The #1 Trait of a Successful Trader?

What makes a Trader Successful?

Is it getting the perfect technical setup? Is it trading the right timeframes? The best currency pair?

Everyone seems to have an opinion on the best way to trade, but there's one thing that I've noticed that is present in every successful trader I've met. As cliche as it sounds, having a winning mindset is commonplace in every successful trader I know.

Winning traders are open minded. They're usually very friendly and approachable, and they have an apparent readiness to learn. Possibly the most noticeable trait of a successful trader is that they are willing to admit when they're wrong, and they are extremely comfortable in their own skin.

Every trader's journey is unique, but successful trading doesn't start on the charts in my opinion. It starts with mastering your self, and the internal conflicts we all face. This involves working out our insecurities and starting to deeply understand our own strengths and weaknesses. A successful trading journey is built upon a successful mindset journey.

On the contrary, the unsuccessful traders are attracted to the easy answers, are not willing to put in the effort required, and have a hard time admitting fault.

In my own journey I always thought that my battle was with the market. Countless of hours and lessons learned later, I realize all along that the real battle was with myself.

Looking for a Broker?

Check out our favorite brokers & reviews! Find brokers available in your country, or our top rated brokers to consider.
Find a Broker
More Articles
February 21, 2021
Weekly Forex Forecast for GBPUSD, GBPCAD, EURJPY, XAUUSD (22-26 February 2021)

Weekly Forex Forecast for GBPUSD, GBPCAD, EURJPY, XAUUSD (22-26 February 2021) Hey everyone! Welcome to this week's forex forecast for the week ending January 29th, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at GBPUSD, GBPCAD, EURJPY & XAUUSD. Psst! It is my birthday tomorrow on the 22nd, so I have […]

Read More
February 17, 2021
Should You Do The FTMO Challenge?

Should You Do The FTMO Challenge? There are many traders out there that believe they have what it takes and the skill to be a successful trader, except for the fact that they do not have enough capital to trade big time. There are companies out there that offer to fund traders and take percentages […]

Read More
February 14, 2021
Weekly Forex Forecast for USDJPY, GBPNZD, EURJPY, XAUUSD (15-19 February 2021)

Weekly Forex Forecast for USDJPY, GBPNZD, EURJPY, XAUUSD (15-19 February 2021) Hey everyone! Welcome to this week's forex forecast for the week ending January 29th, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at USDJPY, GBPNZD, EURJPY & XAUUSD. USDJPY Price has recently broken out of this long-term descending channel and […]

Read More

Related Articles

August 28, 2020
Economic stimulus and the Role of Central Banks

Politics preventing new financial stimulus The economic recovery in the major global economic powers depends on several important factors. One of the most vital part, the spread of the virus and the government's answers to it. With a decrease in daily cases of COVID-19 to 50,000 in the U.S.A. Yet U.S. A remains the most […]

Read More
August 26, 2020
How to Spot a Scammer

Our team has unfortunately received many reports of scammers using our content and pretending to be us. While we will continue to report these accounts to the authorities as we receive reports, we may not always catch them in time. Below our a list of things to look out for before making a purchase to any […]

Read More
August 22, 2020
Legends of Investing - The Story of Warren Buffet

Warren Buffett is one of the most idolised, investors in the world. At the time of writing , his company, Berkshire Hathaway, has a market cap of $495 billion and Buffett himself has a net worth of $79 billion. His approach to value investing, combined with his influence over the companies he invests in , […]

Read More

A1 Trading Company

A1 Trading Company is a financial services and media business founded in Atlanta, USA.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram