Five things to improve your trading

To improve your trading you should:

• Research the market thoroughly.
  
  
• Make an efficient trading plan.
  
  
• Know to manage the risks and capital.
  
  
• Maintain a trading journal.
  
  
• Avoid the greed of making quick profits.
  

 

This is when you think you know that the danger becomes way stronger.
- Be skeptical
- Be critical
- Be paranoiac
- Be emotional
- Be in control of all of the previous, you will become happy, optimistic and successful
Last thing (I know that a 6th thing), this is not because of others...

 

Emotional management is one of the key methods to have a good trading strategy. This is the best method for creating a good mind set for trading.

 

And before all this work hard on the learning part. That's too important.

 

Backtesting strategies would be the best thing we can do before entering the lives trades plus avoiding the revenge trades.

 

You can add more to this by doing demo trading which is kind of the last step before we come to real trades. It would help us to get real time hands on experience on how to use the strategy in real scenarios.

 

What is a bad trade?

How are you managing emotions?

 

Also after demo try not to go to standard lots but rather than go to the micro lots offered by brokers like fxview, IG and then go to the standard lots. It will reduce the risk.

 

That's right. Demo is a must try before staking real money into this world.