Setting good habits early on for me is a must. It helps to create discipline and will massively help you counter the psychological hurdles we all face when trading.
tips for become a good trader?
- Thread starter Mauwebluefinger
- Start date
tips for become a good trader?
A METHOD. Got Tested Setups and Triggers? Why Not?
All that other crap is just chin-wagging.
If you got no method, ya wishing and hoping and waiting and praying and playing with psychology thinking that will solve your problems with fancy schmancy paragraphs about what it would be like to drive that Lambo, "and if there was some gasoline, then here's how I would Make It Go".
Journal your trades .
Use Set and forget style trading don't chart watch .
Proper money management will keep you in the loop
Use Set and forget style trading don't chart watch .
Proper money management will keep you in the loop
yes proper money management is really important to bring good amount of profit. but sometimes our money management works to fail because there is nothing 100% in Forex trading.
Making a strategy is the result of persistence, perseverance and hard work. Use a strategy for a long time to prove whether it works well or not. A well-defined and profitable strategy can help you quench all your demands.
How would you characterize the term "well-defined" in this context?
“Well-defined” leaves no place for uncertainty.
Your actions have to be coherent over time.
The reason behind them have to be equal.
It’s a simple IF -> THEN plan of action.
You shouldn’t have to think,
Nor let emotions guide your business.
That’s what consistency is.
Practicing the same trick a thousand times.
The less uncertainty in your plan,
The better a trader you shall be.
money management works to fail above all when market moves at random and never follows any trend.
what you think guys there is any difference between money and risk management?