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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. #501
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    Becoming a trader is not a feat that can be reached immediately you begin to trade, we need to follow learning seriously, learn and then follow the basic trading approach as experience and real results are what makes us be a real forex trader. It's very important we work on the right stage to plan on this trade and build a system they will sure help us to trade better and achieve the greater result in trading.

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    Registered user cutiekc's Avatar
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    The way to being a trader is through learning. There is no other way and we ought to comprehend that it isn't all about learning, but we ought to know that the learning that counts is when we have been able to have followed the demo account seriously, using the demo account gets to give traders more advantage and make them see the market for what it is.

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    To become a trader you need to first learn how to trade the market and understand the market movements,there are two types of market movement which is the trending market and the consolidating market so if you can learn this things then you are good to go and you have become a trader.although there is more to trading the market than just learning about the market trend and consolidation.

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  5. #504
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    Quote Originally Posted by juniorpeters View Post
    To become a trader you need to first learn how to trade the market and understand the market movements,there are two types of market movement which is the trending market and the consolidating market so if you can learn this things then you are good to go and you have become a trader.although there is more to trading the market than just learning about the market trend and consolidation.
    market move neutrally we should follow market, if we think we can do trade and can wish for market that is wrong, we should follow market that is really important for us, for successful trader we should use some proper management and analysis if we have both we can do best, so learn trade and make sure you do not use some wrong analysis, trend trading is good but for it our patience is compulsory

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  6. #505
    Registered user cutiekc's Avatar
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    There is something that we all should know and take note of, being a trader is all about learning and also depends on how much consistent we are with the learning, therefore, any one could trade the market and all that, but being successful and profitable takes a lot of learning and it takes a lot of determination from the trader to always do what is right and also learn what is right too.

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  7. #506
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    Learn about your own trading method, master it and then you will have an increasing success with the way you trade. Keep in mind that becoming a successful trader will surely take a lot of time and when you are a beginner you should not expect success to come easily. We should always do forex with proper learning and best experience of demo trading in order to become a successful trader.

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    trading is not easy as we think here we can place order and can earn if order goes into loss some wait can save us. but its other way when we use some time of wait that order can give us big loss as well. so that way of trading is also not good we should move with some technical or fundamental otherwise simple ways can give us just loss. i am sure we can earn good if we learn it in right way

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    We need to be looking at on how we can become a profitable trader, that is something that is worth it, because every one is in the business just to trade the market and then want to just trade and make money, but the best way the trader can become profitable is that they learn to take the best appropriate signals, so, the trader should be the sort of trader that is so much patient and also knows the right timing to take trades.

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  10. #509
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    Trading in the market takes a lot of learning before the trader can become a good trader, because being a trader can be just done by any one, but when it comes to being a profitable trader, it takes the trader a lot of learning and then understanding of the market, that way, one has to be disciplined and also has to be the sort of trader that can take good control over their emotions and also avoid bad trading decisions.

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    It easy to become a trader we just enough click register and join in broker forex and learn forex in demo or theory and try to choose the strategy. but the hardest of this business is mental pressure as trader it easy for us to get a stress and carried away by emotion.. that's why as trader we learn not only for how to trade with right but also we must to have a good psychology.

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