Really it is a very important question. What type of trader I am?
We are trying to develop a trader strengths and weaknesses questionnaire. We thought about it a while and found a lot of question that would make it much easier to all of you.
How much time and effort did you really put into studying and understanding the markets that you will be trading? We think that the best way and the fastest way for this is studying and reading online from our academy section you will be able to know what kind of trader you are and which type of trader suits you and enables you to gain money , to achieve profit and to avoid losing money .
Let me ask you this, Do you have a trading plan? Or do you "wing it?
Well, one of the most important points that will lead you to the ladder of success and profit is the trading plan and how would you use it in a right way which fits your strategy .
Do you find yourself agonizing and asking, "What to do? At critical junctures? That would suggest that you are not using your trading plan or that your trading plan is incomplete .you may feel that your strategy or your plan doesn't fit your thinking or the way you think.
Sometimes there are circumstances that go beyond statistics that affect a player's value, so each trader should stick to his own strategy and way of trading in order to achieve progress and profit .
There are different types of traders we face them in the market some of them their strategy is opening positions and closing it at the same time or the same day , some other hold the positions for several days and also some of them for several weeks or may be months . So there is no specific kind of trader. Trader must tickle the best one which suits his way of thinking.
Do you find excuses for why a trade went wrong? Or why you got less than you could have (and maybe should've) gotten? This question repeats several times to the extent that the traders are on the verge of madness about this condition of market.
The best way to cover these, to deal with your tendency to be impulsive and then to rationalize when to manage your mind and your strategy when to start trade and when to stop, so that you really have to think well and use your own plan and stick to it. After that you will never know the way of losing but rather you will always attain the profit way.
1 comment:
really forexgen is doing great i visit there Academy its very good
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