How to become a successful trader?

Discussion in 'Forex' started by Coner1980, Jan 21, 2021.

  1. Kodakoto

    Kodakoto

    Successful people are those who really take it as a serious job.
     
    #101     Feb 17, 2021
    Y Davis and TradingDrills like this.
  2. Ishnge

    Ishnge

    I believe that the choice of a broker also affects the success of a trader, which is why I trade with Expertoption, because its conditions are quite favorable conditions, as well as very high-quality support.
     
    #102     Feb 17, 2021
  3. That’s correct. The broker plays a big role .
     
    #103     Feb 18, 2021
  4. Dugrel

    Dugrel

    It is not possible to become successful in 1 - 2 months, you must give yourself time, and, of course, constantly practice and study.
     
    #104     Feb 18, 2021
    Y Davis and TradingDrills like this.
  5. tedmos38

    tedmos38

    100% true. In the beginning face, we see a lot of losses and we should learn from that.
     
    #105     Mar 6, 2021
  6. tayte

    tayte

    Realize that alpha creation is a negative sum game, negative due to transaction costs. Observe how winning works in similar type games, e.g. poker, competitive video games, and you'll find some relevant answers.
     
    #106     Mar 6, 2021
  7. Thanag

    Thanag

    To be successful, you must be in a constant state of study and practice, this will give you the opportunity to achieve results.
     
    #107     Mar 7, 2021
    TradingDrills likes this.
  8. You can try different things like reading forex related books and taking some effective courses. The main focus should really be on your learning process. Try to understand the fundamental analysis and learn how it works. Keep working on your strategy until you find it to be profitable for your trade. I also keep trying different strategies and learn new aspects of trading. They’re low cost brokers so help me a good deal with my money management. Anyhow, I find that it’s important to keep on using newer indicators as old ones become redundant in new market conditions.
     
    #108     Apr 12, 2021
  9. 777

    777

    All of that seems reasonable but in reality probably will not work

    Try to find a real winning pro trader who will chat with you: hard. Even here, hard for a nice to know

    Stay away from gurus-for-hire (and expensive courses) These are mostly fancy hustlers

    A good a possibly helpful read for understanding what you are up against is the book:

    Trsders of the News Era

    The author of the above book posts in these forums

    Ideally you develop a relationship, even work for, a winning trader: A professional who "currently' wins. Very hard. Especially in short term trading like day trading, edges end.

    I commend you on trying to reason up a good learning plan but it is doubtful your current plan is enough.

    Beast wishes. Good luck meeting the right people.
     
    Last edited: Apr 12, 2021
    #109     Apr 12, 2021
    zghorner likes this.
  10. rule number 1- never trust the ig influencers. Signals are just cappin
     
    #110     Apr 13, 2021