Question
-
What steps should one follow to be a successful trader ?
4 Answers
<p>Never trade in the midst of a volatile market. For a profitable trading, stop losses are an absolute must. In the absence of stop losses, you may end up holding positions with unmanageable losses. Always decide your profit target based on our risk-return trade off.</p>
8 Views
<p>Adjust your expectations. There will be a lot of ups and downs as you develop a trading style. If you expect to make money right away, you’ll likely end up disappointed. Give yourself time to develop and grow by going slow.</p>
4 Views
<p>It’s smart to start with paper trading first. You get a sense of how trades and patterns play out without risking your hard-earned cash. Then you can work on progressing to real trading.</p>
2 Views
<p>Find a mentor you can learn from. Watch what other traders do and learn from their successes (and failures). It can help inspire your own trading. There are too many factors involved, and you can never emulate someone completely. You need to figure out your own style.</p>
Please select pages to share
shared
