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For being a good trader

Discussion in 'Beginners Forum' started by Anderson, May 18, 2020.

  1. Anderson

    Anderson

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    For being a good trader you do not need to be an expert in math. Basics knowledge of math will do the work. Learnt to read the market. Observe charts as much as possible. Do demo practice and apply what you are learning. Learn by doing experiments. Have a learning attitudes. You have to spend a lot of time in learning.
     
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  3. Fx Master

    Fx Master

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    It is really important to ensure a credible trading broker for ensuring a healthy trading life with surely because the trading platform can affects the result of our trading. We can choose the broker which is more appropriate to the concept of trading that will be used, if you depend on scalping approach should choose the broker which permits scalping including lowest trading spreads.
     
  4. Randiall

    Randiall

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    Without taking the risk, rewards are less! Forex trading is highly volatile and clubbed with various direct and indirect risk like- geopolitical tension, government & politics of the nation, environmental changes etc.
     
  5. Andrew McCalam

    Andrew McCalam

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    honestly speaking , i trade most of the time in demo , but the knowledge i have gained i fail to use that when trade in a real account.
     
  6. Faal

    Faal

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    because it brings profit rapidly than others , on the other hand it causes sometimes great risk .
     
  7. Andrew McCalam

    Andrew McCalam

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    there is no way to ignore the importance of demo , but we are not serious when trading , because no real money there is and no emotions for that reason.
     
  8. Chionao

    Chionao

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    I agree with your opinion. To be a good trader, you don't have to be a math professor. It's enough to be able to memorize and analyze the information you get. And even if you have some problems with these skills, in the process of trading you will improve them for the better, so you don't have to worry about it. It's just that the main thing isn't to spare time to learn new and unknown things, everything else will improve with experience.
     
  9. Suzzaine89

    Suzzaine89

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    That is true. And this is the reason why many winners in demo trading often fail when they start live.
     
  10. Andrew McCalam

    Andrew McCalam

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    traders above all the beginners should choose the pair which is more suitable to the concept of trading that will be used , if you love doing scalping , should choose the broker which has most lowest trading spreads,
     
  11. Ebba

    Ebba

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    I think to be successful, the foremost important thing is your basics. How well do you know about the markets and their working and how good are you with your skills as a forex trader. Until and unless you're able to properly analyze the markets, your hopes to achieve success here would go futile.