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  1. #1
    kausad is offline Junior Member
    Join Date
    Aug 2017
    Posts
    6

    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
    258

    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.

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