The idea became the forex traders seem interesting. But unfortunately not everyone has a personality that is suitable for daily trading. Even those who succeed in other areas (even a related field), we often find they are not compatible with the daily trading. If you are a day trader in forex, you actually can make a flexible profession (that can be adapted to different styles), but there are some qualities that all day traders should have a special personality to be successful (profitable), and avoid "accidents" in trading process.patience
What you are tired of hearing these words, each learning forex is constantly reminded by these words. But you must remember, patience must be invested as you instill the term profit in mind. Failure to impress on your personality, you have entered the area "warning". The more you appreciate the patience and analyze intelligently, will lead you to the safety of your account. We know, daily trading in trading a lot more to do his job by sitting quietly in front of the computer, wait at any time (a few minutes, hours or even days), only to be followed the next trade. Able to wait patiently is a necessity, if not, you will find yourself in a trade could take that are not part of the trading system, and most likely you are losing money.
Waited patiently not necessarily mean without doing anything, lots of things you can do while you wait for the next trade. You can join the group-group on facebook forex trader, you join the live trading room, where you can interact with other traders, a lot of benefits that will be found, although there are several other traders who play the game, or interact with friends friends in facebook or watching a movie, so leave it alone ..., for me is simple,forex trader does not need to think and talk about all day forex.
assertiveness
Deciding when to get in and out of the trading is one of the most basic functions of a day trader, and it is important that the decision was made as efficient as possible. Be crucial for determining trade successfully, if not, you will just sit and watch your trades, especially you're floating ... stress! Being assertive does not mean you do something without control, and take the trades that you are not sure, but it means to act immediately when you find the right moment.
A trap for forex traders the most common is that they see a trade happening, but hesitated and then wait for the trades (waiting for confirmation that the trade will be a winning trade before they enter into it). It always generates an entry price that is not good because it would be "too late" and can transform into a profitable trade is detrimental to trade.
tranquility
Would you be calm in your trade? Tranquility for the trade is one of the most important personality trait for a day trader, but also one of the most difficult to put into practice. As a human, a natural reaction to a profit of trade is fun and joy But traders need to control these emotions daily. Instead they are being "negative" emotions will influence their trading decisions (particularly negative emotions). For example, the panic that occurred after the loss of trade that will probably make you take a new trade immediately in an effort to make the money back, even though it was not trading in accordance with your trading system.
Trade in Simulation
Trading in the simulation is a good way to practice patience, firmness, and your peace of over trading, without risking real money. After many hours, days, or weeks of simulation, you will have a good idea of how your personality and your emotions will affect your trading, but even then, there will still be an emotional response when you start live trading.
Ready to trade?
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