You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 9 of 9
  1. #1
    kausad is offline Junior Member
    Join Date
    Aug 2017
    Posts
    14

    Default What are the behaviors of profitable traders

    Who is a successful trader? What are his behaviors? Well, if you want to know the behaviors of a successful trader you should study about the traders in the United Kingdom. Why do you have to study about the traders in the United Kingdom? The traders in the United Kingdom are successful in trading and they have the behavior of a successful trader. It is not at all easy to become successful in the Forex market. If you want to become successful in the Forex you should have the perseverance and passion to succeed. So, what are the behaviors of a successful trader? They have sickening discipline, passion, patience, and dedication to trade the market. Actually, these behaviors are not only important for the na´ve traders but also for every individual. Each and every profitable trader is different one another but there are common behaviors to be seen amongst the successful traders as we discussed before. If you want to make money in the Forex market you should develop these behaviors in you. Let us read the article to find out the behaviors of a trader.

    They know that they can
    ‘Feelings' are unavoidable you may have feelings even if you lose a trade or win a trade which means it is the natural human behavior. If you lose a trade you may feel irritated, distraught, desperate and even discouraged but on the contrary, when you win a trade you may feel intelligent, happy, excited and content. So these things can happen in the market of Forex but in the successful traders' trading, career emotions will be kept aside. They will not let the emotions to become a roadblock in their journey. As we started describing the behavior of a successful trader you should understand that overcoming the emotions is one of the behaviors. The professional traders will not become emotional even if they win or lose so as na´ve traders you should practice it. Why do you think that they don't become emotional? They know that they can become successful in the long-run if they are patient by controlling the emotions so did they not achieve it? As we alluded above the successful traders in the United Kingdom were able to control their emotions so it made them own a successful Forex trading account UK. So, what you should understand is that you should have the faith in yourself. You should also know that your success does not depend on just one trade so don't give up if you couldn't profit from a trade. You should be brave enough to control your emotions when trading. You will face risks but you should take steps to manage it so then becoming successful will become a reality.

    They have the confidence
    Don't you think that having confidence is important? Of course, it is important. A successful trader's path has been built on the confidence of the successful traders. You should believe in your trading strategy and the ability to trade using it. You should be disciplined enough to follow the strategy. If you consider the behaviors of the successful traders they will be disciplined in the market so they have earned profits. So, what is actual confidence? Even if you have faced consecutive losses if you are trading the market again it means the confidence so this was in the successful traders' journey. If you want to become as successful as the traders in the UK you should make sure to follow the trading plan and not to give up. All the Forex traders would have faced losses but if you are trading the market in spite of the losses it means you are trying to become successful one day.

    They don't trade for 24/7
    Of course, trading is important but they don't spend the 24/7 in trading. They know if they spend the whole 24 hours in trading they will become addicted to it which is not good. The successful traders in control of their actions in the market so you should also try to become like that.

  2. #2
    Angel candy is offline Senior Member
    Join Date
    Mar 2016
    Posts
    380

    Default

    You can become a profitable trader by investing a lot of time in reading, analyzing and trying to understand the different patterns. Don't forget demo practice which is a very important part of the learning process.

  3. #3
    andengireng is offline Senior Member
    Join Date
    Aug 2017
    Posts
    112

    Default

    Profitable traders is only practice and practice, there is no shortcut to be a successful traders without practice, if you have enough your practice, let's join FreshForex, FreshForex will serve you better than the other broker. FreshForex will support you until you reach your goals as a trader.

  4. #4
    Lady C. is offline Junior Member
    Join Date
    Mar 2018
    Posts
    20

    Default

    Quote Originally Posted by Angel candy View Post
    You can become a profitable trader by investing a lot of time in reading, analyzing and trying to understand the different patterns. Don't forget demo practice which is a very important part of the learning process.
    I would add also testing, not software testing, but manual. This is a very good teaching to identify and recognize patterns.

  5. #5
    Sobahan Ali is offline Senior Member
    Join Date
    Jan 2017
    Posts
    352

    Default

    A successful trader is a trader who is able to predict the market with certainly, and he never trade at all with his emotions. Every successful trader obviously has a long term experience in this market and he never give up at all after unfortunately loss.

  6. #6
    GrindaK is offline Junior Member
    Join Date
    Apr 2018
    Posts
    19

    Default

    Trader behaviour is also a important factor in the trading.Trader should be calm and patient. Patience is very important while trading because you should be calm while trading because aonloss you should never lose your control because if you lose your control than you do wrong trade and lose the money.

  7. #7
    GrindaK is offline Junior Member
    Join Date
    Apr 2018
    Posts
    19

    Default

    The main aim of a trader on the Forex market is to cover up losses. A successful trader is the one who can do so but most of the traders can not cover up but they lose more. Successful traders never repeat the mistakes again and learn from every failure and success as well.

  8. #8
    Lady C. is offline Junior Member
    Join Date
    Mar 2018
    Posts
    20

    Default

    I would have a chance to call me a successful trader. But I still don't know what they are, these successful traders. Suddenly another trader it's not like I have?

  9. #9
    Stive Welson is offline Senior Member
    Join Date
    Jun 2018
    Posts
    128

    Default

    There are millions of traders prevailing in the market. There is no doubt that all traders are not equally gaining the desired profits. Profitable traders somehow manage to craft their trading strategies according to their needs. A successful trader knows it very well that being emotional can't help him; rather it will cause him to loss more. Again; pro traders know that without adequate trading knowledge this trading journey can be extremely difficult.

Similar Threads

  1. TradeFort rewards profitable traders!
    By raza2k13 in forum General Topics
    Replies: 0
    Last Post: 06-17-2013, 04:06 AM
  2. Our firm is searching for competent and profitable traders
    By daytrader10287 in forum Online Forex Trading
    Replies: 0
    Last Post: 03-25-2013, 09:21 AM
  3. Our firm is searching for competent and profitable traders
    By daytrader10287 in forum Online Training Institutes and discussions
    Replies: 0
    Last Post: 03-20-2013, 08:30 AM
  4. Our firm is searching for competent and profitable traders
    By daytrader10287 in forum Forex Postitions / Recruitment
    Replies: 0
    Last Post: 03-15-2013, 04:07 AM
  5. Day Traders, Scalpers and Position Traders - Different Types Of Forex Traders
    By FTT in forum Current Market Sentiment and daily forex trade recommendation
    Replies: 0
    Last Post: 04-21-2009, 04:16 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0