Why are some traders successful?

Jun 06, 2022 at 10:14
4,358 Views
106 Replies
Member Since Feb 16, 2022   119 posts
Nov 04, 2022 at 13:54
Finding the right trading broker has become difficult because of scamming. To find out the best trading broker, first of all you have to check the broker’s certification because it will let you know whether the broker is regulated or not.
Member Since Oct 28, 2022   50 posts
Nov 05, 2022 at 10:10
Some traders are successful due to their right trading strategy.
Member Since Jun 27, 2019   13 posts
Nov 15, 2022 at 14:10
Successfulltraders make sure that they test their strategy on a demo account for many months before using it on a live account. We can all be successful as long as we use a good strategy
Member Since Apr 03, 2021   470 posts
Nov 15, 2022 at 22:41
Don't be jealous of other traders' results, each trader already has their own portion based on their skills and knowledge. However, the struggle is a compulsory task in life to making effort to keep daily necessity smoothly to covered. Not only during trading needs money management, in real-life also needs money management.
Member Since Nov 15, 2022   24 posts
Nov 21, 2022 at 11:55
Traders who have skills and utilize them in trading, wins.
Member Since Nov 21, 2022   9 posts
Nov 21, 2022 at 16:43
successful traders are those that are lucky enough to have come across a strategy that actually works. There are so many bad strategies online that most of us end up using the losing ones
Member Since Feb 15, 2022   219 posts
Nov 27, 2022 at 13:04
Forex is a money market but don’t think it won’t only generate money for you but the scenario can be different too. And it happens in majority of the cases. Compile trading strategies with great prudence.
Member Since Nov 21, 2022   9 posts
Nov 28, 2022 at 14:30
Why are some people successful? Same as why some forex traders successful. If you're lucky enough to be smart and have money, you will be successful at anything. The rest of us just have to endure
Member Since Nov 29, 2022   10 posts
Dec 03, 2022 at 11:53
DavidWilks posted:
I think one of the most consistent things that helped me was always being objective, and never thinking you are too good to learn more.

Having a love of learning, and reading daily, always trying to improve.

I completely agree with you. Trading is an extreme mindset thing, If you aren't okay of failing and trying to fix where you went wrong and implementing new strategies than you will fail with trading. The problem with trading is that people think it's a get rich quick scheme when it's not and that's why people fail in trading
We are always WINNING!
Member Since Nov 29, 2022   10 posts
Dec 03, 2022 at 11:57
SteveFx11 posted:
Frustration is trading arises when traders fail to earn on average or stick to profiting. And this frustration reaches such a level that makes trader commit suicide.

That's extremely true it does get frustrating but, If they want to be the trader. They have to go through that frustration and pain of failing to profit or struggle. It's crucial to not think emotionally when it comes to trading. If you keep trying enough and not focus on frustration or your losses all the time you'll be the best in trading.
We are always WINNING!
Member Since Feb 15, 2022   219 posts
Dec 05, 2022 at 12:43
Traders feel unsatisfied when any broker delays sending their funds into the receiver’s account. But regulated and customer-dedicated brokers never create this scene with traders.
Member Since Feb 15, 2022   219 posts
Dec 06, 2022 at 11:33
Indicators make your analysis a bit more cogent and you should focus on this factor the most. Bollinger bands, moving average and Fibonacchi seem to be good indicators.
Member Since May 30, 2022   27 posts
Dec 12, 2022 at 10:44
By focusing on risk management and trading psychology, a trader can become successful. Other factors, like choosing the right broker, the right indicators, and the right trading strategy, are crucial too.
Member Since Nov 29, 2022   40 posts
Dec 15, 2022 at 05:54
Like most answers here, risk, money & time management is what helps traders profit from the risky market environment.
Member Since Mar 21, 2022   47 posts
Dec 15, 2022 at 11:04
Successful traders are those who have invested their time and efforts in learning all ins and outs of the market and trading. They are committed to continuous improvement and they do not fear having to learn from their mistakes.
Member Since Mar 11, 2022   51 posts
Dec 16, 2022 at 10:32
Meatus posted:
By focusing on risk management and trading psychology, a trader can become successful. Other factors, like choosing the right broker, the right indicators, and the right trading strategy, are crucial too.
That’s right. These points are indeed crucial for a successful trading career. However, there is not a single recipe for success in the financial markets. As said “nothing worth is easily achieved”, trading is a long and arduous journey that requires diligent efforts.
Member Since Mar 24, 2022   56 posts
Dec 23, 2022 at 11:39
Headmaster posted:
I always believe that one's mindset and attitude can make one successful. If a trader faces losses in the market, they can consider looking deeper into the matter and why they are failing. A mentor can help them grow, but it isn't mandatory.
I totally agree with you. It is one's skills and mental attitude that can make one successful. one can learn through books or courses about that.
Member Since Aug 03, 2022   25 posts
Dec 26, 2022 at 11:25
This is such an insightful post. It is true that every trader has to face some challenges before they become profitable or successful in the long run. The willingness to learn and determination to keep trying until they reach success gives them an edge. Trading will never be easy and one should not give up on trading just because they are going through tough times. We must keep on trying and success will come to us sooner or later.
Member Since Jun 25, 2019   10 posts
Dec 26, 2022 at 17:05
Trading is always about learning. There is always more to learn and develop. That is only way to keep ahead of the market
Member Since Jul 23, 2020   869 posts
Jan 04, 2023 at 16:18
Initially you need support from your selected brokers. If your broker provides you analysis done by their experts, you should make the best use of this opportunity.
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