If You Do Not Have These 3 Things, Maybe You Will Lose Early In Trading Especially # 3

Being a trader is not as nuts as told, what is needed is not just effort and perseverance but there are some skills that must be there to help towards success.

We at Team Kakiforex.com list 8 must-have skills in navigating this challenging path.

Confidence

Confidence is often misunderstood as just an attitude. In fact, confidence is one of the skills that must be mastered.

A trader needs to know when there is a need for confidence in their setup, not just reckless confidence and slaughter!

And when there is controlled confidence, the situation will be more organized and at the same time will be better over time.

And one of the most important is when the position is in a state of loss, rest assured that it is not a good setup and find out why the loss.

Time management and planning

A successful trader will master to manage time and plan when to trade.

Planning needs to be done early, especially on weekends and nights before trades.

Having an initial perspective will allow any trade to be and if not even, we will quickly make a post-mortem where the mistake is.


Emotional control

Greed and fear will always be a trader's companion every day. If not greedy, they will be afraid.

Controlling these two emotions is the backbone of a trader's success.

When in the middle of a loss, SL will not be pulled at will. When it comes to profit, TP will not be withdrawn at will either.

Everything is based on analysis and remember, remember, remember, trade what you see is not what you feel.

These 3 skills are very important along with other skills to take you deep into this trading industry.

Neither technical nor fundamental analysis is useful if you do not have the right skills, especially self-control skills.

Stay tuned with us and you will learn many more things.