{"id":5930,"date":"2020-10-22T18:26:44","date_gmt":"2020-10-22T15:26:44","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=5930"},"modified":"2023-09-06T14:27:47","modified_gmt":"2023-09-06T11:27:47","slug":"how-to-become-a-successful-trader-10-clues","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2020\/10\/22\/how-to-become-a-successful-trader-10-clues\/","title":{"rendered":"How to Become a Successful Trader: 10 Clues"},"content":{"rendered":"\n

Who is a “successful trader”? They are a trader who has learned to make a stable profit in financial markets. In this article, we will give 10 clues that will help beginners to become and feel like that successful trader<\/strong>. Let us get started.<\/p>\n\n\n\n

<\/span>1. Decide if trading suits you<\/span><\/h2>\n\n\n\n
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First and foremost, you need to make sure that the job of a trader is good for you.<\/p>\n\n\n\n

Trading<\/a> is high-risk speculations in financial markets. According to statistics, only 10% of those who have started trading make any serious success.<\/p>\n\n\n\n

A trader spends a lot of time analyzing news and charts, looking for trading opportunities, following trades. Analytical mind and tranquility, as well as the ability to take possible losses calmly<\/a>, are essential here.<\/p>\n\n\n\n

For example, if you are choleric with a bursting temper and a love for traveling, you will have a lot of trouble sitting monotonously at the PC all day and analyzing charts. Hence, make your own list of criteria for your perfect job and check if trading meets your requirements.<\/p>\n\n\n\n

<\/span>2. Start from your trading education<\/span><\/h2>\n\n\n\n
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As with any job, in trading, you have to start with thorough learning. Make sure your learning stuff is of high quality because the Internet is full of questionable content.<\/p>\n\n\n\n

To learn independently, you may use educational videos<\/a> or courses by experts from reliable brokers or investment companies, books by famous and successful traders, recommendations of professional traders you know personally.<\/p>\n\n\n\n

To my mind, the fastest and most efficient way to learn to trade is to seek the assistance of an experienced working trader who makes real money. They can show you how to use the rules and techniques of a reliable trading strategy<\/a> they use. You just need to make sure that your teacher does really trade well and not just sell courses. Check that your trader uploads trades online, or provides public monitoring of their trading account<\/a>, or frequently shows good results in traders’ competitions.<\/p>\n\n\n\n

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Discover a new level of trading with R MobileTrader<\/span> app<\/p>\n

One app to trade them all: Stocks, Indices, Metals, Oil, Currencies<\/p>\n <\/div>\n

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<\/span>3. Choose a reliable broker<\/span><\/h2>\n\n\n\n
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After you finish learning, you will need to choose a reliable broker<\/a> via which you will trade in financial markets. This is a crucial issue as there are now plenty of out-of-the-way companies that claim to be brokers and suggest adding to your account some super-profitable strategies for free. These are mere frauds that will vanish at any moment with your assets.<\/p>\n\n\n\n

The easiest way to find a broker<\/a> is to listen to the recommendations of traders you know. If there are none, pay attention to the following criteria:<\/p>\n\n\n\n