If you want to become a successful trader there are some things you must know, they are:
- You must stay focused. Forex trading needs your full attention else you will start loosing money.
- Have a trading journal and a pen. With a journal, you should keep records of your entire trades for reference purposes and to avoid repeating the same mistakes.
- Think of trading as a big business and not a get rich scheme.
- Develop a working strategy and keep using it.
- Have a passion for trading. The only way you can go far as a Forex trader is by developing passion or love for your Forex trading business.
- You must assume the Forex Mindset.
- Go for more knowledge in Forex Trading. Learning is a continuous process so develop yourself daily as a Forex trader.
- Let Money management be your topmost priority.
- Kill your greed
- Don’t trade in a noisy environment to avoid distraction.
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