tips for become a good trader?
- Thread starter Mauwebluefinger
- Start date
Have you tried babypips pip school or YouTube free webinars? They offer good introduction, although its really the very basics.
i think successful trader or experience trader its all about same , both have most powerful analyzing trade knowledge and they know how to manage money when trading.
To become a good trader, you need to start from the basics. Understand the trading basics and then move on to learning the advanced basics. It is also important to have an understanding about the trading techniques. Attend the demo and start with live accounts to begin gaining some experience. For being a good trader, you should always be open to learning and should seek guidance when necessary. Along with this, make sure you keep evaluating your progress.
basic level of learning is most important for beginners level , but in practical life they always ignore learning approach, as a result they fall a great losses and ultimately blame this market place.
That's the sad reality. People are reluctant to learn more and more and simply want profits to flow in without much effort.
#1 Don’t be a sucker.
Don’t trade without an edge.
Don’t risk more than optimally.
Don’t trade what you do not see.
Don’t risk what you don’t understand.
Think in terms of probability not certainty.
Think in terms or risk not in terms of winning.
Don’t think short term. Don’t focus on this trade.
Do everything to maximize your bankroll’s rate of growth.
Do everything to minimize your risk of ruin.
Do everything to min(Risk) and Max(Reward).
To filter is easier than to amplify.
Fix mistakes. Improve. Adapt.
Take it very seriously.
It’s a business.
Not a game.
Try different underlyings, markets and approach.
Find something you like and perform better.
Don’t trade without an edge.
Don’t risk more than optimally.
Don’t trade what you do not see.
Don’t risk what you don’t understand.
Think in terms of probability not certainty.
Think in terms or risk not in terms of winning.
Don’t think short term. Don’t focus on this trade.
Do everything to maximize your bankroll’s rate of growth.
Do everything to minimize your risk of ruin.
Do everything to min(Risk) and Max(Reward).
To filter is easier than to amplify.
Fix mistakes. Improve. Adapt.
Take it very seriously.
It’s a business.
Not a game.
Try different underlyings, markets and approach.
Find something you like and perform better.
practice is the best solution to be a good trader but the main problem to keep continue , because regular practice is really tough , need a cool mind with great patience.