tips for become a good trader?

Indeed practice is the main thing that will help a trader improve his skills.

 

practice is important mostly , because in spite of having good trading knowledge and experience trading can be useless if there is no regular practice.

 

True, there is always so much to add to your knowledge. We should never stop.

 

It is necessary to approach trading wisely - only in this case you can achieve high results.

 

Success comes to those who make an effort and are not afraid to develop.

 

You can surely research and keep learning at every step. Try to pay attention to your risk and money management.

 

good trader is a trader who is able to predict the real faction of this market with certainly , generally its a long term approach , so we the traders lost interest most of the time.

 

A good trader is not afraid to make a mistake or lose in order to draw conclusions from this and continue his trading.

 

Agreed, many loose interest in the middle of the game only, but those with real passion and zeal for forex, continue to strive hard and it is them who achieve good success here.

 

This question really deserves a vast and detailed answer. I would like to share few tips here which will surely help you to become a good trader:


· Get proper knowledge of Forex market

· Find a mentor first and learn various trading strategies from them.

· Start trading on a demo account, find your trading style and test your strategies there.

· Be consistent in trading to suppress the fear of making wrong decisions.

· And most importantly, have patience. Many traders do over trade to earn back their previous losses and lose more. Avoid doing this, wait to win another day or at the right time.