How to be a profitable trader?

[Langa@35]

Please share your tools and testimonies of how you became a profitable trader?

 

[AsmaS]

Keep in your mind when start trading.

1. Avoid the herd mentality
2. Never try to time the stock market
3. Have a disciplined approach for investment
4.Never let your emotions influence the judgement
5. Always have realistic goals

 

[mlawson71]

It's all hard work. There is really no shortcut, one just has to study hard and practise a lot and they will improve over time.

 

[Sherverty]

Traders who make serious profits will never have any interest to let you know that they are profitable, it is a psychological make up of succesful traders. The reason is also that to make those profits they consumed money capital (with risk control) and psychological capital (with emotion control) so that are no free gained money; why they should come and tell you that they are profitable? Have you ever seen a worker come to you and let you know that he earned his salary?

 

[Xie Yuanjun]

To be a profitable forex trader you must be skilled enough and do your hard work enough to get good returns. You can’t expect returns simply by putting in your money. You need to give your continuous efforts, understand the changing market and make the right decisions.

 

[mlawson71]

I agree. Forex trading is a marathon, not a sprint. If you take it as anything else you'll likely end up losing money and get a completely skewed perception of what trading is.

 

[hamza_jazzs]

agree what almost is said here, especially risk management and and avoid emotion

 

[Bumbledom]

To be profitable you need to work hard consistently. There is no alternative for hard work.

 

[TerenceDavi]

Profitable traders never stop. They make profits and use them to trade again. They make losses and analyse their trades to check what went wrong so that they can avoid the same mistake in the future. They keep learning, trading, and improving along the way because there’s literally no destination in the forex market.

 

[casteryee]

keep blowing accounts and note down why you blew ,

 

[Jingoism]

To be a profitable trader you need to focus on a few things such as using a trading plan, treating it like a business, learn to develop a methodology which is based on facts, always use a stop loss and take measures to protect your trading capital.

 

[Daantje Pieters]

You do market analysis to forecast the market condition down the road. Then match your assumption with other analysts to be confirmed that you are in the right track. If you are not eligible for market analysis, you can follow the signals provided by Eurotrader and also follow their education materials to arm yourself with knowledge.

 

[oakum]

It’s important for a profitable trader to be patient. As it takes time for good returns to show up, you better don’t trade with the condition of making profits. If you keep chasing profits by hook or crook, you may end up losing even more.

 

[Diagraph]

To become profitable you may have to face initial challenges and losses. But if you hold on and try to learn and improve then you can definitely become profitable.

 

[Ghetto ghost fx]

To be a profitable forex trader you must be skilled enough and do your hard work enough to get good returns. You can’t expect returns simply by putting in your money. You need to give your continuous efforts, understand the changing market and make the right decisions.

Learn the market daily ND have strategies

 

[Daantje Pieters]

I always suggest traders understand the market trend first and then take an entry because it’s important to catch the market flow and movement. But I see maximum traders trade haphazardly that create no value for them ultimately. Eurotrader offers signals and market research charts for the sake of their traders.

 

[Aerogenesis]

Forex trading is a long term business plan and requires time and hard-work to become a successful trader.

 

[Talisman]

To be a profitable trader, try to be in the game as long as possible without losing or taking too much losses. As you stay longer without losing you will learn the tips, tricks to crack the market. So in the long run this learning will help you become a profitable trader.

 

[Patrizia Bruno]

There are no certain parameters that you need to achieve to become a profitable trader. You have to set your own limits and keep breaking them when they fall short. Just keep learning.

 

[piram]

Please share your tools and testimonies of how you became a profitable trader?

Patience and trading with real money (not paper trading)