tips for become a good trader?

Indeed, reviewing plays a major role in the development of a trader.

 

experience no short cuts, no BSing, there are no great teachers only great students
"Human beings hardly ever learn from the experience of others. They learn; when they do, which isn't often, on their own, the hard way." Robert A. Heinlein

 

Be rules-based. For example I add to winning swingtrades that close at 2-day highs and scale out at 2day lows. I avoid trading inside days, eg if chart is inside prior day's range.

 

nice

 

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That;
+just because most of us wasted money by leveraging ignorance/that's the worst way. Best way to learn is cash markets.
Great 200 year old gun co=Remington Arms, but went bankrupt/split into 7 smaller companies,2020. Leverage=big mistake when things go wrong/against you.
But closing on a brighter note/Remington's big leverage loss = others gains.........................................................................

 

Learn to scalp and add when goes against for 1000 account start lot should be 0.02 and have a 10% cutoff and scalp reversals when a pair is over streched with 100-250 ADR and the RSI and TMA gives a signal you do reversal trade and take 3-10 pips and your out that way the big players have no impact on you and to begin with use major pairs with low ADR not GJ that is a beast also EUR/NZD is moving a lot and when averaging in every 10 pip you use 1+1+1+3+5+8+13 and when goes your way you close partials you can reopen if goes againts you again its the deep ones that make you money as long as cutoff isnt hit on minor pairs you have 15 pips between possisions hope this helps i traded this way for years a buddy of mine is a pro trading for clients and he had over 100 days without one loosing day and if your 10% is hit 10% doesnt take long to recover,,,

 

If you're complete newbie I would recommend babypips pip school or FPA Military school or some cheap Amazon book about forex. This would get you in into the subject quickly and then you have to start asking yourself questions and make corresponding research. There is no guide or ready solution.

 

Your recommendation really makes sense because in the beginning it is very difficult to get confused and make the wrong conclusions about trading

 

Simple to read, but quite important and little tricky to achieve.

 

Practice is the main key to becoming a successful trader, but do not forget that throughout the time you must replenish your knowledge.