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    Thread: What basic skills required to become a trader? (Part 2)

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      Default What basic skills required to become a trader? (Part 2)

      basic mean you need to learn about the forex. in this chapter you need to learn about the
      1. Indicator and its use.
      2. money management.
      3. risk management.
      4. time frame.
      5. pair and lots size.
      6. different kinds of account.
      7. spread and leverage etc.
      have a lots of thing that you need to know. they are the most important.


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      The basic skill you require to become a successful trader is in your hand. before you can know your basic skill you need to learn it very well, put more effort in your demo account by practice the account and come up with technical skill what will be profitable for you.


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      basic skills indispensable in trade, in the absence of the basic skills that every trader will not be able to do the trade, but all things have a basic business course so that we know what we have to do, it is clear our purpose in conducting trade.


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      Basic skill means not a big big step to take just try to maintain few thing like not trading over in a singe day always wait for a suitable position that not indicate your profit provide your account safety always take calculative risk because one or times market make you bigger so always try to stay in market no matter if you stay in a profit less position.


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      become a good traer you cna use your best skill that have to make by your own. your trading plan have to updated by your own. not only that you need to manage a good capital which have sufficient recovery power and using the moeny managemnt that capial is good.


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      Quote Originally Posted by sera fina View Post
      basic skills indispensable in trade, in the absence of the basic skills that every trader will not be able to do the trade
      There are some handful basic skills required, we donít need to be high thought traders, and just following some principles with patience will bring good result.


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      Quote Originally Posted by sakes View Post
      What are the basic knowledge or skills required for a person to become a trader in forex? I am not familiar with basic terms , like pips, reading graphs, so suggest some good source for starting.
      much that you can see and learn on the internet about this business .. by following this forum we also indirectly have learned ....


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      For becoming a forex trader you need to really hard working as more and more when you can do it after then will be profitable and will get your success that you want just keep your trading with forex and try to make some things better.


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      They need a basic skill of buy and sell in forex and to choose the best position he needs to learn analysis.If he can analysis trends properly will be able to make profit from forex easily.He can use demo account and www.babypips.com to learn and practice the basic skill of forex trading.


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      Quote Originally Posted by sakes View Post
      What are the basic knowledge or skills required for a person to become a trader in forex? I am not familiar with basic terms , like pips, reading graphs, so suggest some good source for starting.


      To trade in this market one need to get hands on the different tools that are called technical tools to trade well trader need to get hands on that tools and along with this good market knowledge is also required which can support a trader in decision making. This overall process is called learning.


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