Tips for Traders - Part IV
![]( "Tips for Traders - Part IV")
The series of Tips for Traders continues, were we will introduce a couple of new trading tips that we believe might be useful for traders.
First Advice:
No practice, no improvement…
When somebody starts their studying to be a successful engineer for instance, it takes years and years of practicing in order to progress.
The problem is, you expect that becoming a professional trader takes less time.
Do you think that it makes sense?
Henceforth, don't jump into real trading the second day you’ve heard about currency trading. Keep in mind that live trading is definitely different from demo trading.
You can turn $1000 into $ 100,000 within a month with your demo account, but once you start live trading, your own thoughts and your emotions will control your behavior once you see the negative psychological effect of a triggered stop loss!
Second Advice:
Keep things simple and you will see more…
Dear trader, when you stuff 20 technical indicator on your chart it will not be comfortable, as you think because as long as you keep it simple you will not be under the optical illusion effect.
Believe me, when you arrange your preferred indicators neatly you will be capable of interpreting the movement of the market in less time. Yes, less time to make a decision. Please don’t be astonished!
If you are hesitant in accepting this fact, then let us together compare between the clean chart (image No. 1) and the crazy chart (image No. 2)
Image No. (I)
Click on the image to see the full size
Image No. (II)
Click on the image to see the full size
Which do you think will help you trade easier and faster?
To check part III-click here-