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    Thread: How can I become a good trader?

    1. #1
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      Default How can I become a good trader?

      as a newbie i dont know that how can i became a good trader ? but i want to became a good trader and became successful in my forex trading life, so can you tell me how can i reach at my view stage ? or the which trader about whose you can say that he is a good or best trader ?

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      yes you can become a good trade follow guideline always use stop loss and target price check news daily because probably currency value depend on news and there are three important aspects to enter into ur trade

      1) don't trade in sideway market
      2) always check major trend before enter into your trade
      3) and if u r trading in 5 min charts plz be careful dnt sell in up trend direction and dnt buy in downtrend direction

      And always use indicators such as macd , rsi and adx with same value

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      Quote Originally Posted by annasawan View Post
      as a newbie i dont know that how can i became a good trader ? but i want to became a good trader and became successful in my forex trading life, so can you tell me how can i reach at my view stage ? or the which trader about whose you can say that he is a good or best trader ?
      If you are newbie then you are welcome and one thing is very important in forex that you should be well manage with your money and try to open the position only if you think that market will be in your favor.

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      I don't know about any best or good trader in forex but i can give you some advice which may help you. First of all ignore fridays and mondays to trade these are days when the trend moves wildly. Always use the stop loss and use low leverage like 1:300.

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      First ,you should learn how to be patient in forex.It is a very easy job for you to be a successful trader in a so short time.It will take you a long time in learning the basement of forex,trading skills and money management.Pratice makes perfect.You still need a lot of trading experience to help you to become a successful trader there.

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      Quote Originally Posted by xiaotanghao View Post
      First ,you should learn how to be patient in forex.It is a very easy job for you to be a successful trader in a so short time.It will take you a long time in learning the basement of forex,trading skills and money management.Pratice makes perfect.You still need a lot of trading experience to help you to become a successful trader there.
      patience is related to your analysis because some time you open the trade and then market moves against you so you need patience to move the market to your destination but if your analysis are weak then no need for patience and close the trade at once.

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      to become a trader need only deposit that meets these demands of capital. before you deposit your capital, then all you have to do is, learn all the basic information about forex. you can find information on the website, such as babypips.com, mt5.com forum, ************.com

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      the secret is to just remain calm and hold ur nerves while trading. u should know how to manage ur money the enter and exit points and u should not take high risks like opening bigger lords

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      Almost every single trader want to be good in this field but it does not mean that we will get a better life in the trading , we need to control our greediness and make money fast fantasy any person who want to be successful very important for them to do just trade on strong signal kick out all those factor which bring losses for him or her

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      Practice with demo, build a trading strategy, keep a trading journal with trade entry and exit screenshot so you can analyze later. I suggest practice demo with 500$ or 1000$ with lower lot, don't practice with broker default demo value like 50,000$ or 1,000,00$ because you will open higher lot.

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