How to become a successful trader with any Indicator or method..
To become consistent successful trader you need to be consistent in Risk Management & Psychological.. And you need to modify your RR (Risk, Reward) as per your trading method result (Check your trading method for 100 trades, 50 times which mean you need to check total of 5000 trades)...
For example. If your trading method goes positive 30% of the time, you need 1:3 RR to go in profitable...... If your trading method goes positive only 10% of the time, you need 1:9 RR to go breakeven......
Important Notes:
Never forget to setup the Stop Loss
That's It trading.. It is that much simple in Theory..
When comes to practical
You need to train your mind,.. To alter your mind. There are some methods which is more effective.
First and most important.. Do some exercise after you woke up and completed basic routines of life (emptying stomach and brushing teeth), You may take shower, it is not important, But taking shower after exercise is most important.
I recommend Yoga, Pranayama and Meditation. Those are most effective for both body and mind..
(Some people may thing the Yoga,Pranayama and meditation for some group of people's. It is not like that. Those things are made for humans).
Final Words...
What methods will not(never) work.. (very low probability for winning)
Taking orders random without having an trading edge...
Taking orders randomly and believing on God to push the price for your favor
This method will never work... I mean the probability of winning trade is extremely low
To become consistent successful trader you need to be consistent in Risk Management & Psychological.. And you need to modify your RR (Risk, Reward) as per your trading method result (Check your trading method for 100 trades, 50 times which mean you need to check total of 5000 trades)...
For example. If your trading method goes positive 30% of the time, you need 1:3 RR to go in profitable...... If your trading method goes positive only 10% of the time, you need 1:9 RR to go breakeven......
Important Notes:
Never forget to setup the Stop Loss
That's It trading.. It is that much simple in Theory..
When comes to practical
You need to train your mind,.. To alter your mind. There are some methods which is more effective.
First and most important.. Do some exercise after you woke up and completed basic routines of life (emptying stomach and brushing teeth), You may take shower, it is not important, But taking shower after exercise is most important.
I recommend Yoga, Pranayama and Meditation. Those are most effective for both body and mind..
(Some people may thing the Yoga,Pranayama and meditation for some group of people's. It is not like that. Those things are made for humans).
Final Words...
What methods will not(never) work.. (very low probability for winning)
Taking orders random without having an trading edge...
Taking orders randomly and believing on God to push the price for your favor
This method will never work... I mean the probability of winning trade is extremely low