Defination of a Good Trader?

Oct 09, 2011 at 08:11
4,212 Views
48 Replies
Member Since Jul 19, 2020   310 posts
Sep 23, 2020 at 10:41
A good trader is who can make consistent profit over the years. He can do whatever he wish as long as he is making regular profit and not blowing his accounts. He is a good trader according to me.
Member Since Jul 19, 2020   749 posts
Sep 23, 2020 at 12:43
A good trader is very discipline. Discipline is the common quality among successful traders. Strategy may vary from trader to trader but discipline is common among them. Also a good trader can control his emotion and can make regular profit.
forex_trader_1786937
Member Since Aug 23, 2020   107 posts
Sep 23, 2020 at 15:20
Anybody that the sum of his/her winning trades is greater than the losing is a Good Trader.
As a Professional, that is how we defines a good trader.
Member Since Jul 19, 2020   742 posts
Sep 24, 2020 at 00:20
If you want to know a good trader, first you have to see how disciplined he can be. Every trade needs a plan. Trading results are not good without a plan. There are many strategies and it is very important to maintain them. A trader who cannot follow risk management and money management will never be a good trader. A trader who can manage all these things with patience is known as a good trader.
Member Since Mar 16, 2020   54 posts
Sep 29, 2020 at 04:33
A good trader always trade according to his/her strategy and it is good to stick with it. It doesn't matter if you lose few of your trades that will be a experience one can learn from.
Member Since Apr 01, 2020   227 posts
Sep 29, 2020 at 10:06
If you want to become a good trader than you should have good knowledge and skills and also have patience and decipline in his trade.
Member Since Jan 11, 2019   140 posts
Sep 29, 2020 at 10:46
Winning and losing does not lie in trader's hands but the one who handles all the situations positively is considered as a good trader.
Member Since Feb 28, 2014   26 posts
Sep 29, 2020 at 12:05
Good traders are very selective, have control over themselves and understand how sheep thinks and acts.

Member Since Jul 19, 2020   283 posts
Sep 30, 2020 at 09:16 (edited Sep 30, 2020 at 09:17)
Good traders are those who can make decisions quickly and perfectly., who have enough knowledge about the market, can make a good strategy.
Member Since Jul 20, 2020   278 posts
Sep 30, 2020 at 18:33
Becoming a good trader is not an easy task. If you want to be a good and profitable trader you have to be well educated and experienced.
Member Since Jul 19, 2020   742 posts
Oct 01, 2020 at 00:42
There are many problems to be faced when trading under a market maker broker. You need to trade under a broker whose spread is low. That broker has been working for the benefit of traders. 90% of beginner traders lose their first deposit. Therefore, it is very important to choose a good broker. Many good brokers in the Forex market offer the highest benefits to beginners and pro traders.
Member Since Jan 11, 2019   140 posts
Oct 01, 2020 at 05:12
Fxringleader posted:
Definition of a Good Trader: Professional Gambler and expert at calculated Risk. & Can make a Dollar out of .15 Cents.


You think forex is purely gambling?
Member Since Apr 15, 2020   187 posts
Oct 01, 2020 at 08:29
Capitalhill posted:
As for me,
A good trader is a trader that always stick to his or her plans, like taking lose when it is due, and always knows he or she cant win all the time, but always have the winning trades exceeding the losing trades i.e the sum of all winning positions, after subtracting the losing positions, u still have profits.

Make ur own defination

A good trader is the one who is disciplined and does not have a greedy approach.
The more your practice, the more you learn.
forex_trader_1786937
Member Since Aug 23, 2020   107 posts
Oct 02, 2020 at 13:45
Plan your trade, trade your plan.
Member Since Jul 20, 2020   278 posts
Oct 18, 2020 at 21:03
A good trader is a trader who always focuses on making money from this market. Who always try different types of strategy to increase his profit ration.
Member Since Jul 20, 2020   286 posts
Oct 19, 2020 at 01:34
If a trader learns from losses and goes ahead trading with a positive mindset, he is known as a good trader. One of the qualities of a good trader is to follow risk management and money management and always trade according to discipline.
Member Since Jul 23, 2020   816 posts
Oct 26, 2020 at 12:34
LeviSievwright5 posted:
If a trader learns from losses and goes ahead trading with a positive mindset, he is known as a good trader. One of the qualities of a good trader is to follow risk management and money management and always trade according to discipline.

That’s right. I think mindset is most important. Trader often struggle to manage that.
Member Since Jan 11, 2019   140 posts
Oct 27, 2020 at 06:29
Fxringleader posted:
Definition of a Good Trader: Professional Gambler and expert at calculated Risk. & Can make a Dollar out of .15 Cents.


I agree, risk calculation is must while trading forex
Member Since Apr 15, 2020   187 posts
Oct 27, 2020 at 07:10
Decision making makes a trader good or bad. IF a trader takes decisions based on the facts instead of emotions, he will automatically be able to take correct decisions. Apart from this, following a simple and tested strategy adds up to a good trader.
The more your practice, the more you learn.
forex_trader_1986919
Member Since Oct 27, 2020   1 posts
Oct 27, 2020 at 09:51
Good trader is the one has trading plan and stick to it regardless of what, which includes discipline and patience.
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