tips for become a good trader?

Consistency and patience are the virtues in the forex to be able to make consistent winning trades. Traders who do not fail to identify the right trading opportunity and avoid making reckless trading decisions are successful in the long run.

 

For one to consistently make winning trades in the forex market, consistency and patience are virtues. For instance, I used FP Markets' demo account to learn about forex trading, and since they also provided educational materials, I was able to develop new skills and strategies.

 

how long have you used this company ?

 

the good trader knows how to manage emotions when trading in practical , so we should manage our emotions first of all.

 

according to me there is no good trader , because success in this trading place is a short time approach , nothing without it.

 

from my first day of trading i am trying to be a good trader but it never happens at all. still survive here with a great level of patience.

 

Ask yourself, am I prepared to lose every single penny I have. Am I prepared to lose everyone around me (to a certain extent). Are you prepared to lose your house, spouse, time with loved ones.
Do you have what it takes to pull yourself out of the gutter after years of humiliation.
If you can confidently say yes to all that and you will never quit even if you are left homeless at age 70, then you have a 3/10,000 chance of succeeding.

 

Practice on a demo account before going live.

 

Maybe you can check out school of babypips, they are pretty good.

 

Here are some tips to improve trading for forex traders:

1. Set clear goals: Determine what you want to achieve with your trading, such as a certain percentage return or a specific financial goal.

2. Diversify investments: Don't put all your eggs in one basket. Spread your investments across different currencies and financial instruments to reduce risk.

3. Continuously educate yourself: Stay up to date on market trends, economic news, and technical analysis.

4. Develop a trading plan: Create a detailed plan outlining your trading strategy, risk management approach, and the tools you will use.

5. Practice risk management: Proper risk management is essential to successful trading. Set stop-loss orders and use risk-reward ratios to minimise potential losses.