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General Forex Discussion
What are the top things successful traders do?
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[QUOTE="jimcarter, post: 207899, member: 51429"] [HEADING=2]For a successful forex trader, you can consider the following things:[/HEADING] [HEADING=2]1. Patience[/HEADING] Patience is one of the important things for becoming a successful trader. You must be patient enough to wait for the price to reach the levels that your system predicts for either the point of entry or departure. If your system shows access at a certain stage, however, the marketplace by no means reaches it, then pass directly to the other opportunity. Another transaction will always be available. [HEADING=2]2. Discipline[/HEADING] Forex trading demands a certain level of discipline. You must follow a series of trade rules and maintain constant sight of the reward. Discipline also entails being able to respond when your system tells you to. This is especially true when it comes to stop-loss situations. [HEADING=2]3. Objective[/HEADING] Objective trading is also referred to as rule-based trading, which follows a set of rules to guide trading decisions. Traders should follow a set of rules for order type, time period, entry or exits, and also for markets. [/QUOTE]
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