How to become a good trader?

[winscon sophia]

#1: Traders are not born with the ability to read charts or keep their emotions at bay. These are skills that you can learn yourself, through study, discipline and practice.

#2: Demo accounts allow you to test out strategies and different trading methods in real market conditions, but without risking real money. You will only really learn how to control your emotions though when your own money is at risk.

#3: Don't expect to master a trading strategy in one go – work on different elements in bite-sized chunks until you understand them and can fit them together like pieces of a jigsaw.

#4: Remembering why you are trading will help keep any losses in perspective. It will also give you the focus to get back into markets after you have suffered a disappointment.

#5: Get your mind into a logical state by writing down your trades beforehand. Writing down your entry, stop loss and profit targets helps to get your mind into a logical state.

#6: Write a trading plan that defines your trading strategy, the principles it rests on and your targets. Being business-like will help you approach your trading in a detached manner and identify any potential pitfalls.

Source from: Hallrich International

 

[xdesign]

thanks for this

 

[giant.1989]

#1: Traders are not born with the ability to read charts or keep their emotions at bay. These are skills that you can learn yourself, through study, discipline and practice.

#2: Demo accounts allow you to test out strategies and different trading methods in real market conditions, but without risking real money. You will only really learn how to control your emotions though when your own money is at risk.

#3: Don't expect to master a trading strategy in one go – work on different elements in bite-sized chunks until you understand them and can fit them together like pieces of a jigsaw.

#4: Remembering why you are trading will help keep any losses in perspective. It will also give you the focus to get back into markets after you have suffered a disappointment.

#5: Get your mind into a logical state by writing down your trades beforehand. Writing down your entry, stop loss and profit targets helps to get your mind into a logical state.

#6: Write a trading plan that defines your trading strategy, the principles it rests on and your targets. Being business-like will help you approach your trading in a detached manner and identify any potential pitfalls.

Source from: Hallrich International

 

[GoldenBird]

Yes trader must have trading plan. We must trade our plan. Be discipline when trading, will help us to get more maximal result. We also must improve skill in forex trading.

 

[goldenboss]

we need plan trading, and you must understand your signal. when you're out or in. when we have clear plan. we will be succeed

 

[AsmaraForex]

senang aje,nak berjaya..ikut ajer otai otai d cgold ni yg tlh bjaya

 

[GoldenBird]

we need plan trading, and you must understand your signal. when you're out or in. when we have clear plan. we will be succeed

Of course, we need trading plan to be able to get more maximal result in forex. Trading experience from demo account will help us to earn profit here.

 

[painofhell]

discipline when trading
thanks

 

[GoldenBird]

discipline when trading
thanks

OFcourse, we need to be discipline when trading if we want to get maximal result in forex. Trading plan and also strategy trading must be applied as well as possible. And try to make evaluation to make us be better when trading