tips for become a good trader?

@777
Wouldn't that make the other trader a little insecure? And make them want to copy the trades of the people who are better than them. I think if someone wants to become a successful trader they should follow all basic trading principles .

Get the knowledge
Do the market research
Create a demo account
Back test the strategies
Once confident with your strategies go live
Trade only when you see a potential entry and exit point.
Avoid over trading and revenge trading to recover your money from the market over a failed trade.
 
I recommend you starting from babypips.com. They have an educational center where you will find lots of useful information about the forex market and how it works. I like this resource for the fact that it offers a kind of a study plan. So, you don't need to worry about where to start as the information there is presented in the most gradual and coherent way. I would also suggest you to read some books on economics in order to understand the basic principles of trading and how the prices are formed. Many people ignore such knowledge but it actually helped me to understand the logic of the markets which is necessary to understand if you want to do some fundamental analysis of different news and events. Later on, you've got to learn psychological tools which will help you remain cold-blooded and show you the way your emotions interfere with your logic. Finally, you can browse some forums in search of trading strategies. It is important not only to follow the logic of those strategies but also analyse them and come up with some ways to make them better.
 
I believe that without sufficient study of the economic market and lack of sufficient knowledge about trading strategies, as well as the correct choice of tools needed in trading can not succeed in this area. I agree with your advice on following information from reputable sources.
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I am also of the view that learning is crucial for becoming a good trader. I think that the most important parts to learn for forex trading include time and risk management, self control, fundamental and technical analysis, and knowledge of the market patterns.
 
Mauwebluefinger said:
Hello, i am a rookie to trading in forezx and what to seriously start with it.
Now i'm asking for some tips to get started and now the basics.Maybe some kind of courses you followed to recommend to me.
Thanks in advance
More...

Master Risk Management above all else!
 
There are actually lots of different reources which are free of charge. The first website which comes to my mind is babypips.com. There you can find lots of usefulinformation in their educational section. The whole forex market is explained there in plain English, so you will definetely understand everything. You can also use youtube to look for basic information that you need. There are many videos about forex, so you can search there. More than that, you can also go to the website which is called investopedia. Basically the site is devoted to investing and economics, but I strongly recommend you to read about those aspects. They will definetely come in handy. After getting some basic understanding of what a forex market is all about, you will definetely have some questions concerning trading. The answers can found in different forums which are devoted to trading like this one. All you need is discipline and patience, believe in yourself and never stop learning.
 
To what i can share off my experience in trading

You must study and learn before you earn.
Have a solid trade plan, and follow it.
Keep emotions at the door
Focus on quality trades
Avoid revenge trading
Keep Refining your edge in the market
 
Having received theoretical knowledge, you need to test it on a demo account, so you can learn about the broker's platform and understand where you need to tighten your strength
 
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