![]() ![]() So as you’re reading today’s post, remember that it isn’t just about the money. If you don’t absolutely love what you’re doing every day, can any amount of money make you content? So the question is if you don’t have a passion for trading, can you really be successful? I can offer help in drawing key levels, determining trend strength and price action signals. It’s also about the joy and passion it adds to your life. However, success in any endeavor is about more than just money. I think we can all agree that most traders use profits to benchmark the success of another. Successful Forex Traders Know When to Walk Awayīefore we get into the nine attributes, I want to clarify how we will define success in this article.Īny story about a successful Forex trader must include consistent profits. Successful Forex Traders Don’t Try Too Hard So Who Are the World’s Best Forex Trader?.What follows is a combination of lessons I’ve learned since I began trading in 2002. ![]() In this post, I’m going to share with you nine of the top qualities that the best Forex traders in the world possess. They aren’t concerned with needing a high win rate or trying to trade every day regardless of market conditions. Successful Forex traders think differently from the rest. While those may be factors, there are other less obvious differences. We’ve all heard the typical reasons such as experience, discipline, and strategy. Regardless of the actual number, having interacted with thousands of traders over the years, I can tell you that those figures aren’t far off. Some publications quote failure rates as high as 95%. What is it about successful Forex traders that sets them apart from the rest?Ī well-known figure in the Forex world is that 90% of Forex retail traders do not succeed. ![]()
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