One bro ask me.. How to be a good/successful trader? Although I am not a good trader. May be still not a trader only learner. Anyway following point can be very crucial for trading success. 1. If possible avoid demo trading. If you face fund problem then try cent account. I know many trader who are successful in demo trading but almost 90% failed in real world. 2. Try to avoid market maker broker,, they make fake candle, use plugins during news time, create so many problem that can demotivate you. 3. Never trade without stop loss. Please note: one loss trade can kill your 100 profit trade even it can kill your entire account. 4. Money management is just nothing but common sense. Before making any trade just think yourself about your possible loss and profit. It will automatically guide you. 5. Focus on early entry and early exit. Market is always uncertain so dont be emotional. 6. Cut your loss early and lets profit run. You can lock your trade using 3 kinds of SL. So try this. 7. Always invest less in broker rather try to withdraw more. More than 80% trader fully unable to withdraw their initial balance. So focus on it. 8. Focus on money management, risk management as well as trade management. 9. Try to develop your trading psychology each and every day. If you face loss then take it positively and try to identify the main courses behind it. 10. Develop a evergreen learning attitude. Respect others also get respect from others. Hope you will be an awesome trader in coming days. Just do it then enjoy your glorious career. Just note: Trading career can beat any other profession. Best of luck Good night.
Posted on: Sun, 21 Sep 2014 17:56:17 +0000
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