What you need to become a successful trader?

NSE:BANKNIFTY   Nifty Bank Index
here we have discussed what are the important things that you will need to become a successful trader.
1. Techinical Analysis Skill: Understanding the chart behaviour;
  • Price
  • Volume
  • Support and resistance
  • Trendlines

2. Risk Capability
  • How much money you can afford to lose on a single order, and on a single day.

3. Peace of Mind
  • Are you having a thought that might disturb your trade making decision. You must
    have a calm and peaceful mind for being a successful trader.

4. Trade Managment
  • Trade management is the skill that gives you the power to make intelligent
    decisions based on the analysis of which point is the best point to enter and
    exit from the trade.

Related Ideas


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.