Top 5 Resolutions for traders 2023

[Jennyjack]

The year 2022 is coming to end, and soon 2023 will start. End of the year is great time for the traders to review their overall 2022 performance and reflect on how they've fared in the market.

1) Creating a trading plan
creating a trading plan is must to outline which is properly researched and documented by the traders to help guide them in their trading decisions. Mainly the trading plan will outline how traders identify an asset they wants to trade, the main purpose of the trade, and even the entry and exit point.

2) Stop the loss
Even the most well planned trade can results in the losses. Knowing when to cut those losses is a critical part of becoming a successful trader. Often it happens when a trader holds onto their positions in the hope that the price will bounce back, but sometimes, these losses could grow even bigger, specially if the asset is continuing to fall.

3) Risk management
As a trader, improving risk management strategies will benefit the traders as it helps traders to minimize their exposure when trading. Moreover there are various ways a trader can manage their risk, such as not overleveraging their trades. While also leveraging has the potential to help traders increase in earnings, it can also increase potential losses.

 

[FXOchartist]

Happy new year 2023, wish in this year all traders will become successful traders and get financial freedom, what the market in this year still gives opportinities to making profit from difference price movement.

Besides about stop loss and risk management, also important to learn and understand the market, looking on the right time making entries and price to minimize the risk because rush decision based on FOMO is not good for trading.

Choosing trusted broker also important for long term business, since the beginning I use FXOpen broker I really satisfied to this company.

 

[Ivo Zetticci]

If you want to get your return quickly, then scalping should be your desired trading style. A reliable broker is needed for scalping and I know Eurotrader as a reliable broker which is powered by smart bridge technology and allows traders with a 111% deposit bonus.

 

[Dita Walczak]

If you truly want flexibility and freedom, Forex can be a good match for you. You are also flexible here to use leverage as much as you want. Eurotrader broker offers high leverage, narrow trading spread and other facilities moderately to traders. Their 111% deposit bonus offering is really alluring.

 

[Jack Reacher]

As broker is an inevitable part of trading, you have to be cautious about broker selection. Try to go for such brokers that allow you with smart bridge technology because this technology is fast and secure and you won’t face any technical issues like requites, slippage and dealing desk. And all these facilities you will find available in Eurotrader broker.

 

[BinarySumo]

Happy New Year, traders! Introspecting your previous trades in the last year is a good step for keeping track of your growth and setting realistic goals. Take small steps and always go with a plan. Hope you all have a successful trading year ahead. Best wishes!