A successful trader in forex or the capital market in general is characterized by several important features:
Knowledge and understanding: in-depth understanding of the market, including technical and fundamental analysis.
Discipline: Ability to follow a strict trading plan and not be tempted by emotional decisions.
Risk management ability: knowing how to set limits for losses and maintain trading capital.
Flexibility: ability to adapt strategies to market changes and changing economic conditions.
Patience: not every transaction yields an immediate profit, so patience is a key to success.
Ability to learn: openness to learn from mistakes and successes to improve performance in the future.
Market sense: understand market trends and events and react accordingly.
Determination: motivation to keep trying, even when faced with challenges.
These features can help a trader achieve success over time.
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