LewisGlasgow

Keys To Becoming A Successful Trader

FX:USDOLLAR   Dow Jones FXCM Dollar Index
I'm splitting up the charts here on TradingView to bring some value to all of the new and existing traders. What do you think are the keys to becoming a successful trader?

In my opinion trading can be broken down into three distinct core principles:
1. Mindset
2. Knowledge
3. Experience

Everyone please feel free to leave your opinion below in the comments.
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Have a plan, Know your targets, wait for the trade to come to you. Ive learned this the hard way through breaking rules and impulse trading. The hardest thing I found was to try and break the mind set of 'I must always be in a trade' Getting there slowly but surely
+1 Reply
Thanks for the share, I also learned this the hard way as I was too eager to enter trades. Like you said yourself impulse trading and this may turn into revenge trading if you're not careful. Totally agree with you!
Reply
yes u r right, but patient also important.
+1 Reply
LewisGlasgow ShahidKhan
One of the most important I would say, especially for long term traders
Reply
LewisGlasgow ShahidKhan
One of the most important I would say, especially for long term traders
Reply
In order to reach a successful point: discipline and experience. In order to sustain that position, mindset and psychology.
Reply
LewisGlasgow olly_price
Very well put, thanks for the share!
+1 Reply
Knowledge, patience and discipline
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LewisGlasgow captain_smollett
Couldn't have said it better myself, patience is one most forget about when placing trades
+2 Reply
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