tips for become a good trader?

[crystalosborne]

Do not follow others. Understand your trading style and make trades accordingly, as what might be working for them might not work for you.

 

[melissabarton]

Make an efficient trading plan that comply with your trading style, financial goals and risk tolerance. Avoid trading if you do not have trading plan.

 

[angelaanderson]

Analyse and understand the fundamental factors that influence your chosen currency pair to trade with.

 

[amadosteel]

Never risk more than you can afford to lose. Calculate your expected profits and losses and analyse them properly and make trading decisions accordingly.

 

[donnaellis]

Have the right mindset towards trading and develop good trading psychology.

 

[stephenramir]

Practice charts and indicators and get a good hold on technicalities of the trading. And also consider learning the fundamentals and their analysis.

 

[florriefello]

Do not make frequent changes in your trading plan once the trade is placed. For eg, avoid changing position size and exit level or stop loss level.

 

[minimuscular]

Before starting to trade or even practise on demo account make sure you have gained all the basic knowledge and understanding about the market and its nature.

 

[Esah_Zain]

To become a good trader develop a trading strategy, a trader should stay updated on market trends. Manage your risks properly while trading by employing various risk management strategies, and always maintain emotional control.

 

[tomCooper]

managing risk is really a challenging issue , because market is much volatile and no way to survive successfully.