How to become a trader - Page 58
Page 58 of 58 FirstFirst ... 8485455565758
Results 571 to 577 of 577

Thread: How to become a trader

  1. #1
    Registered user
    Join Date
    Jul 2016
    Posts
    2,069
    Promo (¢)
    120
    Thumbs Up
    Received: 15
    Given: 6

    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.

    Not allowed!

  2. #571
    Registered user
    Join Date
    Nov 2017
    Posts
    5,282
    Promo (¢)
    435
    Thumbs Up
    Received: 34
    Given: 87
    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.

    Not allowed!

  3. #572
    Registered user
    Join Date
    Aug 2014
    Posts
    6,496
    Promo (¢)
    1,590
    Thumbs Up
    Received: 56
    Given: 35
    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.

    Not allowed!

  4. #573
    Registered user
    Join Date
    Jul 2014
    Posts
    6,984
    Promo (¢)
    3,195
    Thumbs Up
    Received: 107
    Given: 66
    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.

    Not allowed!

  5. #574
    Registered user cutiekc's Avatar
    Join Date
    Dec 2013
    Posts
    23,508
    Promo (¢)
    2,685
    Thumbs Up
    Received: 158
    Given: 236
    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.

    Not allowed!

  6. #575
    Registered user Sascha's Avatar
    Join Date
    Dec 2013
    Location
    Racoon City
    Posts
    3,573
    Promo (¢)
    1,275
    Thumbs Up
    Received: 64
    Given: 56
    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.

    Not allowed!

  7. #576
    Registered user cutiekc's Avatar
    Join Date
    Dec 2013
    Posts
    23,508
    Promo (¢)
    2,685
    Thumbs Up
    Received: 158
    Given: 236
    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.

    Not allowed!

  8. #577
    Registered user layigold's Avatar
    Join Date
    Dec 2013
    Posts
    10,150
    Promo (¢)
    1,372
    Thumbs Up
    Received: 162
    Given: 90
    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.

    Not allowed!

Page 58 of 58 FirstFirst ... 8485455565758

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •