To be a successful trader there are certain things that are compulsory and you have to know them first of all the basics first of all you have to know what is forex and how it works? after all you have understood these factors you have to know learn the technical and the fundamental analysis..then after you create a strategy that suits you the best you now have to try to implement it on a demo/virtual trading account know you have to see how the strategy works if it suits your type of trader you can try to implement it on a real/live trading account and try to earn money, it is easy to say all these but it is hard to implement strategies there are certain things that have to be followed if you need to implement the strategy that suits you the best-
1) You have control your emotions (GREED and Fear) it comes with experience.
2) You have to be disciplined you have follow your strategy to perfection.
3) You should be consistent while implementing your strategy.
4) You need to follow money management in order to know where to put the stop loss and take profit which are one of the most important thing while trading.
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Thread: Do you want to be successful?!
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10-05-2014, 01:02 PM #1Investor
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