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Rules of Successful trader

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  • Post #201
  • Quote
  • Nov 29, 2020 9:30am Nov 29, 2020 9:30am
  •  MarcoDresner
  • | Joined Jul 2020 | Status: Member | 117 Posts
Success is the combination of few things. A good market analysis and discipline are the most important. Both requires knowledge and skills. Getting discipline in trading is the most difficult part.
1
  • Post #202
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  • Nov 30, 2020 7:51am Nov 30, 2020 7:51am
  •  rachelo
  • | Membership Revoked | Joined Aug 2020 | 25 Posts
Always try to protect your trading capital and learn from every trade.
1
  • Post #203
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  • Nov 30, 2020 10:23am Nov 30, 2020 10:23am
  •  mlawson71
  • | Joined Dec 2015 | Status: Member | 3,482 Posts
Quoting MarcoDresner
Disliked
Success is the combination of few things. A good market analysis and discipline are the most important. Both requires knowledge and skills. Getting discipline in trading is the most difficult part.
Ignored
A good trading plan also doesn't hurt, I think.
  • Post #204
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  • Nov 30, 2020 12:11pm Nov 30, 2020 12:11pm
  •  SamGoi
  • | Joined Aug 2020 | Status: Member | 92 Posts
Successful trading requires discipline and emotional control. Success in trading can never be achieved without controlling emotions. Money management and risk rewards are another important part of successful trading.
  • Post #205
  • Quote
  • Dec 1, 2020 5:23am Dec 1, 2020 5:23am
  •  Gotowin
  • | Joined Nov 2020 | Status: Member | 12 Posts
In my opinion, the most important factor is money management and the non-emotional and strong entrepreneurial spirit
  • Post #206
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  • Dec 1, 2020 9:12am Dec 1, 2020 9:12am
  •  Niels.Lar
  • | Joined Jul 2020 | Status: Member | 115 Posts
Quoting rachelo
Disliked
Always try to protect your trading capital and learn from every trade.
Ignored

Follow good risk and money management to survive in the market. Without those it is hard to survive long.
2
  • Post #207
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  • Dec 1, 2020 10:25am Dec 1, 2020 10:25am
  •  mlawson71
  • | Joined Dec 2015 | Status: Member | 3,482 Posts
Do you have any concrete advice how to do that?
  • Post #208
  • Quote
  • Dec 3, 2020 1:50am Dec 3, 2020 1:50am
  •  DarrenLehma
  • | Joined Mar 2017 | Status: Member | 479 Posts
any kind of start trading or real is very important and a tough game ,
we the traders have to start trading in a proper way , should finish first of all pre school level. then trade in a demo account.
  • Post #209
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  • Dec 4, 2020 3:58am Dec 4, 2020 3:58am
  •  AlexImam
  • | Joined Apr 2018 | Status: Member | 312 Posts
demo is good , agree with you , but honestly speaking we the traders above all beginners dont believe the importance of demo, as a result we have to focus on micro.
  • Post #210
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  • Dec 4, 2020 7:08am Dec 4, 2020 7:08am
  •  exultanttrab
  • | Additional Username | Joined Nov 2020 | 7 Posts
I think that a year is enough for anyone to get the basic idea of the market. Once you are done with obtaining the basic knowledge, you can trade to become profitable. But not before you learn.
  • Post #211
  • Quote
  • Dec 4, 2020 8:39am Dec 4, 2020 8:39am
  •  NeilWagner
  • | Joined Mar 2017 | Status: Member | 477 Posts
only knowledge cant bring more amount of profit from this trading place ,
sometimes you have to depend on luck , because there is nothing 100% in Forex trading
  • Post #212
  • Quote
  • Dec 4, 2020 2:10pm Dec 4, 2020 2:10pm
  •  DexterDuncan
  • | Joined Jul 2020 | Status: Member | 120 Posts
If you want to become a successful trader, you have to learn all the basiucs of forex first and practice as much as you can in a demo account.
  • Post #213
  • Quote
  • Dec 8, 2020 3:56am Dec 8, 2020 3:56am
  •  Awasim
  • | Joined Mar 2020 | Status: Member | 161 Posts
If we want to succeed in Forex and if we want to achieve good results in it then we need to do hard work and learn it perfectly. We can get maximum from Forex trading if we have good knowledge and skills and have a good strategy.
  • Post #214
  • Quote
  • Dec 8, 2020 4:06am Dec 8, 2020 4:06am
  •  allinazi
  • Joined Jul 2017 | Status: Member | 380 Posts
don't listen to the bs online
  • Post #215
  • Quote
  • Dec 8, 2020 6:36am Dec 8, 2020 6:36am
  •  HisaoFujioka
  • | Joined Jul 2020 | Status: Member | 117 Posts
Discipline is the first you should practice if you want to be a successful trader. All the successful traders on the planet are disciplined traders. They may have distinctive trading techniques however one thing is normal which is they are restrained. Taking in the market and being control is trading is the way to accomplishment here.
2
  • Post #216
  • Quote
  • Dec 8, 2020 10:58am Dec 8, 2020 10:58am
  •  mlawson71
  • | Joined Dec 2015 | Status: Member | 3,482 Posts
I agree. Without discipline profitable trading is impossible.
  • Post #217
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  • Dec 17, 2020 12:40pm Dec 17, 2020 12:40pm
  •  ViktorDanie
  • | Joined Jul 2020 | Status: Member | 115 Posts
Quoting rachelo
Disliked
Always try to protect your trading capital and learn from every trade.
Ignored
Well said. My moto is surviving and gain experience from it.
  • Post #218
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  • Dec 25, 2020 4:47am Dec 25, 2020 4:47am
  •  Deepak.Dubey
  • | Joined Apr 2020 | Status: Member | 370 Posts
Quoting HisaoFujioka
Disliked
Discipline is the first you should practice if you want to be a successful trader. All the successful traders on the planet are disciplined traders. They may have distinctive trading techniques however one thing is normal which is they are restrained. Taking in the market and being control is trading is the way to accomplishment here.
Ignored
True, being disciplined is half the work. No matter how good your system is without the discipline required to follow the system, you wouldn't have success in meeting your goal.
  • Post #219
  • Quote
  • Dec 25, 2020 4:51am Dec 25, 2020 4:51am
  •  Niels.Lar
  • | Joined Jul 2020 | Status: Member | 115 Posts
Quoting rachelo
Disliked
Always try to protect your trading capital and learn from every trade.
Ignored

Right. Loss is common in trading. So, accept the fact and learn from it.
  • Post #220
  • Quote
  • Dec 25, 2020 6:20am Dec 25, 2020 6:20am
  •  DexterDuncan
  • | Joined Jul 2020 | Status: Member | 120 Posts
If you want to become a good trader, you have to make a good trading plan and trade according to your plan.
1
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