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5 Qualities Of A Top Trader

Discussion in 'Forex Articles' started by neophile, Mar 17, 2011.

  1. neophile

    neophile Recruit

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    5 QUALITIES OF A TOP TRADER​

    Talking about qualities of top traders means talking about some of the characteristics that you will find in successful traders. During my research I found out about some five strong qualities that affects a traders performance in the market.

    1. ACCEPTING TRADING RESULTS AS THEIR OWN PRODUCE
    Top traders believes that they are responsible for any of their trading result. They will never shift blames on any form of external source or any other thing. This is the mistake most traders do they often play the blame game, blaming one indicator or the other for their flaws in the markets. This is what you will not find in top traders, they accept responsibility for the results they come out with in the markets.

    2. THE INTERSET AND DESIRE TO REALLY UNDERSTAND THEMSELVES

    No one can really understand how he/she creates results if the person does not first understand himself/herself intimately. This is also true in the trading world. The desire to truly know yourself will greatly improve your results in the markets.
    Great traders continually study and challenge themselves, their thinking, their actions and their reactions.

    3. DISCIPLINE TO CONTINUALLY WORK TO IMPROVE THEMSELVES
    Discipline creates excellence. Top traders continually work to improve themselves. The study and research never stop. The market is dynamic so it needs to be followed day in day out with a lot of study and research. A top trader or potential top traders always work to develop a discipline that makes them improve themselves.

    4. THE ABILITY TO STRATEGIZE WELL
    Top traders execute their strategies based on robust business plans that they have created to guide their trading. They have taken the time and effort to form meaningful objectives. They have also developed effective strategies to reach those objectives by understanding the multiple scenarios that are possible and how they will respond.

    5. THE ABILITY TO GET IN THE ZONE
    Top traders can become one with the market and accurately sense what it is doing. They have the ability to live in the present moment without being influenced by the past or the future. It's a very intuitive state and often gives them a total sense of how successful their moves will be in the market even before they make them.

    Now, take a look at yourself and consider honestly if you have what it takes to be a top trader.
    Have a splendid time trading.
    neotrendfx@yahoo.com
     
  2. jpadventure

    jpadventure Private

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    Do one thing...

    Test your method to see if it's profitable and if so, trade it.

    Doing so, incorporates all the qualities of consistently profitable traders,
    discipline to only follow the method, control of emotions to allow price to move, position sizing to increase equity steadily and stay in the game long term.

    ect.
     

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