tips for become a good trader?

[Nacarat]

Analyse your trading style before picking a trading strategy.

 

[Jwaavy23]

My recommendation:

1. Learn to use a backtesting platform.
2. Develop a trading model that is robust, with logical trading rules on when to enter, exit and take stop losses on your trades.
3. Trade the system religiously for 1 year straight, following your rules on every trade.
4. Keep a journal documenting how well you are following your system.
5. Keep backtesting other ideas and refining your current system as new information becomes available to you.
6. Judge your success not by making money. Judge your success by how you handle losing trades and your ability to stick to your trading system.

If you can do the above for a year straight, you may have a shot at becoming successful at this.

Thanks a lot steve. Those are really good suggestions to become a good trader.

 

[Ziara78wu]

A good trader is one who never stops learning and who finds the trading strategy that works best for them.

 

[Ahmed Solaiman]

yes the good trader always knows how to manage money.

 

[Layla2022]

As a beginner I think emotions should have less impact on trading performance. A trader must accepts wins and losses as a part of the learning.

 

[Zafar Al Asad]

there is no way to control emotions because it is common human habit.

 

[Henry520]

but when you have enough mental strength only on that time you can control the emotions level , otherwise no way at all.

 

[Abbas Ali Khan]

i always try to control my emotions by mental exercise as like Meditation. its really effective

 

[Faye_568]

Consistency is the only way to develop your trading skills. Make rules for yourself and stick to them.

 

[Ahmed Solaiman]

consistency is not only important but also important for real life. this is the best human habit.