free forex Posted August 27, 2019 Share Posted August 27, 2019 How to become a successful trader To become a successful trader, you need a clear system that helps you to stay consistent and handle negative market movements. You must also guard against becoming over-emotional. There is no magic formula to becoming a successful trader, but there are a few steps you can take to make sure you’re mastering both the basics and complexities of trading: Do your research Create a trading plan Practise your trades When you’re ready to take on the markets, you can open a live trading account. Do your research Improving your knowledge of financial markets is the first step to becoming a successful trader. Start by researching the different markets available to trade and to build your trading skills. Remember that you can never know too much; if you want to be a successful trader, you must always aim to improve your knowledge. Create a trading plan A trading plan is a blueprint for how you are going to trade. It is driven by your trading strategy, helping you to quantify your goals and motivation. Your trading plan also covers your risk management strategy and preferred analysis method. Learn how to create a successful trading plan Practise your trades If you want to put your trading plan into practice, you can start trialling your trades on demo account. With a demo account, you can develop your skills without risking your capital right away. Practising your trades will also help you to refine your trading strategy and learn from any mistakes. Quote Link to comment Share on other sites More sharing options...
Latham Lapard Posted October 8, 2019 Share Posted October 8, 2019 It’s not so easy to become a successful trader, as we have to be extremely hard working to manage it right. The most common way is to have strict risk/money management along with analysing the market right. As these are the ingredients that gets you the results you are after. I find it a lot easier thanks to FreshForex their fantastic setup from controlled spreads to bonuses, it’s all superb. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted October 16, 2019 Share Posted October 16, 2019 Forex trading is accessible, exciting, educational and offers traders lots of opportunities. Despite all this, many traders fail to achieve good results in this market. Everything you do has some type of risk and to control risk you need basic mathematics and defining certain rules or facts that can be useful in controlling risk. Quote Link to comment Share on other sites More sharing options...
Leonardo Posted October 16, 2019 Share Posted October 16, 2019 Giving proper attention in your trading, keep patience, working hard and acquiring good trading knowledge are the most important factors that can really help you to become a successful Forex trader. If you follow those rules you will be easily successful. I join at ForexOne trading company the best and award winning Company in this field. They always have the best facilities and features in their platform without any restrictions so trade with them. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted October 18, 2019 Share Posted October 18, 2019 Achieving success in forex is not an easy matter, so traders must be able to be more leverage in utilizing Tickmill's education programs so that they can be more leverage in improving trading skills that are in line with expectations when they are in Tickmill's real account. Quote Link to comment Share on other sites More sharing options...
Namu Posted October 27, 2019 Share Posted October 27, 2019 when trading, you should not be fixated on seeing profits, we also need to manage its risks, because this business must be stable to be able to manage the funds and the risks that exist. when it can be controlled, then this trading can be utilized properly, especially with services that can increase us to profit consistently Quote Link to comment Share on other sites More sharing options...
uncle gober Posted November 18, 2019 Share Posted November 18, 2019 that's why novice traders should be able to take advantage of the educational programs provided by Tickmill, this is needed so that traders can become more leverage in improving existing trading skills, because in forex it will never be instant. Quote Link to comment Share on other sites More sharing options...
pipdmt Posted November 19, 2019 Share Posted November 19, 2019 On 8/27/2019 at 9:25 PM, free forex said: How to become a successful trader To become a successful trader, you need a clear system that helps you to stay consistent and handle negative market movements. You must also guard against becoming over-emotional. There is no magic formula to becoming a successful trader, but there are a few steps you can take to make sure you’re mastering both the basics and complexities of trading: Do your research Create a trading plan Practise your trades When you’re ready to take on the markets, you can open a live trading account. Do your research Improving your knowledge of financial markets is the first step to becoming a successful trader. Start by researching the different markets available to trade and to build your trading skills. Remember that you can never know too much; if you want to be a successful trader, you must always aim to improve your knowledge. Create a trading plan A trading plan is a blueprint for how you are going to trade. It is driven by your trading strategy, helping you to quantify your goals and motivation. Your trading plan also covers your risk management strategy and preferred analysis method. Learn how to create a successful trading plan Practise your trades If you want to put your trading plan into practice, you can start trialling your trades on demo account. With a demo account, you can develop your skills without risking your capital right away. Practising your trades will also help you to refine your trading strategy and learn from any mistakes. Thanks a lot for this contribution, I'm glad you have talked about Trading plan, one thing I want to state, and this is something I learnt fro m Freshforex webinars, have a very simple strategy and stick to it, that simple! Quote Link to comment Share on other sites More sharing options...
Baazex Posted November 20, 2019 Share Posted November 20, 2019 To be a successful trader you must have enough capital and not invest when you’re in debt you can start with small traders , small steps become leads towards achievements but without having sufficient capital you can face emotional disaster so make sure you have sufficient capital to kick start Quote Link to comment Share on other sites More sharing options...
pipdmt Posted November 20, 2019 Share Posted November 20, 2019 5 hours ago, Baazex said: To be a successful trader you must have enough capital and not invest when you’re in debt you can start with small traders , small steps become leads towards achievements but without having sufficient capital you can face emotional disaster so make sure you have sufficient capital to kick start See, I think Capital is of secondary interest, I have people trading with Freshforex, most of them started with capitals as low as $500, most of them now have more than $2000 in their accounts! Quote Link to comment Share on other sites More sharing options...
uncle gober Posted November 21, 2019 Share Posted November 21, 2019 besides that the trader must also be able to prepare his trading skills, this is needed so that the trader can become better and be more optimal in carrying out trading activities that are in line with expectations when he is in a real Tickmill account. Quote Link to comment Share on other sites More sharing options...
pipdmt Posted November 21, 2019 Share Posted November 21, 2019 This what I learnt from one of FreshForex webinars, the secret is to get a simple strategy and stick to it, that simple! such a strategy must have risk management embeded in it! Quote Link to comment Share on other sites More sharing options...
