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Old 04-25-2008, 05:32 AM
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Default How to Adopt the Traits of a Successful Trader

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Old 04-07-2009, 02:12 PM
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Not all Forex traders were cut from the same cloth, but the most successful investors do have several things in common. Whether you are a newcomer to trading or you are a seasoned pro who is trying to improve your game plan, the following suggestions may help you out. Below are five ways to evolve into a successful trader:

1. Become a lifelong student Never stop learning about the business you are in. If you think you know everything about the Forex market, then think again. The successful trader is a lifelong student who constantly absorbs new information about the ever-evolving climate of Forex trading.

2. Be courageous It's hard to overcome your fears when you are dealing with an unpredictable investment. Even if you are equipped with extensive knowledge about the market, you still have to put your money at risk every day. Reserve a small amount of apprehension (just enough to keep you sensible), but don't hesitate at every turn.

3. Hone your math skills You are wading through a sea of mathematical information every day when you look over your charts. The most successful traders know how to take that large amount of information and pull out necessary information.

4. Be patient Become a long-term investor and put all notions of overnight success to rest. You must adopt a stoic attitude, as you make the most informed decisions about your business and leave the rest to fate.

5. Learn to love trading Maybe you already do love trading and that's why you are involved with Forex. However, many people are either too wrought with anxiety to enjoy it or merely see it as a job. If you don't like trading, don't trade. A great trader will love the roller coaster ride he/she is on.
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Old 06-30-2009, 12:19 PM
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Hello everone,
When you want to adopt the traits of a successful trader because I believe that the Successful traders find a successful strategy and stick to it. Winning traders do not focus on the profit or loss of an individual trade. Instead, they feel successful when they identify a technique that works repeatedly.
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Old 07-15-2009, 11:57 PM
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I would strongly recommend reading Mark Douglas - "The Disciplined Trader" and "Trading In The Zone"
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Old 12-07-2009, 01:09 PM
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There is also a good list of books at ACMs site. The list is updated and says what the books are about
.ac-markets.com/forex-resources/forex-book
REGARDS
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Old 12-14-2009, 11:02 AM
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The formula to success in forex trading is to do the following:

Using Simple Method + With Discipline + Control Risks = Forex Trading Success
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Old 06-26-2010, 04:45 AM
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Traders were cut from the same cloth, but the most successful investors do have several things in common. Whether you are a newcomer to trading or you are a seasoned pro who is trying to improve your game plan, the following suggestions may help you out. Below are five ways to evolve into a successful trader:
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Old 06-28-2010, 05:13 AM
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That is a great post. In conclusion, the greatest traders work hard to get ahead and even harder to stay ahead. Through increased and niche knowledge they constantly adapt with the market and remain profitable in every environment. Drive, tenacity and the will to succeed is the greatest edge of every successful trader.
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Old 06-29-2010, 09:15 AM
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Quote:
Originally Posted by ericjones View Post
Not all Forex traders were cut from the same cloth, but the most successful investors do have several things in common. Whether you are a newcomer to trading or you are a seasoned pro who is trying to improve your game plan, the following suggestions may help you out. Below are five ways to evolve into a successful trader:

1. Become a lifelong student Never stop learning about the business you are in. If you think you know everything about the Forex market, then think again. The successful trader is a lifelong student who constantly absorbs new information about the ever-evolving climate of Forex trading.

2. Be courageous It's hard to overcome your fears when you are dealing with an unpredictable investment. Even if you are equipped with extensive knowledge about the market, you still have to put your money at risk every day. Reserve a small amount of apprehension (just enough to keep you sensible), but don't hesitate at every turn.

3. Hone your math skills You are wading through a sea of mathematical information every day when you look over your charts. The most successful traders know how to take that large amount of information and pull out necessary information.

4. Be patient Become a long-term investor and put all notions of overnight success to rest. You must adopt a stoic attitude, as you make the most informed decisions about your business and leave the rest to fate.

5. Learn to love trading Maybe you already do love trading and that's why you are involved with Forex. However, many people are either too wrought with anxiety to enjoy it or merely see it as a job. If you don't like trading, don't trade. A great trader will love the roller coaster ride he/she is on.
I completely agree with what you shared here. The basis of success in Forex trading will not depend solely in the knowledge per see but the passion that you put into it, but the two elements should be present in order to be successful. There are lots of good resources out there to help us actually. One of the best I have come across is makemoneycurrencytrading dot co dot uk as they run free webinars and training. And they run live portfolio so you can actually see if their strategies are making profit live. They send out a daily report each day with the trades.
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Old 07-01-2010, 12:11 PM
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Default @ericjones

Nice post! I am simply admire your dedication in writing a long post! Nice to read. Thank You!
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