Steps to Become a Master Trader

[Raleigh Lee 10]

What have you found to be the most important steps to becoming a consistently profitable trader?

[DbPhoenix 42]

1. Develop a thoroughly-tested consistently-profitable trading plan.

 

2. Follow it.

[TheDude 10]

Ignoring all the advise one comes across in the retail domain/internet/books. In fact, often doing the opposite.

 

There's so much sh!t pumped out there by people who have probably never traded a 1 lot in their life it's untrue!

[samuel23 10]

Tiny margins — Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.