These 4 Traits Will Make Traders Successful

If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.

To be successful trading, Dr. Steenbarger has learned:

1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;

1. Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;

1. A simple trading journal that will help you improve each day; and

1. That the best traders are ones that embrace losses and use them to become better.

Author: Dr. Brett Steenbarger

Source: https://blog.topsteptrader.com/brett...utures-trading

www.tallinex.com wants you to make money from the markets.

Many traders don’t some simple but easy maintain rules to be successful in Forex market. And these are– good trading plan, trading analysis, overcome own mistakes and emotionless. For my beautiful Forex journey I select Forex4you which is an experienced broker and to trade comfortably they help give expert advice’s, fluent trading environment, daily trading charts, quotes and reports and trading analytic support. It is really good to trade with them.

Money management is very important in Forex trading; if the capital cannot be managed correctly, you can lose the entire capital in one or two bad trades. Surviving is very important in the Forex market. My cash management report is only 2%. I'm trading with TP Global FX. They help me in my difficulties. They have competitive leverage of up to 1 : 1000, spreads reduced by 0.0 pips and many more.

Yes definitely there are four traits which can make a trader successful in his trading career. These traits are patience, hard working, determination and keen to achieving knowledge. Traders are mostly in deficit of these four types of attitude as a result they are failure in most of the cases. Trade12is a broker grows confidence among their traders with their handsome facilities and security issue.

Set your goals and choose a compatible trading style with compatible trading platform. Also it is important to choose a broker like FXPremax who offer a trading platform that will allow you to do fundamental or technical analysis whatever you need to do. Before you step in forex world you need to prepare yourself with some informative & useful knowledge. Then you can begin your journey with your knowledge to experience the trading world.

Since my first day of trading I have used the scalping strategy that brings profit in a short time. And to use this trading policy correctly I chose AAFX which is the true ECN Execution trading platform and always guarantees the best trading environment for scalping by providing lower trading spreads from 0 pips which is really comfortable when scalping. That's why my business life has now become profitable.

Quote:

---

Originally Posted by Mathew Singleton

Money management is very important in Forex trading; if the capital cannot be managed correctly, you can lose the entire capital in one or two bad trades. Surviving is very important in the Forex market. My cash management report is only 2%. I'm trading with TP Global FX. They help me in my difficulties. They have competitive leverage of up to 1 : 1000, spreads reduced by 0.0 pips and many more.

---

How many consecutive losing trades will withstand your score? And what is the risk per trade? I think your account will withstand about 50 losing trades in a row. Why put so much money in the account? If I lose 5 times in a row, then I do something wrong. If I lose 50 times in a row, it is too early for me to trade a real account, it is necessary to trade a demo.

I think that Dr. Steenbarger wanted to say that in order to be successful trader it is advisable to apply some risk management techniques in order to keep your profits and funds stable.Its important. Additionally, I always learn from my lose deals, this is stressing the need of continuous learning

Good trading knowledge, patient, hard work and perseverance are the pillars of successful Forex trading. If you want to become successful you have to be like that. In my trading life I have been traded with FXdirects because they give excellent and fluent trading platforms where a trader can easily trade comfortably and make his bright trading future easily. I have become now a knowledgeable, patient and hard worker and perseverance trader.

Though forex being an over the counter market is providing flexibility, liquidity and independence of making money, many are reluctant to earn money in forex due to the risks factors. But each forex trader must try to follow the basic rules of trading such as: proper administration of capital, supervision of trading risks, maintaining proper trading journal, controlling your sentiments, etc. all can help a trader to be a survivor here.