HOW DO I BECOME A MORE SUCCESSFUL RETAIL FOREX TRADER?



If you are a new trader or a very experienced trader, there is one thing you are always asking yourself..

 

“how do i become a more successful retail forex trader?“

 

One way you can make sure you will always be making positive profits in the fx market is to look at other traders and see how their strategy works. Remember forex trading is a science, so there is always more knowledge to learn and discover.

 

Today we have sat down and studied some of the greatest forex traders of all time. Like george soros and stanley druckenmiller to find the traits that makes a successful trader. What we have discovered is that the most successful traders have some traits in common that you can bring to your strategy.

COMMON TRAITS OF A SUCCESSFUL RETAIL FOREX TRADER

COURAGE

Make up your own mind. Don’t allow anyone else to influence your trades. In the end it’s your money and not theirs.

RISK CONTROL

You need courage but you also need to know when to chill. You need to be emotionless on your forex trades and only follow logical decisions. This is the only way to stop a train of losses and make profitable trades consistently.

AUTOMATED TRADING SOFTWARE

The best retail forex traders are active in multiple platforms and brokers every day. This is only possible when you have a silent partner always giving you the correct information and making you the most money. This silent partner is called assar elite pro forex scalper v10™ (and you can find out more about it here).

DISCIPLINE

You need to stick to your determined strategy and not deviate from it. By constantly changing your mind and strategy along with it, you lose out on potential earnings. At the same time completely forgetting why you took the trade in the first place.

JUDGEMENT

You need to always be astute and be able to perceive the market to be able to see the current and future trends of fx trading. If you do not know how to read the charts or properly follow fundamental economic data, then you will not know what the market is telling you.

These five traits are the common characteristics we find with the most successful traders and have lead to consistently providing large profits.