How to Become a Better Trader

[Mika]

Trading can make you rich quickly, however, in order to happen that you need to be a good trader. A good trader means a person who knows when to buy and when to sell, a good trader knows how long to hold certain assets. A good trader is always on the profitable side. Here are some things to consider in order to become a better trader.

Review Charts: You need to be updated with the market every minute and every second. You should review the chart as soon as the market opens and watch the market until it closes for the day.

Look at the news: Become abreast with the market news.

Maintain a journal: You should also maintain a journal and jot down every important detail related to the market.

Set Alerts: As a trader, you should be frequently buying and selling, therefore you should set alerts for the price changes for the assets you are trading. Enter the position for your appropriate price.

Plan ahead.

 

[Ivo Zetticci]

I use fibonacchi to find out important trading points on the market and it works as a guideline. It shows traders with different trading angles and points. Moving average and RSI are good indicators. With Eurotrader broker, you can use any indicator you want without facing any trouble.