What are the requisites to become successful in trading?

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Originally Posted by denira

yeah you are right even though we only use $ 10 of capital only after all our aim is not look for profit but how do feel the workout in a real trading account if we can be grateful for and if we can repeat statements

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thanks buddy for the compliment, learning with some involvement is always better than learning for namesake. if we want to be successful we should involve ourselves in the learning process actively. its always better to be a good student sitting among the front benches and participate in the discussion rather than sitting in the last row and having a nice nap.

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Originally Posted by alwi

yeah for me to start something or trade of small accounts is a good thing in my opinion because then we will train step by step to be able to control our emotions and that's a good move in my opinion

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yes it's true
because experience is the best teacher
and in this business we are required to survive in the face of this risky business

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Originally Posted by pinpin

yes it's true
because experience is the best teacher
and in this business we are required to survive in the face of this risky business

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I agree with you, the longer we stay, the more experience we can get.
and the more experience, the more adept we are facing the market.
then think about getting the maximum benefit.

ek accha trader hone ke liye kai are chiz ki jarurat he. jaise ki knowledge, time, aur ha practice, aur apne sikhne ki iccha,emotion ko control karna sikhna chahiye.
ek accha trader aap tab ho paoge jab ki aapke winning ke percentege jyada ho loss se. tabhi ja ke aap ek accha trader ban paoge.

A trader needs to be practical in his approach. He must be prepared to take risk, must take responsibility for all his actions. Must take decisions, whatever that may be. A trader is an independent entity and he cannot wait for some one else to make decisions for him. whatever has to be done, he alone must do it.

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Originally Posted by Raja Krsnan

A trader needs to be practical in his approach. He must be prepared to take risk, must take responsibility for all his actions. Must take decisions, whatever that may be. A trader is an independent entity and he cannot wait for some one else to make decisions for him. whatever has to be done, he alone must do it.

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rightly said dude, thats why we need to constantly update our knowledge and follow the market and trade consistently to gain more experience. These are the factors which will make the quality of our analysis better

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Originally Posted by mayengbam

rightly said dude, thats why we need to constantly update our knowledge and follow the market and trade consistently to gain more experience. These are the factors which will make the quality of our analysis better

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Also we should learn from our previous mistakes and do not make the same mistakes again.we should also keep improving our strategy and modify it till it becomes good enough to give consistent profits.

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Originally Posted by blackprince4u

Also we should learn from our previous mistakes and do not make the same mistakes again.we should also keep improving our strategy and modify it till it becomes good enough to give consistent profits.

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thats axactly what we should do, we should treat our failures(losing positions) as a good lesson to learn and mend it in time so that we dont face the same situations again. and its very important for our success

While learning from our mistakes and trying not to repeat it, one must also understand that we live in a very dynamic world which throws up many surprises. Use very simple methods that does not need to be changed every now and then. such simple strategies or methods work in almost all kinds of situations yielding good results.

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Originally Posted by Raja Krsnan

While learning from our mistakes and trying not to repeat it, one must also understand that we live in a very dynamic world which throws up many surprises. Use very simple methods that does not need to be changed every now and then. such simple strategies or methods work in almost all kinds of situations yielding good results.

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well once you say that we do not often change the system we use because it could be we will become confused and can never be what we want