4 Things Traders Must Do To Be Successful

Zeenat shein

Banned
Apr 11, 2020
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Be confident, Fearless, Take risk, Stable emotionally, Not become greedy and always a learner from mistake are things i follow to become successful trader.
 

Dora_WalletInvestor

Active Trader
Aug 17, 2020
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walletinvestor.com
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.
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.
 

btseen

Banned
Jan 17, 2020
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Back testing your strategies on demo account is another thing traders must do in order to be successful. I personally do that a lot.
 
Aug 5, 2021
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Good points, definitely think all of them are important. A big one for me was focusing a lot on self-improvement instead of just chasing after the money.
 

tomass

Banned
Nov 18, 2021
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Emotional control is the biggest challenge yet the most important act that can help you become successful at forex trading. When you achieve emotional control, you don’t take unnecessary risks; you don’t close or exit trades too early; you don’t use high leverage; and you don’t even set unrealistic expectations. With every trade you enter, try to follow your trading plan and avoid any type of distractions.