The most important characteristics of a successful trader Back to list

Member SinceJul 08, 2021

Posts 324

Kihn

Dec 27, 2021 a 10:56
Every successful forex trader has a set of things that they constantly strive to do in order to become successful and then remain successful in forex for a long time.

To be successful in forex trading, traders need discipline in capital management through money management. They must always follow what has been planned and laid out and never stop learning and seeking knowledge.

It is feared that many people will not be able to follow this science at a higher level, causing the development of these traders to be hampered Patience is a very important factor when it comes to the forex market once we start trading

If we lose as much as our analysis is still sound, we have to be patient instead of making a hasty decision

In addition, a successful trader always trades with the goal of achieving a specific daily percentage without looking at any profits after achieving that goal. A successful trader must also control their emotions.

Member SinceJul 12, 2021

Posts 314

meni78

Jan 08, 2022 a 15:21
The most important characterisitics of a successful trader can be summarised as follows in my opinion:
- The trader needs to be careful, yet not too much. He needs to be able to strike just the right balance.
- The trader needs to be willing to learn, and never stop learning and researching as this will back up the success of his decisions.
- Is able to control his emotions when taking decisions.

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