Once I asked a successful trader what books to read, to which she answered me - none. She wrote on the forum about the transactions she made. All of them brought profit, although there were large drawdowns - several times higher than the profit from that transaction. You could use her tips and trade successfully if you had a deposit that could withstand not small drawdowns.
O
onesteptosucces
Guest
As one of the greats said: "If you want to win the competition, be different!"
Mary Frederick
Active member
As the future market will be online-based, Forex is future. Having no sufficient knowledge over fundamental analysis is one of the reasons traders fail to predict the market.Eurotrader provides traders all technical tools and a reliable trading environment.
Jack Reacher
Verified member
Yes, Forex is a futuristic business. If you have a platform free from technical glitches, it’s fine for you. And especially it’s quite well if you are a scalper. Eurotrader is a specialized scalping broker which allows traders with a handsome amount of welcome bonus and uses smart bridge technology.
marym
Active member
While it is possible to learn from successful traders by analyzing their trades and following their strategies, it is important to note that every trader's approach is unique and may not necessarily work for everyone.
While successful traders may not necessarily recommend specific books or resources, it is still important for new traders to educate themselves on the basics of trading, including risk management, technical analysis, and fundamental analysis. This foundational knowledge can help traders develop their own strategies and make informed decisions when trading.
It's also important to note that trading involves risk, and having a deposit that can withstand drawdowns is crucial for success. Traders should always have a solid risk management plan in place, including stop losses and position sizing, to help protect their account and manage risk.
In summary, while learning from successful traders can be helpful, it's important for new traders to educate themselves on the basics of trading and develop their own strategies. Additionally, having a solid risk management plan in place is crucial for success in trading.
While successful traders may not necessarily recommend specific books or resources, it is still important for new traders to educate themselves on the basics of trading, including risk management, technical analysis, and fundamental analysis. This foundational knowledge can help traders develop their own strategies and make informed decisions when trading.
It's also important to note that trading involves risk, and having a deposit that can withstand drawdowns is crucial for success. Traders should always have a solid risk management plan in place, including stop losses and position sizing, to help protect their account and manage risk.
In summary, while learning from successful traders can be helpful, it's important for new traders to educate themselves on the basics of trading and develop their own strategies. Additionally, having a solid risk management plan in place is crucial for success in trading.
