Topic: How to become a successful trader - page 2. (Read 401 times)
Successful traders require a blend of education, discipline, and strategy. Start by thoroughly understanding the markets and developing a solid trading plan. Practice risk management to protect your capital and continuously analyze and adapt your strategy based on performance. Patience and consistency are key to long-term success.
However, experience is the main thing in achieving trading success, from experience we can apply the theory that we have previously done, so that from this we will feel the difficulties that can be faced and how to solve these problems. Many traders have minimal experience and immediately jump into real trading in the hope of making easy money, and in the end they regret it
We can also learns from other traders experienced and gets the good thing from them so we can uses it for ourselves. We can learns from their difficulties and trying to search how to finds out a way to solves the difficulties. From other people experienced, we can gets a lesson that we can apply to ourselves which can helps us to improves our skills in trading. We can learns from their analysis and search from the other sources that can also improve our analysis becomes better. But we must realizes that will needs time before we can be a successful trader and we must enjoy the process. 
Many traders have minimal experience and immediately jump into real trading in the hope of making easy money, and in the end they regret it
That's okay, as long as they can take the risk and won't give up too quickly. They should have long term plans being a trader because profit from doing it, won't just come out overnight and the learning you'll get from your actual experience will be paid off.Very few newcomers actually have the incentive and the necessary assertiveness to stay on the ball until their experience level is high enough. My tip for newcomers is therefore always to start with paper trades first and to continue doing so for at least 3 months. This way you avoid the classic beginner's mistakes, learn a lot about yourself and your reactions in stressful situations and can then use this knowledge to actually trade successfully.
However, experience is the main thing in achieving trading success, from experience we can apply the theory that we have previously done, so that from this we will feel the difficulties that can be faced and how to solve these problems.
Theory needs to be proven in trading because if it won't be executed, that theory will remain a theory and won't prove anything. Many traders have minimal experience and immediately jump into real trading in the hope of making easy money, and in the end they regret it
That's okay, as long as they can take the risk and won't give up too quickly. They should have long term plans being a trader because profit from doing it, won't just come out overnight and the learning you'll get from your actual experience will be paid off. 
Every job, whatever it is, has its own risks, it depends on what we want, so in the process we must first understand what we are doing and what we are working on, so that it doesn't make us fail in the process because we don't know what to do. what we are doing, because we don't really understand what we are doing, so understand it first before making a decision to reduce risks that we don't want, in trading what we have to apply is to be consistent in developing our business which we have worked hard to start from the ground up. to become what it is now, and the most important thing is our financial management, don't let us underestimate financial management which will result in bankruptcy.
I agree that learning is the most important part, if you do learn how to do better with time, then you are going to be doing fine, I believe that we are going to face some trouble if we have no idea what we want, we should realize that what we require isn't all that complicated and sometimes we should learn that things aren't as easy looking as we think.The reality is that we are going to be doing something as well as we hope we would, but that doesn't mean that it will be simple. Easy and simple are different, difficult and hard are different. Trading is hard but not difficult, it's hard because it takes time to learn and requires patience to be good but the path to be a good trader is simple and not that complicated at all.
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
I believe that in order for us to get what we want, we should really focus on that thing. It's easy to think that we want to succeed, but it's hard to do because of the succeeding things we'll go through; in short, it's not easy to reach and get.
Here we can measure how long we will stand or endure as we reach the dreams we want in trading. The subject of crypto trading is still very new; honestly, it is not easy to learn, and the worst part is that there is no shortcut here. The question is, Are you ready? Are you willing to sacrifice? then you must have a source of income before you enter this field. Or if there is nothing, you should be able to do.
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Money is of course important, because with money as capital you will get profits. Experience or knowledge can be gained by trading using a demo account but the pressure is different, so money is also important.Use money that you can afford to lose, so trade directly with real money instead of just using a demo account, so you may lose money but knowledge increases and slowly knowledge is used to gain profits in the next trade.
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Money is of course important, because with money as capital you will get profits. Experience or knowledge can be gained by trading using a demo account but the pressure is different, so money is also important.Use money that you can afford to lose, so trade directly with real money instead of just using a demo account, so you may lose money but knowledge increases and slowly knowledge is used to gain profits in the next trade.
demo trading on which its not really that bad because when starting up then it would really helpful because you would really be having that kind of exercise on which its normal for a newbie to be doing.
There are really just that those people who are really that wanting to make engagement directly with the real deal or thing on which making use of their real money without even considering on how much they have learned
all the things that they've been encountering. There are individuals who would really be that not minding about demo and made out live trading because they dont like on not to earn some real money.
Success is something that you would really be needing to consider on what are the things that you do need to be done for you to achieve that success which it would be
needing that adjustment and learning on the experiences that you would be able to handle out.
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Money is of course important, because with money as capital you will get profits. Experience or knowledge can be gained by trading using a demo account but the pressure is different, so money is also important.Use money that you can afford to lose, so trade directly with real money instead of just using a demo account, so you may lose money but knowledge increases and slowly knowledge is used to gain profits in the next trade.
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
I agree on that we should know the process first before anything else, because even if we have a lot of money and we don't know the process or strategy to get a lot of profit then our money as capital will surely slowly gone and before we know we lose a big amount of money, process is the most important and also emotion and patience if you don't have this you will surely lose. 
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
I agree on that we should know the process first before anything else, because even if we have a lot of money and we don't know the process or strategy to get a lot of profit then our money as capital will surely slowly gone and before we know we lose a big amount of money, process is the most important and also emotion and patience if you don't have this you will surely lose. 
