How to be a good trader?

Discussion in 'Forex' started by luxergarden, Oct 30, 2018.

  1. geedy

    geedy

    Know your limits and be realist with your expectations from the market. Always know that the market is not all the way rosy, meaning things might go wrong at some point. You should be ready to handle them.
     
    #41     Feb 27, 2019
  2. Master one thing before moving on to the next. Too wannabe successful traders try to run before they can walk
     
    #42     Mar 3, 2019
  3. geedy

    geedy

    The main issue here is that they see or hear about those who are supposedly rich over night in the market, but they fail to realize that there is always more that meets the eye.
     
    #43     Mar 6, 2019
  4. pipeguy

    pipeguy

    Who are that fabulous persons? George Soros? Extrapolating his success is the dumbest things which ultimately leads to fail. He just an outlier from the sample :D
     
    #44     Mar 10, 2019
  5. icegeek

    icegeek

    always test strategies on demo, before applying them on live.
     
    #45     Mar 12, 2019
  6. geedy

    geedy

    Of course it is vital to test strategies out on demo first to play safe, so as not to lose precious funds. For me it's a risk management thing.
     
    #46     Mar 12, 2019
  7. icallgod

    icallgod

    That's the spirit of the market, you can't afford to give so early. When you continue to persist, you will definitely reap your reward.
     
    #47     Mar 14, 2019
  8. pipeguy

    pipeguy

    Your persistence could go well or wrong. Depends on what lessons you learn for your fails
     
    #48     Mar 15, 2019
  9. Just follow your trading plan and develop your trading strategy. and everything will be :thumbsup::)
     
    #49     Mar 15, 2019
  10. Esha.J

    Esha.J

    To be good trader, you have to follow the rules and always keep in mind that Forex is risky so never risk more money which you can not afford to loss.
     
    #50     Mar 15, 2019