Three Secrets of Becoming a Successful Trading
Introduction
Want to Become a Successful Trader ?
Foresight traders see opportunities on the trading floor to be a determinant of success gaining cuan.
But most people don't know how.
A trader, or someone who trades in the stock market or foreign exchange market, is actually easy to carry out as long as it has a unanimous commitment to achieve that success.
A person can become a successful trader even if he has no experience or background in the financial sector. An example is Warren Buffett.
Warren Buffett is a Commissioner, President Director and largest shareholder in Berkshire Hathaway.
Success in trading can not only be achieved in one or two months, to become a successful trader requires effort, hard work, focus, and discipline, not only in analysis but also several other aspects.
There are 3 important components that must be mastered to become a successful trader, the three components are also commonly known as 3M:
1. Mind The right
mindset towards trading, being aware of risks and being able to control emotions when dealing with markets. A trader must be able to see the market objectively and put aside the ego to reap excessive profit beyond the limits of his ability.
2. Money
Money Management is the key to success in trading. As with conventional business, a trader must be able to manage funds wisely, to minimize Loss and maximize Profit . So that the accumulated trading is always profitable even though there are some losses in it.
3.method
A good trading method must have a clear and measurable strategy and trading plan. Trading does not have to use complicated strategies with indicators that accumulate in the chart . A trader must be able to build simple and effective methods, and have 2 Exit Plans namely Exit Profit and Exit Loss, because there are no methods and analyzes that have 100% accuracy.
These tips are priceless. Many thanks for sharing them buddy. I think I'll have too write down these tips for keeps for future use. Cos of when I'd want to go into trading
Thank's friend. You stopped at my posts.
@tipu curate
Upvoted 👌 (Mana: 0/9 - need recharge?)
Thank's!!
Trading requires boldness and strategizing.
Yeah. So true.
This is also related to life and attaining success all round, great post.
good tips presented in a light and simple way. I think it is a good post for all those people who want to get to know a topic quickly and without those extensive readings that consume so much time and become boring. Great! Thank you very much for sharing.
Thank you for reading this .