Why are some traders successful?

Learning and being cautious when it comes to trading might result in that.

According to me consistency and learning can lead you towards the successful path in forex market

Most traders always use a trading plan, and risk only what they can afford to lose, and know when to stop trading. But apart from that trading knowledge and daily Forex market analysis also plays an important role.

If want to become successful trader, we should learn to follow successful people, and learn from them to be motivated, maybe the way to become successful is different for each other, there are successful trader who works in PAMM trading, there are a successful trader who works in a bank commercial, we just find the way to success based passion.

The very nature of the market is such that it requires learning. One cannot expect to earn without learning first. So learn to use forex tools can be very important

A good combination of knowledge, expertise, trading skills, and a good trading psychology is required for success in forex trading. Use broker comparison tool to make sure to know your broker well before choose'em

Strategy sets the direction of a trader in trading, paving the way to use tp and sl in the right position. But, traders’ intention is different and they always try to make a quick buck.

Forex trading is hard for 95%+ to be profitable long term. If you can't trade, just stop and buy dividend stocks, real estate etc.

After 8+ years of being a profitable trader, every single trader I have 'known' has failed and stopped except me.

I have no secret, no magic setup.

 Just the right combination of talent, intelligence, risk appetite, bankroll management, 'balls', insight, and dedication to succeed.


I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.

Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.

Majority of the traders have eagerness but don’t have passion. Passion is such a quality that drives a man ahead and it is true to the bone for a trader.

Risk management and money management should be the part of one’s trading. The target of every risk management strategy is to save traders from sudden market crashes along with offering them profit on average.

Every trader is different and has their own unique approach that works for them. However, there are some common traits that successful traders tend to share, such as discipline, a willingness to take risks, and a focus on long-term goals. Of course, there's no guarantee that you'll be successful just because you have these traits, but they definitely give you a better chance of success than if you didn't have them!

Almost all brokers allow traders with scalping friendly trading facilities and a reliable environment.

Some traders are successful because they have worked very hard. They devoted time to understanding the market structure, conducting careful analysis, and following a plan with discipline. They are skilled and have a strong hold in their emotions. To become a successful forex trader, you have to think and act like them. Stay disciplined, focused, and consistent. Treat forex like a business and trade with all your might.

henrytrade posted:
Traders who are consistent with their trades, in my opinion, are the most successful.

Yes, consistency is crucial for long-term success, but other factors like patience, smart trading, and the right strategies also help you to become a successful trader.

Forex education is compulsory for traders who want to shine from trading. There are different forms of education available now and achieving it has become quite easier. So, devote yourself to learning and practicing as much as possible.

SteveFx11 posted:
Forex education is compulsory for traders who want to shine from trading. There are different forms of education available now and achieving it has become quite easier. So, devote yourself to learning and practicing as much as possible.

But many of trading educators are conman, they are not real trader. Yes, trading education biz is huge nowadays, but find a good quality education is still not an easy job.

electrica333 posted:
Yes, consistency is crucial for long-term success, but other factors like patience, smart trading, and the right strategies also help you to become a successful trader.

Agree, consistent operation alone is not enough to achieve consistent profit.

Forex creates a great career building opportunity for traders and it’s a 24-hour open market. It is the largest money market in the world where a broker serves a trader with all necessary facilities. Select a regulated broker so you can get support. Here, brokers work as an intermediary.

Successful traders always are good money managers besides having good trading skills.