How to be a good trader?

[CrytpoTrading]

It's not that easy Lloyd, sometimes you just can't control your emotions and feelings, especially when it has to do with your investments. But we just have to try I guess, because emotions are a crucial part of the market.

Yes they are!

 

[Mellov]

Yes they are!

If I may ask quickly, how do you handle or deal with your emotions in the market, especially when they are high?

 

[CrytpoTrading]

If I may ask quickly, how do you handle or deal with your emotions in the market, especially when they are high?

I have a set method and don't deviate from my rules or plan.

 

[geedy]

Of course, there is no substitute for hard work
it's better start from learning Forex basics. after it you can practice on free Demo account, for instance at JustForex. On Practice account you can test your trading strategies, and make a real deposi

No one can do otherwise, else it will mean failure. There is no option as to learning before we start trading in the market, if we don't learn before we start then we just want to give away our funds.

 

[erensenez]

I have 5 years experienced, but I'm also trying to be a good trader

 

[pipeguy]

I have a set method and don't deviate from my rules or plan.

Good for you. I assume you are above breakeven, otherwise I won't choose such a boring way to lose

 

[icallgod]

A bit of history you've written here. Well, there are so many factors involved in trading; so much risk to be taken and so much money involved. You can't be right about it all because you weren't there. Being a top Forex trader is not as easy as they have made it look. There have been series of risks involved.

I totally agree, there are times when you just let things take their natural course. Not because you don't want to do anything, but because there is nothing you can do about the situation.

 

[pipeguy]

I have 5 years experienced, but I'm also trying to be a good trader

How was your success so far? Are you still struggling to be profitable or already on the green side and trying to avoid to swap into red ?

 

[erensenez]

success always come from hard work! I'm still trying to learn new something,

 

[Handle123]

"How to be a good trader?"

Before real time, have a well back/forward tested Trading Plan. Take a simulated account trading amount you will start and triple, three separate times.

Find a way to de-stress before you trade.
Reward to risk should be no less than 2 to 1.
Have no greater than 50 % losses.
Study tops and bottoms, they often form reversing patterns and reversing patterns change trend quicker than indicators.
Study "time", how long profitable trades take so you have better understanding of getting out at breakeven is a win than overstaying.
Have a loss limit and stick to it.