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;
2. Risk Capability
3. Peace of Mind
4. Trade Managment
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.
