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How I became a successful trader?

Trading training

By Vladyslav KobylinskyiPublished 2 years ago 4 min read
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I've been looking for information on how to become a trader for a long time. I knew it wasn't an easy task, but I decided to give it a try. It was very difficult, because there is very little valuable information, mostly a lot of information that is not very necessary. So my head was in chaos.

I once found trading training on Facebook - UOP FX Academy. I doubted it at first, because a lot of scammers got divorced. But still, I made up my mind. It was incredible. The information that they tell you is really useful and effective. I was happy and decided to share this story.

To become a trader you must adhere to the following qualities:

1. Self-discipline

Trading requires a lot of attention, passion and a long period of time. Risk control. Leading stock traders understand the ratio of risk and profit, they know when risks are justified and when they are doomed.

2. Courage

Outstanding traders have the courage not to follow the crowd and make their own decisions based on personal analysis.

3. Attentiveness

It is important to see and understand market trends and how they are formed.

4. Lack of emotions

Actions based on panic are just one of the disadvantages that emotional traders face. They can get upset because of any little thing, for example, because of a losing order or market fluctuations. Stock trading is not a place for sentiment – you need to keep cool.

5. Patience

Since the stock market is not easy to predict, it may seem that there are no successful entry points. The best traders are waiting for the perfect moment, even if it takes hours, days or weeks.

6. Dedication

Trading should be your hobby, which means that you are ready to invest your time and are ready to learn. Don't limit yourself to reading books – develop your skills by learning strategies, watching YouTube videos and studying tutorials.

The course that I took really helped me, I am sure that it will help you as well - https://bit.ly/3wCQ56S

I've probably tried almost all the approaches that exist here. The main conclusion is as follows. Learn to understand the logic of the market. No matter what anyone says, the levels work very well if you find and apply them correctly. They can very often help us in determining the current state of the market. Volumes can also sometimes become an indispensable assistant and find a large buyer/seller. But I don't really like the approach that many people use in VSA when they try to analyze each bar. And analyze even the graph where there is nothing interesting. I think the task of a trader is to find the most clear and understandable situations that will really give a probability bias. In more than 90 percent of cases, I just scroll through the graph and don't try to analyze it if there is nothing interesting there. The task of the trader is to earn. He shouldn't always be right and trade everything. This is the prerogative of analysts. Try to analyze everything in a row, but in the end work for a small salary, because you can't make money on the market yourself.

I practically don't use news in trading. The market usually lays everything much earlier, before we have time to make money on it. Of course, there are rare news that comes out during non-working hours of the market and which it turns out to work out, but this rarely happens. I take into account only the most important news.

Personally, trading has given me everything I dreamed of. But not everyone has everything so smoothly. Many people are psychologically unsuitable for this type of activity. Not everyone can keep their emotions under control, most people are gambling, they want to get rich quickly and not spend a lot of time on a systematic study of this area. The result is always sad. Anyone who wants fast money will definitely lose everything. The biggest difficulty of this profession is precisely in its psychological aspect. You will constantly have to fight with your emotions - greed, excitement, fear. I had friends who could not make money trading, I am very well versed in this area and knowing my trading system. Then they began to flirt and trade under all shoulders. Then they didn't put their feet. Which eventually led to losses. Especially when trading with leverage.

I want to share with this information that I received - https://bit.ly/3wCQ56S

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About the Creator

Vladyslav Kobylinskyi

I am a freelance content writer and copywriter.

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