it is my answer from member spotlight
8. What would be your advice for the members of BabyPips.com community?
If you want to be a profitable long term trader. Grow these 5 elements:
- Build and test strategies
- Develop yourself, gain knowledge
- Manage your capital properly
- Adapt your trading strategies to the changing market
- Reduce the influence of emotions to a minimum.
I also have good news and bad news. The bad news is that you have to master each of these elements. Imagine these 5 elements form a chain. If one element is weak, e.g. money management, even the best strategy will not help you, sooner or later you will wipe your account.
The good news is that it can be learned, it takes time, so the most patient are successful.
Should I add something more?