledge may not be able to work well in this business, hence we must have quality time to learn and practice.

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    every trader should remain target to be good trader. a good trader have lot of experience and lot qualities. So a good trader never be crazy and greedy. If these two quality remain we should avoid it and we should also remember that forex trading is not a temporary business. forex is longterm business.

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    Quote Originally Posted by ORACLE OF GOD View Post
    Rome they say was not built in one day and to make a good soup, a lot of good ingredients must have gone into it, so to become a trader here in the forex market a lot of things are involved and that will start from understanding what the forex market is all about and wha the market is not and must be able to separate between the two, for example the fore4x market is a financial market with great risk, and at the same time the forex market is not like a casino where money are double in a split second, you have to plan very well and become a discipline person so that you do not allow greed to lead you in the market.
    we all want a process of making good trade faster than expected but the more we are into forex, the more we have to realize that we need patience to make it in the best way. Becoming a good trader comes with a huge sacrifice and we must be ready to do what it takes to make it to the top. Staying focus and motivated will help a trader work more harder with the very mind of achieving that which he really would want to achieve when the time becomes right.

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