How to become a trader
Page 1 of 58 123451151 ... LastLast
Results 1 to 10 of 578

Thread: How to become a trader

  1. #1
    Join Date
    Jul 2016

    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.
    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
    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.
    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


    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
    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.

    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.
    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.

  2. #2
    Join Date
    Jul 2017
    as a conclusion if you want to be trader . You only need a computer, internet and a small capital. Then start your learning journey around Forex. What are the principles and how to deal with platforms and what is the news after that apply what you learn on a trial account (demo) for a period of not less than 6 months. Then begins your own real trading by your small capital little by little . Here I talk about my personal experience in the Forex market and how I became a trader

  3. #3
    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

  4. #4
    Trader Senorita's Avatar
    Join Date
    Jun 2016
    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.

  5. #5
    Join Date
    Mar 2017
    it is good decision for one to plan in how to become a Forex trader because this is very good opportunity for us where we can do our business to use own skills knowledge and also our good experience to make our successful business, its all thing is very important to improve your business.

  6. #6
    Becoming a trader, most especially a forex trader is not a feat that can be achieved over night . It is not everybody you see before the trading platform that is a trader in the real sense of it . We have traders and we also have gamblers but funny enough , you hardly get anybody who calls himself a gambler but looking at their approaches to trading , you would know that these ones nothing better than gamblers in casino office. Becoming a trader begins with learning , and practice because that is the only way to acquiring the knowledge , skills and experience

  7. #7
    [I]f you really waant to become a trader in forex you should adopt a good strategy in the trading sector and have a look at whats happening in the market and what can be happened in other words you should use fundamental analysis as well as indicators to know about the upcoming results of the trends and trade off with a good and reasonable amount.

  8. #8
    Join Date
    Jun 2016
    The very essence of wanting to become a trader is to be able to trade forex and of course have a good advantage to earn better from this market. I think the best step to follow on this course is to start up to learn about this business and try as much to develop the needed system that can guide you to make a good trade in forex. We must take learning seriously and be ready to develop a better way to manage risk in this business as we look over to succeed in this trade.

  9. #9
    if you want to become a real trader and want success in trading market so always concentrate on your good money management which give you profitable trade and avoid loss. you can also have the ability to predict the previous movement of the market for this purpose you should use technical analysis as well as indicators to know about the trends and trade off with a good and reasonable amount for succeed in your business.

  10. #10
    i think the first step to success in forex is learning.learning and having experiance about forex is the first step you have working with demo account to improve yor skills then you take benefits of forex. this is very famous and very difficult business for making money in the world but it is very earn full also if you want to make many of profit then make your knowledge good at least the best about this business and you must get success in this business.

Page 1 of 58 123451151 ... LastLast

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