tips for become a good trader?

Discussion in 'Forex' started by Mauwebluefinger, Sep 13, 2019.

  1. Dwayne

    Dwayne

    I agree. Greed and fear makes us over trade and that spoils the game.
     
    #41     Jun 5, 2020
  2. Diego23

    Diego23

    Don't you feel that sometimes Fear also can be useful to minimize the risk in forex trading ?
     
    #42     Jun 5, 2020
  3. kreskos

    kreskos

    In general, fear for forex is a very bad character trait. It will be superfluous. We need a system analysis that will show all the risks. And fear can only aggravate everything.
     
    #43     Jun 6, 2020
  4. notagain

    notagain

    Buying power stop, to force quit trading on a bad day. Trend following with multi time frames. Sizing price target and stop loss to fit within the daily average true range. MetaTrader platform creating a trading robot.

     
    #44     Jun 6, 2020
  5. KCalhoun

    KCalhoun

    Good thread.

    • To avoid overtrading, memorize and focus on trading 1 top setup
    • Trade very small size with very cheap stops
    • Look for opportunities in related pairs
    • Expect to take more stops than wins, use scaling to leverage winners
     
    #45     Jun 6, 2020
    Darc likes this.
  6. The best advice I can give you is to be patient and not follow the crowd
     
    #46     Jun 7, 2020
  7. To be successful in Forex, you always give your maximum to it. Learn it first and then think about making a good profit. Always do hard work which will be helpful to become a good trader.
     
    #47     Jun 7, 2020
  8. Dwayne

    Dwayne

    Yeah sometimes it can and sometimes there is FOMO too. So it can be both good and bad.
     
    #48     Jun 8, 2020
  9. evasmith

    evasmith

    The very first step to become a good trader is to practice a lot before you start trading with real money.
    Be passionate about what you are doing and keep a constant knowlegde of what is happening in forex market.
    Play safe but at the same time try to take some risk because risks turn into profits.
     
    #49     Jun 10, 2020
  10. kreskos

    kreskos

    In general, it is quite difficult to say who can be considered a successful trader. And if an experienced trader after a few profitable trades turns out so that the transaction will be unsuccessful?
     
    #50     Jun 11, 2020