I don't know if most of new traders nowadays really following the proper way to become a successful trader. because to be honest what i see is a bunch of frustrated traders and some traders that still keep pushing despite of their losses..
Actually I've been there when i was new because of greediness and etc wherein until i found this information from some group in the internet , sorry but i forgot the name but the title say "a journey to become a successful trader". .
So that time i decided to start from the beginning and after how many months there's literally a big changes on me and i become more confident when it comes trading..
That's why i create this thread to help every new trader and to tell them that there's a real path for it.
Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!
1. Learn the basics - make sure to understand all the basic concepts before advancing
2. Choosing a system - develop your system
3.Trading plan - Create a trading plan around your trading system
4. Back testing - Now it is time to test your system by back testing and also forward testing
5.Review - track and review your trades Calculate your expectancy
6. Demo testing - Trade it like a live account & build knowledge
7. Live trading - manage your risk and trust your trading plan
8. Professional trader - grow your account exponentially, keep reviewing and logging your trades. Be consistent and be disciplined!
Credit to the respectful owner of these information..
These steps are quite alright to give proper guidance and support to become a successful trader. But remember there is this Adage that says "
It's not all that glitters are Gold" even though the steps are well good and self explanatory, but it will still not favor some traders, must times due to greediness. Because some traders cannot take advantage of the little profit they have, they will still be waiting thinking more profits will come, until maybe the market goes down again.