Level up to trade forex successful trading journals.. Likewise in trading, there are the 4 M's to become a successful profitable trader.
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Level up to trade forex successful trading journals.. Likewise in trading, there are the 4 M's to become a successful profitable trader.
The best strategy in my own definition is one that gives consistent profit in the long run. the actual best strategy for specific would become the strategy that we understand well. And in addition can income consistently alongside suitable money management stageQuote:
Originally Posted by Money hunter
Here some common traps that traders fall into, this is where the real decision about the trader’s future is made:
1. They stop trading all together
2. They find a new system, read a new book, and do another course. This can go on forever and successful trading will never happen.
Or
3. They evaluate what really happened. Mostly it will be that market conditions had changed or they didn’t follow their rules.
The the forex traders who go on to achieve greatness:
(a) Monitor the markets and start trading again but trade small amounts and don’t force trades, they then resume trading normally once they get back on track.
(b) Wait for market conditions that suit their trading style.
This is an important process to go through. Most traders go through this experience 2 or 3 times before they develop the skills to achieve their trading objectives.
There is many reasons that cause to be lossing. When are trading without a common understanding it may cause to lossn our fund. If we are aggresive and over consious to make money we abound to face losses
the most important conditions for success in Forex are : learn the good and the good knowledge of the fundamental and technical analysis , access the demo account for at least 3 months , good management of capital and risk management
be a successful trader is not easy back your hand. need lots of exercise and the time that we must sacrifice. not to mention the funds that we must bear the risk if fail. point in the forex business is tantamount to the other. only in forex we do it online. but for the mental and the other I think the same as any other business.
Become a successful trader you need regular practice. if you practice regularly you get little experiences and you can trade properly in any account. a successful trader must have known about market different strategies also.
you can become a successful trader by stick to the system that you think it is the best for you, after you have learn trading in reading the books and in trading the demo, syick to your system that you know very well
I can say that the most important conditions for success in Forex are : learn the good and the good knowledge of the fundamental and technical analysis , access the demo account for at least 3 months , good management of capital and risk managements really !!
success in always depend on the knowledge and the struggle you made for a trade or actually your learning help you out in you trading life its the tuime where a trader can learn and can get knowledge about a trading that the main step fo getting a successful trader