The Process of Becoming an Independent Trader

Becoming a trader, like any other profession is not easy. Many people want to be a successful trader, but forget that becoming a successful trader is a process. There are several processes to become an independent trader, namely:

Understanding Candle Structure

The structure or character of the candlestick is the simplest and most accurate indicator that traders can use to make transactions easier. It is important for traders to read in detail the characteristics of candlesticks so that they can understand the messages and information contained in each candle movement itself. Candlesticks are known for their shape that resembles a candle. The characteristics of this candle will greatly support reading accurate market opportunities.

Retracement Level

A retracement is a price change that is temporary (temporary), only lasts in the short term (a few days), and is only a small correction in a larger trend because there is no change in the fundamental outlook.

Recovery

losses will always be faced by traders, but these losses should not just wait and hope the market can turn around. When you experience a loss in trading, that is how to deal with it (recovery). Recovery is a very important part of risk management to master, without being able to master risk management or perform a good recovery, it will be very difficult to survive long in the trading world. Because by doing recovery traders can reduce losses and can maximize profits and minimal return on investment. In the market no one can predict the price movement will go up or down. Therefore, traders must be able to recover when the market reverses so that there is no loss or loss in trading.

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