Thread: How to Judge the "Ability" of a trader?

The forex business is the heaven for those who are making a huge money from here, and hell for those traders who are losing money. What decides whether a trader can be able to gain from forex or not is the ability of the trader. If the trader is able to make good profits, then such trader can make huge money from here, otherwise a trader with low ability may face trouble in making their ground.

The best way to judge ability of a trader is by his performance in difficult situation. It’s easier to perform when things are easy, but the real quality is shown when we get into trouble water. I am lucky that I am I have enough support to test myself very well and it’s due to the help of great broker I work with.

It is OctaFX that helps me so much since they have got excellent cTrader demo contest, it’s mind blowing with having 400 dollars prize, so using this I can learn to trade well and that always lead into great learning, but more importantly I get chance to get profits which is why I am so successful even after facing so many difficulties.

The more a broker operates on the market, the more their ability is. For example, my broker Fresh Forex is already 11 years old and it was the right choice to deal with this company. I also pay attention to support service and I know this broker was recognised to be the broker with the best support service.

YOu cannot judge the ability of a person like this, you need to take a look t his record,and selection of a broker,my broker is FBS Markets

The only way we will be able to find the capability is by regularly practicing and without that it will be really hard to judge what we are really capable of. I work with FMbinary.com broker where they have free demo account setup, it is quite fascinating with having 2-5% guaranteed payout for all major assets while there is no extra fees or commission ever been charged, so that is what makes them so good and better than the rest.

Ability of a trader is definitely from trading results, so you need to see those results in order to judge the capacity and capability of a trader

Originally Posted by Rahul247

Ability of a trader is definitely from trading results, so you need to see those results in order to judge the capacity and capability of a trader

Nah, I disagree with this.
To see someone's ability in forex trading, you might want to see their skills in analyzing the market.

I believe anyone can shine when sun is shining, but the real trader is one who performs at best in the worst situation and that’s where our real ability is found, if we are really good in trading than our performance will be stable in all times instead of just good when situation is clear. I believe trading is not alone about analysis, but it comes about wise and been street smart, it is what makes a really quality trader. I work with OctaFX broker and that’s where I have learned to perform in all situations especially thanks to their Champion demo contest which gives me ideal opportunity to practice on regular basis and also got 1000 USD prize to work with.

Originally Posted by Alex Loudon

I believe anyone can shine when sun is shining, but the real trader is one who performs at best in the worst situation and that’s where our real ability is found, if we are really good in trading than our performance will be stable in all times instead of just good when situation is clear. I believe trading is not alone about analysis, but it comes about wise and been street smart, it is what makes a really quality trader.

I agree with this. The most skillful trader is the one who able to minimize the risk and losses even in the worse market situations...

I consider unlicensed brokers to be completely disabled. FCA has recently warned about SunbirdFX broker that has no licence and I don't really realise what people think about when they invest in a company like this.