Realistic Goals of a Tradersubmitted by alfafinancials5 to u/alfafinancials5 [link] [comments]
Behind every success story lies a lot of determination and hardship, and most important a precise goal that motivates and leads every successful person to strive and achieve his dreams. Saying that it is also important that while setting the goals we should adopt a realistic approach and not just set them too high and then feel demoralized when not able to achieve them. So it would be better if we pursue them in small sections, which means creating stages for reaching the ultimate goal. The smaller division would be easy to achieve rather than aiming for higher goals.
“CONSTANT EFFORT TO HAVE CONTINUOUS SUCCESS”
Let us see the goals a trader must have in his life to make his dream, a reality.
A HABIT TO TRADE WITHOUT EXPECTATIONS
Trading without expectations will give you the confidence to trade even after a loss also. It is advisable to have a demo account and trade to learn the tricks and tips of trading rather than making money there are many brokers will provide the best trading platform for beginners in UAE. The process of learning will make you a better trader to trade perfectly. You can start trading for money once you learn the tricks of trading.
Become a part-time trader when trading for full time don’t serve you the best results. For time being, consider trading as a part-time business and have another source of income until you become the best trader by learning the strategies and risk management. You can step into the market as a full-time trader when you are confident and capable of managing the trade market and make profitable output.
TRY MORE TO OBSERVE THE MARKET RATHER THAN EXECUTING TRADE
The motto here is to earn money later by observing in the first stage. At first, start observing the market from outside and learn the strategies to trade and then only step into the market to trade to gain profit. Being in the market all the time is not leading you to make money, it leads you to over-trade. More traders lose money by over-trading. You will need more patience to sit back and watch the trade and step in when it is the right time. Only this will pave way for you to make money constantly in trading.
“MONEY IS MADE BY SITTING NOT TRADING” - Jesse Livermore
MAKE IT YOUR PASSION AND LIVE FOR PASSION
Traders who make money are not bothered about money and profits. Whereas, people who don’t make money in forex trading always think of money. people who love trading make money because they are passionate about trading and love trading. They take trading seriously and work for it. So follow trading as your passion to make a profit. In other words, if you have passion you can step into trading.
These are a few goals which a trader must have to have an upgrade in his life via trading. Following all this goal consistently and repeatedly will allow you to become a successful trader. Make profit by developing the skills and setting goals. Looking for a trusted and experienced best Forex Broker in UAE? Alfa Financials was the No #1 forex broker and we provide the reliable, scalable and trustworthy platforms.
“THE GOAL OF A SUCCESSFUL TRADER IS TO MAKE BEST TRADES. MONEY IS SECONDARY” -Alexander Elder
The Triple Screen methodology was developed by Alexander Elder in 1985 as a form of discretionary trading.However, there have been other experts who have tried to develop with some success automated trading systems using this trading system to trade in markets such as Forex. Alex Elder is a trading teacher and writer. Today I stumbled upon one of his strategies which I find very interesting. It relies on 3 different time-frames screens for your entries condition. The Market Tide is using a weekly indicator and we will only trade in its direction. Here we use the MACD histogram. The Market Wave is using a 2 days oscillator to detect waves going against the Market Tide. Trading education for stock traders, swing traders, day traders, technical analysis for stock market. We offer monthly online webinars, trading camps, online traders community, and more. Alexander Elder, M.D., is a professional trader and a teacher of traders. He is the author of Trading for a Living, considered a modern classic among traders. First published in 1993, this international best-seller has been translated into more than a dozen languages and is being used to educate traders around the world. His Come into My Trading Room: A Complete Guide to Trading was named a 2002 The Alexander Elder trading strategy is also known as the Triple Screen trading system combines oscillators with trend-following tools in order to refine the performance of both. This is a practical guide to the Alexander Elder trading system that will teach you how to trade for a living.. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. Forex Trading Education > Famous Traders Articles > Alexander Elder; Alexander Elder; Alexander Elder . Alexander Elder, M.D. is a native Russian who defected to the United States at the tender age of 23. He has since worked as a New York City psychiatrist, Columbia University professor, and expert stock trader. Drawing heavily on his psychiatry background, Dr. Elder was so successful that he ... Alexander Elder ist der Verfasser von zwei Trading-Büchern (Trading for a Living als deutsche Übersetzung Die Formel für Ihren Börsenerfolg und Come into my Trading Room, ), die Bestseller geworden sind.Er ist auch aufgrund vieler Tradingtaktiken bekannt geworden wie zum Beispiel „Triple Screen Trading“ und „Impuls-System“.
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Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. This 60-minute webinar will help you unlock the power of MetaStock using Dr. Elder's add-on. Dr. Elder is the author of the world’s best-selling books on tra... Trading For A Living books on Trading Strategy, Trading stocks & shares; https://amzn.to/2Ozjjke Risk/Reward trading spreadsheet here - http://bit.ly/2SXa6ov... Support the channel by getting Trading for a Living by Dr Alexander Elder here: https://amzn.to/2nnrXrc As an Amazon Associate I earn from qualified purchase... In this video I review the rules of "Triple Screen" strategy by Alexander Elder. Part 1: Strategy concept. Problems of novice traders. Trading for a Living (audiobook) - Dr. Alexander Elder How I Make $500 Daily Strategy http://2by.us/money Alexander Elder Trading For a Living Best Trading Books Review Alexander Elder Trading For a Living Be...