Why are some traders successful?

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.

Some traders are successful due to their right trading strategy.

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

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.

Traders who have skills and utilize them in trading, wins.

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

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.

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

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

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.

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.

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.

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.

Like most answers here, risk, money & time management is what helps traders profit from the risky market environment.

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.

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.

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.

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.

Trading is always about learning. There is always more to learn and develop. That is only way to keep ahead of the market