The best tip, which I follow till the date, is to develop a solid understanding of financial markets, create a trading plan and stick to it, and manage risk effectively. It is also a must for a trader to stay up to date with market news and analysis. Seek out educational resources and consider working with a mentor or joining a trading community. In short, never stop learning!
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
tips for become a good trader?
- Thread starter Mauwebluefinger
- Start date
no way to be a good trader without great level of focus and self commitment . so be cool always and try to develop self.
but as a new Forex trader that is really challenging, hope you got the point.
The best tip, which I follow till the date, is to develop a solid understanding of financial markets, create a trading plan and stick to it, and manage risk effectively. It is also a must for a trader to stay up to date with market news and analysis. Seek out educational resources and consider working with a mentor or joining a trading community. In short, never stop learning!
after having good risk management most of the time trading result can be useless , this is the dark side of this market place.
the good trader always knows how to set his mind , they are mentality strong compare to psychically strength . so we traders should work on our mindset first of all.
I couldn't agree with you more, I never forget a quote from an article I read online; "Only a sequential plan allows the trader to have a rational approach and form a solid foundation for further work". This is the basics for a having a stable mind.mindset is very important is real life as well practical life. but this is really a challenging issue to build a strong mind.