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The most successful traders


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All traders want to make consistent profits and become successful in the market. But in reality, few are making money. Most of the traders are losing money in the market. There are a lot of reasons for that lack of knowledge, skill, proper strategy, and many more. New traders should start trading with the demo account. It is safe to practice and learn. Almost all broker including Eurotrader offers a free demo account.

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Every trader should have the ability to make a consistent profit. If you can't consistently make a profit, you can never succeed. I have been able to develop a strategy after trading for a long time. That strategy will always help me to profit. But I always try to trade by controlling my mindset. Emotions cannot be traded. Emotional trading is the cause of the loss.

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Forex market is continuously changing. So, your good trading strategy will not work all time. Adjust it if necessary. I test my strategy in Forex4you free demo account. After a week or a month, you also need to review your trading activities. Therefore, you can measure how your trading is improving or not. In addition, if you are making a loss, you can determine what was the cause of the loss.
 

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On 1/22/2021 at 10:37 AM, maspluto said:

the selection of an existing broker must be able to be considered well, this is needed and necessary so that traders can be better and can be more maximal in carrying out trading activities in accordance with expectations while on a real Tickmill account.

at the Tickmill broker itself, is there a promo that of course traders can use in running trades, and indeed how can traders gain profit opportunities when taking advantage of these bonus facilities, can traders take advantage opportunities in times of political storms?

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It takes time to get success. Successful trading is all about skills and controlling your risk. There are some more important things to follow which include good strategy, good trading plan, professionalism and choosing the right broker. You can not get good result by trading in a poor broker. I trade forex at Eurotrader broker. I am here in this broker since it is a regulated broker and has tight spreads. I likewise can withdraw my cash quickly.

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Forex trading requires time to achieve success like any other business. However, it is one of the best earing sources in the world. In 2020, the forex market becomes more popular due to covid-19 lockdown. Traders need to spend time to learn about the market and trading. There is no other shortcut to do that.

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There's a lot that goes into successful trading. Knowledge and experience are important, and with that, a demo account can help a lot. We just need to be careful when transitioning from demo to real account because trading psychology is something that the demo account doesn't challenge as much, so we might find it harder to trade on a real account then a demo. Cent accounts are another great way to practice.

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To be a successful trader or investor you need to manage your equity rationally. Stocks and equity are the same, as both represent the ownership in an entity and are traded on the stock exchanges. But managing equity is a giant task for a single person. I am as a professional trader I need a third party to manage my equity with some automated tools for example equity spreadsheet. I recently subscribed to stockologi and it’s serving me really conveniently.

https://www.stockologi.com/

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Successful traders always control their emotions and trade with discipline. If you want to acquire proper knowledge properly, you must control your emotions. Discipline and plan help to make trading processing easier. There are many traders who have a lot of problems trading and need to change their mindset. Without it, it is never possible to get good rewards from trading.

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