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
The best key to success is to have experience with what will make your life better in the future. Some people want to become professional traders, but they don't want to learn about trading first. How is that possible? Everything in this deserves concrete knowledge so that even after we have started and come across something that will lead you to lose your assets, you definitely know how to avoid it. And a trader should always, insisted of searching, be focused on knowing much about the trading since trading is also associated with higher risk. That's why people who are already experts in trading always give advice that we shouldn't just jump into trading without proper knowledge, and emotions are also part of being controlled, because if you're lacking emotional control, you cannot afford the trading.
I think there is a ton of thread here or in the internet that talk about "How to become a successful trade" the answer can be very but in my opinion the key to be successful trader is money management and control emotion because if pro with that I believe you are gonna becoming successful trade. Tho I say this but personally Im not a successful trade hahahah but I believe those are the key
Emotional control is a big part in trading, if you are good at it, you will definitely turn into a successful trader. Also, having a good and reliable trading plan and a good risk management contribute to the success in trading. If you can’t carry a trading plan and does not show risk management, you might be making profits temporarily but in the end, you won’t be an ultimate successful trader. Success is gained only when you are doing the right thing in trading, and not when you copy trade or follow those unreliable signals that will only put you into losses in the long run. 
Focusing on the process is very important likewise focusing on the profit you are making in the process. The profit you make in the process determine how good the process is going and how long you should adopt the process because if the process is not given any profit, then you should consider changing another process that will give you more profit because the benefit of every trader is to make profit irrespective of the process.
On focusing on the process, you need to invest little amount or any amount you can afford to lose while monitoring the process.
Every job, whatever it is, has its own risks, it depends on what we want, so in the process we must first understand what we are doing and what we are working on, so that it doesn't make us fail in the process because we don't know what to do. what we are doing, because we don't really understand what we are doing, so understand it first before making a decision to reduce risks that we don't want, in trading what we have to apply is to be consistent in developing our business which we have worked hard to start from the ground up. to become what it is now, and the most important thing is our financial management, don't let us underestimate financial management which will result in bankruptcy. On focusing on the process, you need to invest little amount or any amount you can afford to lose while monitoring the process.
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
Focusing on the process is very important likewise focusing on the profit you are making in the process. The profit you make in the process determine how good the process is going and how long you should adopt the process because if the process is not given any profit, then you should consider changing another process that will give you more profit because the benefit of every trader is to make profit irrespective of the process.On focusing on the process, you need to invest little amount or any amount you can afford to lose while monitoring the process.
First money. Not immediately practicing with the money you have, but trying to find out what makes you ready to lose or other names is a process. From the initial capital, the target could be additional income, not a large amount.
You will never lose as long as you focus on the process, for me that is wrong.
Never mind new traders, professional traders who have been trading for a long time will also experience losing money because losing money in trading is part of it. Perhaps a smaller percentage of losses are achieved by those who are already full of experience with the trading process.
Understanding the trading process is of course very important before deciding to trade which could make us lose the money we use in trading and in trading of course there will be losses and profits and in my opinion this really depends on the knowledge and experience we have. in analyzing the market, if a trader can analyze the market well, of course he will be able to gain profits from the trades he makes, as you said, it is true that those who have good experience in trading will definitely gain profits from these trades. trade they do. resulting in a smaller percentage of losses because they already have experience in the trades they make. You will never lose as long as you focus on the process, for me that is wrong.
Never mind new traders, professional traders who have been trading for a long time will also experience losing money because losing money in trading is part of it. Perhaps a smaller percentage of losses are achieved by those who are already full of experience with the trading process.
You can learn as much as you can and even more, but if you lack control over your emotions, all your efforts will be in vain. There are stories of successful traders who committed suicide because they made huge losses, some became miserable and many others did unthinkable things after a huge loss. Of what use is the success if it is going to make them miserable later? While putting in so much efforts to learn the skills, devote more time too in training your emotions. Successful traders make losses too but they are able to recover all that was lost because they restrategize without mixing their emotions in their trades. It is not easy being successful in trading, but consistency is always the key.
If you want to become a successful trader, you must be able to learn more than other people. The more you learn and understand it, the greater your chance of making a profit. You can focus on trading and analyze well to make a profit. But you have to know that becoming a successful trader requires many things and a long process, so this makes many people fail to become successful traders. They want to make profits quickly and don't want to learn about trading so they will encounter many difficulties.
What we need is to have these two things Plan and Action.
Just to imagine why a lot of traders never succeed, it is probably not the process but it is how they strategies and how dynamic is their thinking. But don't forget that trading is not everyone which means that no matter how true you are and working hard in trading does not guarantee success.
Of course, I won't discourage people not to trade but I would say that we don't have to assume success because that has a mental effect in case we fail.
And we have to know that success does not come too fast, it takes several times to see.
Just to imagine why a lot of traders never succeed, it is probably not the process but it is how they strategies and how dynamic is their thinking. But don't forget that trading is not everyone which means that no matter how true you are and working hard in trading does not guarantee success.
Of course, I won't discourage people not to trade but I would say that we don't have to assume success because that has a mental effect in case we fail.
And we have to know that success does not come too fast, it takes several times to see.
As a successful trader, you should focus on the process instead of the money, because the process is the must important thing for you to get more experience in it, and once you are focus it you never lose your money in trading, so as successful trader you must always be fucus on the process of your trading, for you to get a good profit.
First money. Not immediately practicing with the money you have, but trying to find out what makes you ready to lose or other names is a process. From the initial capital, the target could be additional income, not a large amount.You will never lose as long as you focus on the process, for me that is wrong.
Never mind new traders, professional traders who have been trading for a long time will also experience losing money because losing money in trading is part of it. Perhaps a smaller percentage of losses are achieved by those who are already full of experience with the trading process.
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