Saturday, June 21, 2008

How to become a sucessful trader?

Total vote 74

1. Make a plan and stick to it.
35 (47%)

2. Paper trade until you become profitable
10 (13%)

3. Study successful traders & make your own strategy
24 (32%)

4. Buy an expensive software for trading signals
5 (6%)

WU


Every one knows trading is tough, especially in this kind of market condition, but as traders we can try to gain our confidence back by taking less but quality trades. I liked the strong breakout with massive volume; the consolidation was long enough to give you enough reason to take the trade.