Baazex Posted November 24, 2019 Share Posted November 24, 2019 The better you learn the more you earn , trade with demo trading account though demo account trading is not realistic enough as you are not using real money and you don't have any emotional connection with the money because its dummy and it dosent matter either you loose the amount but if you have some money in the liv account you have actual emotional connection you have a feel how market goes but still I would suggest to start with demo account because it will build your decision making power once you master in it you can go with real money. Quote Link to comment Share on other sites More sharing options...
Brendarchristmas Posted November 25, 2019 Share Posted November 25, 2019 So how about we return to how it's conceivable to get to being a fruitful broker.. Doesn't need to be intraday or positional exchange constantly to win cash.. All u need is the correct methodology First comprehend one thing one lakh rupees in a bank will give at the best 8%-9% per annum … . the normal business measures of a fruitful interest in stocks is just around 30-40% per annum at the best.. So a one lakh rupees ought to in a perfect world make 30–40k in one year.. Or on the other hand 3000–4000rs every month… So with around 20 exchanging days a month averagely if u make even 200rs every day u r bound to be effective!! Presently that is the arrangement u should adhere to strictly to b effective Keep proper record size - it implies that u ought to have atleast twice or thrice the estimation of part that u r exchanging.. So on the off chance that a great deal of some scrip costs one lakh, at that point have 2 lakhs or three if conceivable.. Having additional extra gives u alternative to do same bring in intraday and convert to positional if necessary.. Additionally when u lose in a couple of calls it ought not stop u to make ur next calls because of deficiency of assets. Try not to take influence.. try not to dream to twofold or triple ur account size in a week or month.. Recollect U simply need to make only 4000 in the entire Month.. So why go out on a limb use and increase ur danger of misfortune in products of 5x 10x or at some point even 40x.. Have an arrangement.. When to open call and when to near fiasco.. Stay on track.. U may very well need one point or half call attention to turn out every day if exchanging intraday or a couple of focuses if positional exchange with longer time span diagrams.. In the event that you need to book misfortune.. Do what needs to be done.. Try not to stress not all calls will b hit.. Be that as it may, if u exit with stoploss hit.. U will in any case have loads of cash to exchange a lot more exchanges.. Continue looking into your exchanging plan with different time allotments before u enter and close the call At the point when u r concluding ur exchange system.. Do bunches of back testing the methodology on atleast a couple of long stretches of diagrams of the scrip. Figure out how to sit and stand by quietly for the correct minute.. Just coz u have the assets don't bounce on to begin a call despite the fact that ur methodology hasn't given u the correct sign.. Essentially by passing by ur gut impulses.. U will apologize a large portion of the occasions!! Do a couple of long periods of paper exchanging to set aside ur hard earned cash.. U will chuckle at how a lot of cash you could have spared if u papered exchanging the underlying learning days..!! There will be many such things which can be referenced however I think these are top need. Quote Link to comment Share on other sites More sharing options...
Yokora Posted March 6, 2020 Share Posted March 6, 2020 Success comes to those who really strive for it and make efforts. Quote Link to comment Share on other sites More sharing options...
Aurne Posted March 9, 2020 Share Posted March 9, 2020 All you need to become a professional trader is this time. Quote Link to comment Share on other sites More sharing options...
Gosida Posted March 9, 2020 Share Posted March 9, 2020 A successful trader is not one who trades every day, but one who earns. Quote Link to comment Share on other sites More sharing options...
maspluto Posted March 12, 2020 Share Posted March 12, 2020 achieving success in forex is not an easy matter, this is needed and needed so that traders can become better and can get more leverage in producing profits in accordance with expectations and can become a trader of the month Tickmill. Quote Link to comment Share on other sites More sharing options...
Namu Posted March 12, 2020 Share Posted March 12, 2020 10 hours ago, maspluto said: achieving success in forex is not an easy matter, this is needed and needed so that traders can become better and can get more leverage in producing profits in accordance with expectations and can become a trader of the month all of that requires a process and maximum effort in managing and controlling the business and we must really try and understand everything well, to be able to make trading more profitable when entering into a real account with a FreshForex broker Quote Link to comment Share on other sites More sharing options...
bigxy Posted March 14, 2020 Share Posted March 14, 2020 Success does not come over the night neither profitability, so the new traders have a long way to become a profitable trader which cannot be achieved without learning the processes. Quote Link to comment Share on other sites More sharing options...
Truthstaff Posted March 15, 2020 Share Posted March 15, 2020 If you want to succeed, you can quickly become important enough to have a stable income and you should consider success from this. Quote Link to comment Share on other sites More sharing options...
bigxy Posted March 17, 2020 Share Posted March 17, 2020 I am not sure if we can make stable income in forex in start. Maybe we could arrive at this level after doing some hard work. Quote Link to comment Share on other sites More sharing options...
maspluto Posted March 18, 2020 Share Posted March 18, 2020 because that is important for traders to be able to do training and learning well, traders to take advantage of demo accounts and educational programs from Tickmill better and can be even more optimal than before. Quote Link to comment Share on other sites More sharing options...
Guerrero Posted March 19, 2020 Share Posted March 19, 2020 Experience and learning in forex can make one person successful, but success is not consistent sometimes loss will occur but can gain it back by profit. Quote Link to comment Share on other sites More sharing options...
Hellsinger Posted March 20, 2020 Share Posted March 20, 2020 We need a predisposition to this, an analytical mindset and desire. Knowing and making money are two different things. Quote Link to comment Share on other sites More sharing options...
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