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Topic: Knowledge needed for the trader wants to become professional - page 2. (Read 343 times)

member
Activity: 476
Merit: 10
Yes,  beside knowledge we should be also discipline to follow all trading plan. Without discipline, all skill and knowledge that we have will be not usefull in trading. Other thing is avoid greedy and FOMO,  because there are always top and bottom price.
jr. member
Activity: 121
Merit: 2
I use Google translate. If there is anything difficult to understand you can sympathize
Being a successful Trader is always a wish of all our traders. However, the desire was never enough, especially in the field of trading is only under 5% is a legendary success.

Hugh Kimura - Tradingheroes admin has summarized the training process of the professional Trader through his conversations with other Trader. Although the path to success of each Trader is different, he has discovered the common points listed below. With this article, hopefully people will have more motivation, as well as the orientation when becoming a professional trader
1. Gratitude
It sounds unrelated, but gratitude and success (in transactions) have a deep hidden relationship.
When you are grateful for what you have, you will feel happier and happier, you will complain less and work harder. And like the 10,000-hour rule in Gladwell's Outlier: Genius comes from the practice.
2. Deciding to engage in the trading profession
This is a key factor, you have to be determined to become a professional Trader despite the barriers that you may encounter.
Most successful Traders love trading, while others simply trade because they generate income without reporting to anyone, but before reaching this stage they are Practice, practice and leave the difficulties that you have.
If you want to be a real trader, you must do the same.
3. Continuously learn and try different things
After deciding to enter the profession, of course the first thing you need to do is equip yourself with knowledge. On the net there is a wealth of knowledge that you can comprehend, pay for, have free.
However, if you want to go fast you should find yourself a real teacher
Completing this step is that we have been halfway there. Difficulty lies always ahead.
4. Find a style that suits your personality
One of the advantages of trading is that you can try and fail many times and get experience on those occasions. Use small capital or trade DEMO.
There are many different trading styles that you have to learn from scalping, short-term, and swing trade, some of which are in line with news or fundamental trading.
This step costs you quite a bit of time, you can not solve it with a few courses. You have to keep trying and wrong at the same time, remember that a method used by someone to make a profit, but when applied to you it is another story.
5. Focus on one method at a time
This sounds simple, but the motivational idea of quick money will stop you. You want to try many strategies at the same time to shorten the road but that is wrong.
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I will introduce you some more sites to get more knowledge for the trader. This will be a great knowledge of the Newbie.
1. https://www.tradingview.com (Where you can refer to analyzes from other people as well as to analyze your own).
2. https://www.coinsignals.trade/
3. https://www.forexfactory.com/forum.php? (A vast and rich source of knowledge from technical analysis to information from all markets)
To fight well, you must first master with only one weapon, and usually one is more than enough.
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Many thanks for reading this article. Wink Wink Wink Wink
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