Successful traders are always inspirational for newbies. That’s why experts always suggest reading the stories of pro traders so that newcomers get motivated. Actually, successful traders also face ups and downs. But, they don’t lose hope. Instead, they persevere. And so, they end up ruling the market. They possess a unique set of skills which helps them to get the rewards. However, if you observe them properly, you may get to know about their techniques of trading which may help you to do better. However, pro traders give many tips through their YouTube channels. As a newbie, you can also watch these.
In this article, we will discuss the four big names of this big investment world. So, if you have lost your motivation, you should read about them. We hope you may get the strength to start a new journey.
Rayner Teo is one of the best traders in the world. On his YouTube channel, he discusses the various ways of dealing with trading problems. However, he didn’t become successful within a short time. By dealing with the huge complexities of the market, he has achieved his goal. By the way, in his varies, he has also discussed the secrets of trading. He suggests, moreover, that youshouldn’t use the SL price level at the level of support.
Bear in mind, if you can maintain the lower risk, you may get success by adopting the simple method. That’s why he advised me to take risks logically. He also suggests, without understanding price movements, traders should not start day trading. Because, if they can’t understand the price movement of the assets, they might fail to reduce the risk. However, he is always honest and he is always sincere about his work. That’s why he gets the reward.
Ross Cameron is a successful day trader and his videos are so motivating. He always suggests, don’t quit trading after facing a small loss. To become successful, you have to learn to deal with the losses. Or else, it’s not possible to achieve the goal. Cameron also provides the suggestion via chat room. So, if you are new in this field, you can get help from him through the chat room. In this chat room, many traders share their opinions.
However, he always emphasizes four facts. They are, traders need to aware of their limitations, they should know the ways of managing the risk, and they have to learn about the applications of the indications. And last but not least, they should apply a simple plan. To learn more about such elite traders, you may seek help from the high end brokers Saxo. Visit their website here and feel free to communicate with their customer support team.
David Tepper is known as the richest trader in the world and he works in the biggest financial organization. He supports the fact, traders need to greedy to make money. Sometimes, traders close the trade because of the fear of losing money. But, as a retail trader, if you desire to get good returns, you have to wait. For this, you should reduce your fear. Tepper also suggests you have to accept the changes in the market, and you have to accept your mistakes. He also advises learning from the mistakes to do better. The most important fact, he claims, is that there are several opportunities in the market. But, all are not money-making opportunities. Some trade will be for securing your capital.
Victor Sperandeo trades commodities and he is an experienced trader. He always emphasizes the importance of mental discipline, He thinks that the only discipline that can help the traders to overcome the barriers. He also mentioned the disadvantages of having an ego. However, he also says, it’s important to set the fixed goal so that traders can trade systematically. He says that mental discipline is more important than intelligence. If you can’t increase your mental strength, you may not survivein this market in the long run. So, you should focus on this issue if you want to trade commodities.