Qualities of a Successful Trader

 

Trading in Stock market or a forex
market is an Art. No one can do it as just like that. It needs more propaganda
to be a success full trader. Being a trader is not an issue but being a successful
trader is very big task, off course it’s quite easy when you are aware of all
the things which goes around the Stock market and forex market. Those who are
buying and selling the shares or securities in stock and forex market are
traders where as the successful traders will also do the same but they do in a disciplined
manner. In trading one must have discipline and no Emotions also including
Knowledge on technical analysis.

Some
traders will be concentrates only on News or Fundamental or Technical analysis.
But a successful traders will be look in to all aspects.   

These are
the Qualities of Successful traders:

1.   Make your own rules for trading
based on your mind set and lifestyle and financial position.

2.      Strictly not to break your Rules.

3.      Always use Stop loss

4.      One have know when to exit from the
market.

5.   Trade size should be determined on
the basis of trading account equity and stop loss price for every day

6.      Never trade more than ten percent (10%)
on any given sector

7.      Never exceed a loss of 2% to 5% on
any Trade.

8.   Always trade with capital that which
you can afford to lose. That mean it does not matter if your capital become
Zero

9.    Never Trade with Borrowed Money
because if you lose you have to repay it with your future earnings.

10.  Don’t over Trade based on time frame
you have chosen to trade.

11.  Up to Date with the News related to
relevant stocks which are in his watch list

12.  Have to research in to the affairs
of the company matters of last two to three years.