Quick opinion

[droesparky]

To me its Success. The rest of us are WANNABES

the trader that day after day trades there plan, (you do have a plan dont you) is a trader in my book.
Even if there are losses that trader dosnt up and run to the next method but stick to what they have backtested and used.
One of the worse things about forex is forums, its also a great thing. but to many find hundereds of strats and never settle on one they bounce from here to there.
Many methods where only inventer so someone could have there name in lights anyway.

JMHO

[genghisclown]

Originally Posted by pipgod

Experience!

Yep. My quote for this week is about that. Comes from a refrigerator magnet, of all places.

"Good judgment comes from experience. And a lot of that comes from bad judgment."



Guess that's why I'm still demo trading. lol

[happypip]

Originally Posted by genghisclown

Yep. My quote for this week is about that. Comes from a refrigerator magnet, of all places.

"Good judgment comes from experience. And a lot of that comes from bad judgment."



Guess that's why I'm still demo trading. lol

One of the best quotes I've seen in a long time

[topgun]

Enough starting capital to handle the drawdowns!

[babytrader]

I would say determination.

Detemine to save money in what ever way you could to build up your capital. ( I am still trying to save enough money to open a mini account )

Determine to find other source of education to increase my knowledge.
( which I feel lucky to have found babypips.com !! )

Determine to stay up at night to watch the market till 3 a.m. ( even I am just using demo account )

Never Quit !!!

Regards,
BabyTrader

[toptick07]

Experience.

I have traded many varied instruments over the years, but I am new to the FX format. (I'm still not completely sure it's all legit.) There are similarities in all markets, but experience teaches you how to profit from them. I have witnessed many new traders that begin well, but are distracted by success and do not continue to learn. I have seen new traders fail miserably and quit, having learned nothing about the markets or themselves.

Some observations:
An experienced trader has the guts to follow his system because he has back tested it and proven it in real time.
An experienced trader is emotionless in execution because he is confident in his trading plan and trade management skill.
An experienced trader has proven his determination by educating himself about the market he trades and the system he employs.
An experienced trader has patience to wait for a signal and allow the trade to develop.
An experienced trader has the patience and determination to endure during the inevitable drawdowns.
An experienced trader remains humble when he trades successfully and profitably.

If you are new to FX, learn from other experienced FX traders on this site. If you are new to trading, you can learn as much about yourself as you can about the markets by applying yourself to the study of trading.

Shadow, Thanks for posting and helping me think about this in a different way.