Behind every successful person, there is an untold story of ‘effort’; every successful person started the path with something small. If you want to become a successful trader you should also start small. Normally, it is not the case; every upcoming trader’s first question is ‘how long does it take to become a successful trader (profitable trader)’? In my point of view, you should actually be concerned about ‘how to become a successful trader instead of how long does it take to become a successful trader’. If you aim this question at an experienced and successful trader he or she will answer you as ‘start small and with time you will learn the market and rule the market’. For you to become a successful trader you should stay in the market for the longer time so then with the time you will gain enough experiences and training. Actually, the successful trader will be able to earn more profit than others.
If you want to become a successful trader (profitable trader) you should focus your concern on ‘how to become a successful trader?’
Extensive focus on how to become a successful trader?
Even though many of you do not consider about ‘how to’ it is the most important thing you must solely focus on. If you understand the way to trade the market and manage the money then you can become a successful trader easily. So to trade the market effectively you must have the complete knowledge trading. If you get the idea and the ways to trade the market effectively you can simply follow your path to becoming a successful trader (profitable trader).
So first learn about how to become profitable and then think about the duration. The duration does not matter as long as you know the methods and techniques to become a successful trader.
Can you become a successful trader?
Well, yes, in trading the trading mindset is the important factor. If a person cannot stand up against the losses, if a person cannot live in the fluctuating market and if a person cannot be patient when trading he or she cannot become a successful trader. A successful trader must be able to bear up the situation in the trading market because it’s obvious that the market does not care about the desires and needs of a person.
You must ask yourself whether you fit for the place. You must have a sound knowledge in trading and you must be able to trade the money in a technical manner. If you look at the professional trader of CornèrTrader than you will see that all of them were once in a stage like you. But they strongly determined and committed to learning the art of forex trading. So they studied hard and remained focus in the market and ultimately they learnt how to trade the market properly.
Does duration really matter to become a successful trader?
Actually, there are no answers as YES or NO because the duration will depend on how you trade. If you have the born talent to trade it’s a good start but what if you don’t have? You can start acquiring knowledge about the trading and trading techniques. The time duration will vary according to the person’s ability. To be precise you should develop your own trading strategy based on your own personality and you must feel comfortable with your trading strategy. The professional traders always remain comfortable under different market conditions since they know their system works.
Learn the art of price action trading
If you look at the professional traders than you will see most of them are trading the financial instrument by using the price action trading strategy. Price action trading strategy is considered to be the best trading strategy in the forex market. If you truly want to master the art of forex trading then you should learn the price action trading strategy. In the eyes trained professional price action trading strategy is often considered to be the most advanced and smart method of trading the financial assets in the forex market. So chose whether you will become a smart trader in the global market or not. To become a successful trader you must trade the market tactfully.
Follow risk management factors
Risk management factors is often considered to be most important element for successful forex trading. If you look at the professional trader then you will notice that all of them use strict risk management factors in every single trade. If you trade the market then it’s very obvious that you will have some losing trades in the market. But as traders it’s your duty how to trade the market by managing the loss. Always make sure that your losing traders are much smaller than your winners. If you follow proper risk management factors in forex trading then you can easily beat the market.
Summary: Forex trading is not an easy neither it’s too tough. If you really want to become a sacksful trader in the financial market then you need to focus on high-quality trade execution in the market. Always make sure to trade the key support and resistance level in the higher time frame since it greatly reduces the false trade setups in the market. If you use indicators then though it away and learn different price action confirmation signal since it has the high winning edge in the market.