How to become a successful trader?
- Thread starter Coner1980
- Start date
in order to me successful trader is not a trader who can bring profit for all time , successful trader only who can predict the real faction of this market with certainly.
we loss here first of all lack of knowledge and second one is lack of good broker which has a reliable support with security of funds.
Invest in knowledge, don't hunt for profits. Try to understand what can be your edge in trading - it should be based on some clear logical principle (not because red line crossed blue line lol). Take for example arbitrage - you buy where cheaper and sell where it's more expensive, but nowadays arbitrage opportunity is something that's really hard to find.
I think there is no one trader with the skill to capable predict the price market with certainly because the market very dynamic and unpredictable, but at least able to have an accurate trading analysis of more than 80% it's good trading skills
Is it possible to trade without technical analysis?
the technical analysis sometimes bring good result but its all about short time approach, only fundamental is real which work for long time.
Yes, fundamentals also need as consideration, although trader technical based still need to keep updated with the latest news fundamental, like take a look calendar economy schedule.
there is no hidden rules for success in this trading place , its open for all but still majority losers from there