Discussion in 'Forex Education' started by Sforextrader, Mar 6, 2018.
how time's need to be a good and professional trader?
To be a good trader check this points:
Start with Demo Account
Follow a Forex Trading Strategy
Do Your Research
Be a Patient Trader
Find a Trading Style That Fits Your Personality
There is no specific answer, it depends on your dedication & determinations level; for me, it took almost 1 year to make my 1st profit.
Learn, Strategize and Execute! There’s a lot that needs to be done to become a good trader. Go back into your ‘school mode’ and learn the maximum about trading. Seek guidance and then start to trade. Don’t get over-excited, increase your pace gradually.
There is no specific time to make big profits, it will all depend on the determination and studies you have not only of trade but also of the market in general, When you join these studies and learn to analyze the market effectively the profits will be obtained almost safely but the effort you put in will be the basis of everything you want to achieve and how far you want to go.
There is no shortcut to success in trading . Patience and hard work are just ways which will make you a better trader . However there are a few things that you can do to become a good trader .
Learn through courses on websites . You can read some good books or articles on trading .
Always keep yourself updated on forex news , markets trends and price movements.
Calculate your risk reward proportion . Take reasonable risks .
Avoid over trading . After making consecutive profits ,close the trading platform.
Build a plan for yourself . Develop mental toughness and remain disciplined.
Manage your emotions . Decisions affected by emotions will not let you close profitable positions.
Choose your stocks wisely . Analyse them carefully and choose liquid stocks.
This pretty much sums it up the rest is down to experience
At least 6 months...
first we must learn, then practice and execute your techniques.
Dedication and consistency, whether that's 1 hr or 10 hrs a day
There is no exact timing in this market, unfortunately it’s not a university where you can get your license after two year or four years. Some people spend their whole life in here and still are losers. Some people are profitable since the first month. If you have a good mentor that could help you a lot. You don’t wanna make the mistakes that other people already did. You can invent “the wheel” or you can learn it from someone who knows how to build one. The second choice is a very better one.
Why are there some people good at trading? I want to learn more with this stuff
Some good advice here, I don’t consider myself a good trader yet but I’m working on it
They put the effort in to learn
Separate names with a comma.