How to become a successful trader?

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

  1. Riverman

    Riverman

    I believe that for beginners, it is essential to understand technical analysis and learn to identify technical patterns, in addition to maintaining discipline, to achieve successful trading.
     
    #341     Jul 24, 2023
  2. Sekiyo

    Sekiyo

    (Know themselves)
    Recognize what’s an Opportunity
    + The threats associated with it

    (Know thyself)
    Our ability to exploit them (Strength)
    + Their ability to exploit us (Weakness)

    (Know the conditions)
    Pick & Choose (through Time & Space)
    Opportunity, important enough to outweigh the threats

    (Blessing of the Gods)
    Aptitude to get the most out of our victories,
    Aptitude to give the least out of our defeats.

    Success is a blend of observations,
    Strategic, defensive and offensive skills.
     
    Last edited: Jul 24, 2023
    #342     Jul 24, 2023
    MACD likes this.
  3. Riverman

    Riverman

    Thank you for good tips
     
    #343     Jul 26, 2023
  4. What are the alternatives? Technical, fundamental, and...?
     
    #344     Jul 27, 2023
  5. to be a successful trader need a long time , minimum for 5 to n8 years. so patience is a big deal in this market place.
     
    #345     Aug 1, 2023
    murray t turtle likes this.
  6. if you have proper education and guideline i think within two years this is possible to bring profit by trading without any doubt .
     
    #346     Aug 1, 2023
  7. education + a great level of practice trading = the best result of trading
     
    #347     Aug 2, 2023
  8. simple solution but really difficult to implement.
     
    #348     Aug 3, 2023
  9. otherwise no way to survive successfully , without practicing trading even pro traders will not to bring profit with consistency.
     
    #349     Aug 4, 2023
  10. shine

    shine

    First of all, you need to focus on studying technical and fundamental analysis, controlling risks and your emotions, and also be able to choose a reliable broker with high-quality trading conditions, minimal spreads and instant execution. I liked the conditions at fxopen.
     
    #350     Sep 16, 2024