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 How To Become A Successful Trader?

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Male Posts : 669
Birthday : 1990-05-18
Join date : 2014-08-16
Age : 28
Job/hobbies : forex

PostSubject: How To Become A Successful Trader?   Fri Aug 29, 2014 8:01 am

How To Become A Successful Trader?

In order to become successful in trading, you need education/knowledge, discipline and money management skills. According to the interview by Jack Schwager, in his book Market Wizards, he summarizes the 9 common denominators shared by the successful traders that he interviewed. They are:

  • The desired to be successful
  • The confidence they would win in the long run
  • Discipline to follow a given methodology
  • Taking trading seriously
  • Rigid risk control
  • Patience to wait for opportunities
  • Acting independence of the crowd
  • Accepting losing is part of the game
  • Loving what they are doing

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