- Apr 11, 2020
Be confident, Fearless, Take risk, Stable emotionally, Not become greedy and always a learner from mistake are things i follow to become successful trader.
I totally agree. As a part of this, it is also important to learn about how to analyse your own trading results in hindsight, since it is not as simple as loss = bad trade and gain = good trade - there are many aspects and calculations to consider.Exactly!
Analyzing and learning from your good and bad trades help in the longer run. Also, as others are saying, the most important point is learning and practicing forex trading.
Thanks for the post with 4 good tips. Among them, I quite like the idea of keeping a journal. It really helps. I keep my trading history in a journal as well. I take a screen shot of my trade setup and write what equations make me take the entry. Every now and then, I take a look at my journal and try to find out my mistakes. I have been doing it for some years and it has helped me be a better trader that what I was.
I prefer using excel sheets for maintaining my trading records.One think I have been slack on is keeping a proper trading journal. Is there any decent software out there for this? Or are you all just using a word doc or something?
There are a lot of applications that you use to keep track of your trades. But I use Google spreadsheets.One think I have been slack on is keeping a proper trading journal. Is there any decent software out there for this? Or are you all just using a word doc or something?