tips for become a good trader?

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

  1. Concesso

    Concesso

    Use the demo tool before entering live, have a plan and create strategies.
     
    #61     Jun 29, 2020
  2. Sometimes the best trading is "sitting on your hand", -by Jesse Livermore.
     
    #62     Jun 29, 2020
    comagnum likes this.
  3. The main thing when you start trading in the forex industry is to understand that these are not toys.
     
    #63     Jun 30, 2020
  4. The basic thing you should understand that Forex is not so easy and it need hard work. If you can learn it and do practice contnisly then you can be a real successful trader.
     
    #64     Jun 30, 2020
  5. 777

    777

    Try to find someone who currently makes a living doing what you are trying to do. Not being able to find one may be a bad sign.

    Found one? See if they will chat with you, for starters.


    What worked a long time ago often does not work now.

    Most gurus-for-hire are hustlers who used to win or who never did.

    There is a lot of lying and delusional thinking swirling around trading.

    Remember that networking with believable people is important in most areas of life.

    Be skeptical and listen well, especially to smart people who see things differently than you.
     
    #65     Jul 3, 2020
  6. DepthTrade

    DepthTrade

    Money/ position management of risk is key. Since it is a 50/50 (besides costs) one should be able to constantly trade and break even. Then all you need is a slight edge to put you above 51% win rate.
     
    #66     Jul 3, 2020
  7. i came here to be a good trader but now i realize its not an easy issue that can be done with very short time , need a very good patience with a a cool mind always. by the way , very new i am in this community. i think you guys welcome me. thanks.
     
    #67     Jul 6, 2020
  8. banzok

    banzok

    In general, a good trader is a rather interesting concept. You need to understand that experienced traders also have unsuccessful deals - what should they be called in this case?
     
    #68     Jul 7, 2020
  9. Welcome to this forum asw a new forex trader , so many senior traders and advisors are available in there, i hope you always enjoy from here.
     
    #69     Jul 8, 2020
  10. banzok

    banzok

    Yes, the forum is actually quite interesting. It is very interesting to communicate with colleagues.
     
    #70     Jul 9, 2020