6 Tips That Are Very 'Rare' For Traders Forex, Stocks and Commodities

Every day more and more people are involved in the world of trading in search of side income.

There are also those who set the goal of wanting to achieve financial freedom from this industry.

There are those who want to become stock traders, many also enter the forex market and do not forget those who trade commodities and others.

On the first day of encountering the world of trading, start google here and there, look for this teacher until you are drunk with information.

Not to mention the basics of trading, there are already many techniques that appear before your eyes.

To help new traders, we will share simple tips that will be broken down into several parts to avoid information intoxication.

Read, digest and if the taste of these tips can be intoxicating, avoid continuing to read them.

These tips are collected by discussions, opinions, and advice with traders who have almost 10 years of experience and successfully enjoy a comfortable life as a full-time trader.



Tip # 1:  Science

Quoting from Robert Kiyosaki's book, Rich Dad Poor Dad - “I worry many people are too focused on money and not on real wealth, which is education. If they are willing to be more flexible, open-minded, and willing to learn, they will become richer and richer through the knowledge they have. ”

In trading, the money used is real money. Not Saidina or Monopoly money to be burned at will.

Learn the science of technical and fundamental analysis actually. Learn as much as you can until you are proficient.

Finding the right books and teachers should be a priority. Find and scoop as much knowledge as possible. Remember, find a teacher who is really consistent in their trading. Avoid being tricked by plagiarism teachers who do not even know the original thing in the technical analysis.

Tip # 2 : Motivation

Why really want to trade? Insufficient salary? Want to get rich with trading? Want to achieve financial freedom?

Write down the goals to be achieved in the trading industry. Make sure the goal is exactly what you want to achieve, not just follow.

This trading world involves emotions going up and down. The loss experienced may be self-defeating and the majority of beginners will think to give up.

Get involved with people who are already successful, read articles that provide motivation and knowledge. Always diligent to read books, top-up knowledge.

Put 200% effort to succeed, otherwise do not enter this industry.

Tip # 3 : Emotions

Learn to control your emotions. In trading, there is only a buy and sell. Just like our emotions when in this world there is only greed and fear.


Learn to control these 2 emotions. As Warren Buffett put it - "Greed when others are afraid, fear when others are greedy."

If these 2 emotions are successfully controlled, it can help to succeed in this field.

Tip #4: Diary

Record each trading plan, record diligently, and in detail. This is for us to review the reason for entry, good trading plan or not, and so on.

Taking notes will help us find the right tune, right here means confidence that fits our own style.

Avoid following others who want the seventh heaven technique which eventually loses because there is no trading style of their own.

Understand the basics of trading and if in the diary there are some things that are not understood, do research and learn!

Tip # 5: Checklist

Before we embark on a trip to travel, we will make a long checklist of what is needed such as passports, winter clothes, and others.

Just like trading, provide a checklist before the entry position. Check what is appropriate and what is necessary.

For example, are basic signals such as trend, SnR, trendline enough for our entry or need confluence with other indicators?

Each time before entry, list the relevant checklist, which suits us.

Tip # 6:  Hardworking

Want to succeed right? Do not be lazy. Diligently make a checklist, diligently write a diary, diligently add knowledge.

If you just want to play, trading is not a place to burn money. Want to learn, really study.

Make sure the goal is always strong in the mind.

And work hard to achieve what you want.

These 6 tips & tricks are expected to help and please share this article with others to help more serious traders who really want to succeed.

Many more tips will be added from time to time so stay tuned with us!