All the successful traders

Bela_fx posted:
It takes consistency and never giving up attitude to become successful in life.

Becoming successful in this market mostly depends on the knowledge and trading ability of a trader.

If an individual wants to make money by forex trading, he needs to be highly skilled both technically and psychologically. Otherwise it's not possible to make money here.

Discipline is very important in successful trading. I never trade without discipline. Plan and discipline are a part of my trading.

All successful traders have one thing common - Consistency in the trades.

It takes time to be profitable. But the sad thing is most newbie thinks three to six months demo trading will do the tricks. And when they realize it's too late for some traders. Trading is a skilled based job. You can't do it without being skilled.

thespreader posted:
All successful traders have one thing common - Consistency in the trades.

Yes, it is real. There is a lot of successful traders, they can profit from consistency.

AliaDare posted:
Discipline is very important in successful trading. I never trade without discipline. Plan and discipline are a part of my trading.

Yes. Both are very important.

SteveHanks posted:

AliaDare posted:
Discipline is very important in successful trading. I never trade without discipline. Plan and discipline are a part of my trading.

Yes. Both are very important.

Yes. Truly, Discipline is very important. Which helps the constants profit in trading.

@AliaDare Yes discipline is the only common thing we can have. Every person thinks differently. But when it comes to be disciplined, everyone has to follow it. Otherwise consistent profit is not possible.

Success is not constant in trading. One day you may make a huge profit, and be called successful, and the other day, one bad decision or interpretation can take it all away.

If a trader doesn’t lose their base investment in trading, then it means they are already successful in my opinion.

williearnold posted:
If a trader doesn’t lose their base investment in trading, then it means they are already successful in my opinion.

Yes. But can it be possible not to lose any money?

williearnold posted:
If a trader doesn’t lose their base investment in trading, then it means they are already successful in my opinion.

I agree with you. Most traders loss their money because of their low knowledge.

As far as I know successful traders, few people talk about their success. I’m even at a loss to say why this is so.

@skihav yes actual successful traders do not talk much about their success. They love to stay low profile about their trading.

KnowFinance posted:
A successful trader is disciplined in following his trading plans. With discipline, profit ultimately comes.

To become a successful trader, you must be a thorough student of trading in forex. You must develop the capabilities and mental abilities.

I quite agree with your words. Discipline plays the major role in trading.
However, we shouldn't forget about other vital things which also affect your trading style and determine whether you will be a good trader or not. For example, emotional stability and good mental health. This thing always interferes plans of traders to become successful, because emotions control is considered to be one of the toughest techniques for a trader. No doubts, that there are some emotionless people by nature, but I guess there is a very little amount of such ones.
Anyway, discipline is the foundation of trading activity, so traders must know it and try to elaborate discipline in themselves.

Fenritaxe posted:
I quite agree with your words. Discipline plays the major role in trading.
However, we shouldn't forget about other vital things which also affect your trading style and determine whether you will be a good trader or not. For example, emotional stability and good mental health. This thing always interferes plans of traders to become successful, because emotions control is considered to be one of the toughest techniques for a trader. No doubts, that there are some emotionless people by nature, but I guess there is a very little amount of such ones.
Anyway, discipline is the foundation of trading activity, so traders must know it and try to elaborate discipline in themselves.

It is the biggest factor in my opinion whether thats discipline to stay out/follow rules or let your winners ride

Totally agree with this thought. Discipline is the main thing in trading as discipline allows a trader to implement their knowledge on practice. You can be infinitely smart and intelligent, but what's the sense of it? How can you benefit from your knowledge? That is why I think that the discipline is as significant as discipline when we talk about trading.