Top 5 Skills of The Successful Forex Traders

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Old Dec 2, 2016, 5:06pm   #1
 
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Top 5 Skills of The Successful Forex Traders

To become successful trader, you need to have some quality skill.
(1) You should have love for trading on Forex.
(2) Simplicity
(3) Strong mindset- should have Mental and Emotional Toughness.
(4) Disciplined on trading
(5) Egoless
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Old Dec 8, 2016, 1:47pm   #2
 
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Nice list. Thanks. it is really interesting!
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Old Dec 8, 2016, 5:10pm   #3
 
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Not that I trade Forex (unless in exceptional circumstances e.g brexit/trump) .....

But I'd add ... Focusing on only a handful of markets, rather then trying to trade 20 different pairs; to the list.
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Old Dec 9, 2016, 12:02pm   #4
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i dont think its just 5 though its an interesting list, lets add to it,, knowledge and good at seeking it..
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Old Dec 16, 2016, 1:40pm   #5
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Making a daily habit of going through news sites to get an idea about the news that may have significant impacts on the currency market.
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Old Dec 16, 2016, 5:52pm   #6
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Quote:
Originally Posted by RoiFX View Post
To become successful trader, you need to have some quality skill.
(1) You should have love for trading on Forex.
(2) Simplicity
(3) Strong mindset- should have Mental and Emotional Toughness.
(4) Disciplined on trading
(5) Egoless
there goes 99% of the best traders in the world........
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Old Dec 16, 2016, 5:55pm   #7
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Quote:
Originally Posted by ffsear View Post
Not that I trade Forex (unless in exceptional circumstances e.g brexit/trump) .....

But I'd add ... Focusing on only a handful of markets, rather then trying to trade 20 different pairs; to the list.
agreed ....my own forex style is using an approach that makes sure you are always focused on the most tradable of the G8 pairs on offer at any one time .not more than 4 or 5 pairs .......

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Old Dec 20, 2016, 4:52pm   #8
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A successful trader is the one who practices a lot and who have proper management skills. Practice is the key to all.
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