You’ve all heard of the saying “Just go with what your gut says.” Or “Don’t overthink the situation.” There’s been numerous times in history where overthinking a decision ends up leading to a poor result or missed opportunity.
On a recent trip to Malaysia, I had the chance to meet several clients and was asked one question over and over- “How do you separate your emotions from trading?” One of the first rules anyone learns in trading is to stay disciplined and stick to your strategy. Regardless of how long you’ve been trading, this is age old saying.
Over the years, we’ve had the chance to meet thousands of traders from around the world- many of whom are full time traders who make a career in FX trading. While these traders are all passionate about Forex and can talk for hours about their latest automated strategies, new technical indicators or charting patterns they’ve developed, there’s one topic that almost never comes up- health and fitness.
As a broker, we have the unique perspective to be able to communicate and see clients from all different experience levels. Throughout the years, we have had the chance to see many successful traders who have been consistently profitable over a long period of time. Here are most common traits we have seen amongst successful traders: