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Are You a Good Forex

Trader?

These days everyone interested in Trading the Forex Market wants to be a good trader. To determine if you will be a good trader, ask yourself the following questions... a Person who has a good chance at being a successful trader has the following attributes. • Is properly capitalized - enough money to trade and survive.(Suffer a few losses) • Treats trading as a business. • Has a low tolerance for risk. • Trades only when the market provides an opportunity. • Can control your emotions. • Has a trading plan in place. • Has a risk management plan. • Is incredibly disciplined. • Is focused. • Has back tested his trading methodology. a Person who has a good chance at failure has any of the the following attributes. • Is under-capitalized. • Lacks self discipline. • Over trades. • Does not understand the markets. • Rushes into trades. • Try to chase the market. • Is afraid of missing a move. • Is stubborn and marries a position or idea. • Misinterprets the market news.(Fundamentals) • Always looking for fast profits. • Lets losing trades get too big. • Takes winning trades prematurely. • Takes trading too lightly. • Takes large risks. • Has little control of his emotions.