what makes a good trader

[Descrive]

Discipline, the ability to cope with the tense market environment, focus and learning new skills along the way. A good trader is a strong minded individual who calculates risk and takes their own time to receive profit by making the right moves.

 

[ohleclaire]

A good trader does not trade selfishly, accepts losses, works like a pilot. Structured, unemotional.

A good trader does not trade greedily, calculates his accepted risk management and remains patient.

 

[convex101]

Successful day trading usually requires a lot of hard work to develop the necessary skills. Many day traders have some natural traits to get started but will have to work at others. Successful traders develop discipline, patience, adaptability, mental toughness, independence, and forward thinking.

Timing

 

[skrimon]

A Good trader is always aware of the reward-to-risk ratio of each trade. A Good trader knows when to cut their losses instead of hoping for a turnaround. A good trader permits earnings to accumulate until an exit signal based on their trading strategy is triggered.

 

[dahlia_45]

Implementing the right strategy at right time, keeping yourself up for change in terms of learning, strategies, and trading, and while doing all these things having a consistent positive mindset.

 

[paparaxee]

There are several qualities that can make a trader successful in the financial markets:

1. Discipline: A good trader must have the discipline to stick to a trading plan and avoid impulsive decisions.
2. Patience: A good trader must be patient and wait for the right opportunities to present themselves, rather than trying to force trades.
3. Risk Management: A good trader must have a solid risk management plan in place and be able to manage their emotions while trading.
4. Knowledge: A good trader must have a deep understanding of the market and be able to analyze economic data and chart patterns to make informed decisions.
5. Flexibility: A good trader must be flexible and able to adapt to changing market conditions.
6. Emotional control: A good trader must be able to control their emotions, particularly fear and greed, which can lead to impulsive and irrational decisions.
7. Consistency: A good trader should be able to produce consistent results over time.
8. Perseverance: A good trader must be able to persist through losing trades and periods of market volatility.

It's important to remember that becoming a successful trader takes time, dedication, and a lot of hard work. It's also important to be realistic and acknowledge that not all traders will be successful, and that past performance does not guarantee future results.

 

[Daantje Pieters]

Knowledge, passion, dedication and hard work make trader good. But to enjoy Forex trading more, we should select a reliable trading broker because such trading brokers offer us high security of funding.