The first thing that all beginner traders found out is that 95% of Forex traders fail. In spite of that, every newbie wants to be included in 5% of winners and come near George Soros, Stanley Druckenmiller or Bill Lipschutz. Some people think that these traders were extremely lucky and perhaps, they are right. But on the other hand, maybe they had some exceptional skills and attitudes? What really helps to make money on Forex, apart from a good trading strategy, the right Forex broker and a good luck?
Let’s figure out what you should know about successful forex traders in order to become one of them.
5 Secrets of A Successful Forex Trader
The most amazing thing about successful forex traders is that they never “lose”
Obviously, there are no Forex traders without losses, but newbies and experienced traders lose in different ways. Most of Forex newbies think that a loss is definitely a bad thing and waste their energy avoiding losses. Moreover, they generally become so upset that cannot analyze their mistakes and learn something new from losses.