Essentials of success

Many have pointed out what it takes to be successful in trading and here are lots of pearls :-)
The most important aspects for me are being aware of when my greed kicks in, patience, consistency, not listening to FOMO, and sticking to my values, strategies and money management.

«Against the backdrop of the issue of risk management, the issue of profitability is always secondary.»

I've noticed that the same help me as well! Never listen to others that try to guarantee they can make you successful and instead, rely on yourself.

posted:
Many have pointed out what it takes to be successful in trading and here are lots of pearls :-)
The most important aspects for me are being aware of when my greed kicks in, patience, consistency, not listening to FOMO, and sticking to my values, strategies and money management.

Against the backdrop of the issue of risk management, the issue of profitability is always secondary.

Really like this quote. This underpins trading and is often disregarded by beginners who fail to see the bigger picture.

Trading, like any business, is first and foremost about psychology.
It is worth taking the time to study it.
It will help in the future.
Definitely.

Foreign exchange (Forex) trading requires expertise, trading abilities, and a grasp of the market. It is in your best interest to continue educating yourself, as this is the one and only approach to guarantee financial success in forex trading.

Success is always a combination of factors. The quality of your work. The size of the deposit. The current market situation. And even luck (although it's not the most important of course), but still...

To start with trading, make sure you understand how the market works and with time learn to adapt changes, last but not the least stay disciplined and never ever lose your patience.

Success takes time but I always stick to these points:
1.Trade like a business, not as a passion or a profession.
2.Set reasonable goals for your objectives.
3.Always Use a Trading Plan
4.Never stop learning new skills and strategies

A good trader is someone who is willing to learn from mistakes continuously. The essentials of successful trading are that one should always use a trading plan, treat trading like a business, use technology to your advantage and always use a stop loss.