Building a Strong Foundation For Trading Success

Building a solid foundation to become a professional trader takes time and effort to learn all aspects of the forex market. From the experience of ups and downs starting from a novice trader to what traders have achieved now, of course there are many lessons. If the trader still feels lacking or maybe left behind, of course the trader should not be discouraged. By staying true to the trader's goal of becoming a trader and consistently learning and self-evaluating, sooner or later the trader's goal will become a reality. Here's how to build a solid foundation for successful trading:

Risk Management

In order to be successful in the world of trading, traders must prepare for risk management in trading. Risk management is a very important part and must be understood by traders so that they are able to control the existing capital. As a trader, you have full constraints on limiting the extent of the possible losses. Therefore, it is important as a trader to have good risk management to minimize losses when trading.

Risk management is not carried out to eliminate the risk of loss completely up to 0%. However, risk management is used to minimize continuous losses in trading. Like it or not, if you want to be successful in trading, traders must be diligent in reading daily analysis to find out the market conditions of the instrument that the trader is trading. So that traders can anticipate what to do, what to avoid, and how to read the opportunities that might occur.

Psychology

Trading psychology is one of the determinants of the sustainability of the trading business being undertaken. Because this trading psychology is related to the trader himself. If the psychology of trading is still chaotic and the transaction is still controlled by emotions. Like rushing to take profits and still waiting a long time if you experience losses. Not only analysis determines the success of this trading business but also in managing trading psychology. This psychology is what controls traders in making decisions so that it needs to be corrected if the trading conditions are still chaotic.

Watch the full video and details below!


More info : 

Free material soft copy contact 081 258 066 174 wa/call 

Private info / paid premium class (guided forever until consistent profit and independent). 

Whatsapp/call 081 233 593 672 Or direct access to our web www.wijayatrading.com

Comments

Post a Comment

Popular posts from this blog

Tingkatan Seorang Trader

Image
Sebelum menjadi trader sukses, perlu dipahami bahwa ada berbagai macam tingkatan trader forex yang harus dilalui. Tingkatan-tingkatan tersebut biasanya dibedakan dari beberapa kriteria. Jika dilihat dari pengalaman, pengetahuan, cara berfikir, dan sikap mentalnya, seorang trader dapat dikategorikan dalam 5 tingkatan. Trader Pemula Seorang trader pemula pada umumnya masih merasa asing terhadap pasar forex. Trading forex dianggap sesuatu yang baru dan mungkin agak unik atau mengasyikkan. Mereka cenderung ingin mengetahui segala hal yang berhubungan dengan trading dan pasar forex dengan cepat dan instan. Baik analisa fundamental maupun analisa teknikal dipelajarinya dengan cepat. Trader pemula selalu mencari dan mempelajari cara-cara yang gampang, sederhana, dan segera dapat digunakan untuk trading. Pada umumnya, mereka mengharap profit besar dari trading forex. Trader Profesional Dari sebutan "profesional" yang disandangnya, memang profesi utama trader di tingkatan ini adalah t
Read more

SNR, BEST TRADE STRATEGY!

Image
SNR (Support and Resistance) is fairly popular in the world of forex trading. This is one of the most frequently used techniques in technical analysis. Without it, traders will experience difficulties and even lose in carrying out trading activities. The support point is the point which is believed to be the lowest point of an asset in a certain period. While the resistance point is the point that is believed to be the highest point of an asset in a certain period. In simple terms, support and resistance are likened to the two most discussed attributes in analysis where support is a level that has the potential to withstand price declines. Meanwhile, resistance is a level area that has the potential to hold back price increases. These levels are used to determine whether the price will continue or reverse. Basically, SNR aims to find out the right area when taking a buy or sell position and determine the target price movement. The support area is generally an area used as a reference f
Read more