how to be a good trader?
- Thread starter Sforextrader
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It seems to me that in order to be a good trader, you need to invest a lot of effort in training and practicing your knowledge. In fact, the market is a very dynamic structure and it always requires you to do more than you expected, it may sound ridiculous, but it is my personal feeling. And in order to stay on par with him, you need to make an effort and develop. For me trading was a real test of strength, because only in this business I had serious losses. But now I can feel more confident and faster to cope with the difficulties only because in my time I quickly learned the above rule and began to apply it in my daily trading.
It seems to me that only constant training and practice can make you a good trader.
I just look at anther post where people recommend to start with demo too, thanks for giving all the picture
What do you think it should be learnt first? Data analysis? I've seen some estadistical methods that are recomended for people to learn
Correct! Being disciplined is a major prerequisite while trading.
Keep working towards your goals. Aim for consistency and work on your skills, learning part and keep testing your strategies with demo. This will help you be successful here.
Firstly you can do a course in forex trading or learn how and when to use different trading strategies. Make a plan, choose your broker wisely after taking into consideration all the offerings, keep your emotions at the door, never overtrade, practice as much as you can, it will make you perfect, always know your limits i.e. how much risk you can take, be patient and keep exploring new things about forex trading. Exploring and learning new ways is a never ending process which will help you to be a good trader.
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