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Thread: How to become a trader

  1. #571
    Trader
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    You get to become a good trader depending on how much skills you have. Don't think that becoming a trader is mainly on a person's ability to take trades, it is not only on that but way beyond that too, we need to know how to take trades and at the same time, make sure that we are making good consistent decisions. Becoming a trader has to do with the trader knowing what they should do and what they shouldn't.

  2. #572
    Quote Originally Posted by Real View Post
    You get to become a good trader depending on how much skills you have. Don't think that becoming a trader is mainly on a person's ability to take trades, it is not only on that but way beyond that too, we need to know how to take trades and at the same time, make sure that we are making good consistent decisions. Becoming a trader has to do with the trader knowing what they should do and what they shouldn't.
    During trading not just our trading skills but also mental skills are put to test, I mean our mindset has to be stable. It takes all the dedication and relentless efforts to become a good trader and if we try for easy success in Forex, we actually invite the misfortunes. Literally a Forex trader is a person who transacts in the forex market and then a Forex trader can be earning money in Forex and also can be losing money depending on how he is able to trade.

  3. #573
    Quote Originally Posted by AmitChallenger View Post
    During trading not just our trading skills but also mental skills are put to test, I mean our mindset has to be stable. It takes all the dedication and relentless efforts to become a good trader and if we try for easy success in Forex, we actually invite the misfortunes. Literally a Forex trader is a person who transacts in the forex market and then a Forex trader can be earning money in Forex and also can be losing money depending on how he is able to trade.
    Mindset plays a very crucial role in trading because one who cannot hold his discipline or keep his greed under check will see all his strategies and plans going void. No one would ever like to be a loser and everyone wants to have good earnings in Forex. But the real picture is quite contradictory to that, many have ended up just becoming losers in Forex though few managed to achieve amazing success.

  4. #574
    Being a trader is a choice we have got to make, then when we have made that choice then we have to follow it up with learning and some serious practice, that is how we can get to become successful trader. What we should aim for is on how to become successful and not just how to become a mere trader who can just open and close trades without good profits.

  5. #575
    Trader Sascha's Avatar
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    Quote Originally Posted by cutiekc View Post
    Being a trader is a choice we have got to make, then when we have made that choice then we have to follow it up with learning and some serious practice, that is how we can get to become successful trader. What we should aim for is on how to become successful and not just how to become a mere trader who can just open and close trades without good profits.
    i've never be dreamed about becoming a forex trader since i was young and this business got me crazy since the beginning i joined on 2012. at first i thought my business was with culinary or to be an entrepreneur but in the end, i'm keeping those dreams away because i've decided to be a forex trader. i didn't choose this, but i'm forcing myself to become one good trader by working hard. can't imagine how many mistakes i made until i got here with better result.

  6. #576
    Quote Originally Posted by Sascha View Post
    i've never be dreamed about becoming a forex trader since i was young and this business got me crazy since the beginning i joined on 2012. at first i thought my business was with culinary or to be an entrepreneur but in the end, i'm keeping those dreams away because i've decided to be a forex trader. i didn't choose this, but i'm forcing myself to become one good trader by working hard. can't imagine how many mistakes i made until i got here with better result.
    I have always liked to be someone that can make money online, hence I have always been able to like forex trading, I had done other business in the past but forex trading is the most interesting one, of them all, the one that I know that I can last more longer in and also the business that I know the success, I will get is all depending on me, so I have to work more harder.

  7. #577
    You do not become a trader in a day , it is more of a process that takes time , patience, hardwork ,discipline and commitment to learning and practice.Forex trading is what you learn and master gradually and when you feel you have arrived, you will later get to know that there are still many grounds left uncovered. As time progresses, you will be able to judge through your performance in trading whether you have got the level you can call yourself a trader or not.

  8. #578
    One of the most troublesome things when trading currencies and different resources are determining where to put in your stop-loss request. There is likewise a significant level of the order included not to move your stop and face an extra challenge when the exchange doesn't work out for you. For instance, if you have entered a long position and the price starts to drop, you ought not to bring down your stop trying to give the market time to recover and get presented to a higher-than-the-predetermined risk.

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