How to be a good trader?

I agree with you Esha, respect the market. This will mean that you thread carefully and not take too much risk.
 
I trade occasionally, not everyday. Daily checking the market and other traders suggestion then when I think I should trade, I trade for long term.
 
To be a good you need to be disciplined. Every other trait like money management revolves around discipline. If you lack discipline, you wont stick to your trading plan and manage your risks well. Patience is also mandatory since making profits in forex takes time
 
to be a good trader you must make money, everything else is BS. no ego, no bragging, no delusions it’s like any other profession you become good once you figure IT out. the IT in trading is money management. once you “master it” you become a good trader/profitable trader.

peace
 
Undoubted a well disciplined trader can have more plans and opportunity in Forex because of their controlled nature.
 
Areding said:
My goal is to become the best trader and I think everyone dreams of it, but it takes a lot of time and effort. The main - not to give up on half way
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mine too but has been for 25 years..most people goal is to make money maybe we can connect since we are like minded.
the problem with me is that i do not mind losing money. so i am not careful and very emotional and trade just on instinct
 
It
tradertrader said:
to be a good trader you must make money, everything else is BS. no ego, no bragging, no delusions it’s like any other profession you become good once you figure IT out. the IT in trading is money management. once you “master it” you become a good trader/profitable trader.

peace
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Well it refers mostly to investment, trading also requires very good technical background. I think you won't disagree with me that trading manual traders are the legacy. Majority of trading strategies are based on algorithmic approach (so coding + math)
 
all of you are talking about risk discipline etc, has it ever occurred to you to to find out what the market is doing and understand market movements?
 
pipeguy said:
Majority of trading strategies are based on algorithmic approach (so coding + math)
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majority of trading strategies are losing, algos and discretionary because you have an algo which no one know what the fu*k it is about, you are going to make money?
 
To understand the market movement we have to maintain our discipline so that we can have right movement to enter the trade and exit.
 
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