“Just because you trade, does not mean you are already a real trader.” It’s as I can sing, but I am not a good singer. In trading, it sounds so easy to trade, but to call yourself a real trader might be a little harder. I bet you have wondered how to become a trader. I have 5 tips for you that real traders constantly follow. Approach carefully each of these guidelines if you are looking for an answer on how to become a better trader.
1. Real Traders Count on Training
They say practice makes perfect, but in Forex, training makes perfect traders. I remember when I was starting in Forex trading, I needed to have training, and it was too difficult because I had to do it all alone.
Now, it is so easy to have yourself trained with the help of the internet, and many sources like YouTube. Thus, if you want to become a trader, have yourself trained now.
2. You Cannot Become a Forex Trader without a Plan
You can’t always win a battle with just a sword and armor in your hands. Even Goliath lost to David despite the height advantage because the smaller one had a plan. The same thing goes with trading.
Although trading instrument and strategies are always available, you still have to have a clear plan. If you want to become a Forex trader with success, you should work around a plan that you follow strictly.
3. Bring Out Your Gun on the Forex Battlefield
When you eat, you need a plate, when you study, you need a notebook and a pen, and when you make love with your partner, you need your crown. They are three different things, but what do they have in common? TOOLS! Just like in trading, we need tools.
I have good news for you. We are in a world where technology seems to be even more advanced than the entire human race, and it is not bad for us to take advantage of it since we, humans, actually made it. The smartphone is the most common tool that we can use, but if you want a more convenient tool, go for a laptop or a computer.
In the past real traders have been trading without charts due to the absence of high speed communication services and visualizing hardware. The real trader nowadays has access to free trading charts that can visualize the price action of every financial asset just in a flash. It is up to you to pick up your Forex trading platform that will give you access to latest trading charts.
4. Find Your Soul Mate in Trading
We always expect our loved ones to say “I love you more” when we say “I love you” to them. That is because we naturally expect better words from them so that we can tell ourselves ‘Yes! I win!”
Good traders live with that mantra, “Yes! I win.” We don’t trade just to give money – we trade to gain more than what we give. And for you to be able to say “Yes! I win!” in trading, it is important that we find a good Forex broker – your soul mate in the journey of how to be a good trader.
5. A Real Trader Takes One Step at a Time
As the song says “Wise men say only fools rush in.’ Cliché might sound, but it is true that it is better to take things one step at a time. Good traders know that. In my case, I started out with small trades and I gradually sized up.
Remember that you have a plan, and it might be good if you include in it to take one step at a time. This is probably the most important segment of how to become a real trader.
Written by: Forex Alerts
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