The most common thread among all successful traders is trading mentality.
Trading mentality isn’t just about buying and selling, it includes several factors. Risk always exists in the market. Trading is all about transferring risk from adverse price to those who are willing to take risk of the possibility of getting profit from expected rise in prices.
The market tries to confuse its participants. The market is not to get you out of the market. Usually bullish market is regarded as good and bearish market is regarded as bad. Being a good trader, a trader should have two sided view, neither bullish nor bearish.
Whatever you see in the market, react accordingly.
A good trader never let emotions to overcome his overall strategies. A good trader must have passion for trading that can lead him towards learning process of market and trading.
In order to execute all trading concepts, it is necessary for traders to acquaint themselves with clear concepts of trading strategies.
A trading strategy is a fixed plan that is used to achieve a profit by going long or short in markets.
For successful trading, traders must pay heed to certain principles to maximize profits.
For successful trade there is need to define assets to trade, entry, exit points and money management. Trading strategies are base on fundamental or technical analysis...............