What Makes A Good Trader

What Makes A Good Forex Trader? by Tyler Ziggler

I'm going to share with you what makes a good forex trader, so you can copy their characteristics and enjoy their success. All self-help literature says if you want to be successful in your field, it's to find the most successful person in that field and copy their behaviors. That's what I'm going to help you do. I'll show you exactly how a good trader behaves, so you can copy there behavior.
I think learning how to properly cut your losses will make you a much more successful forex trader. You're going to have bad trades and there really isn't anything you can do to ever prevent them. They're just part of a live, like any business. The skill you want to develop is to reduce the amount of loss they create. This is why cutting your losses is so important.
You're going to have to recognize that there are leagues in this market and you need to play in your own. As a new person, you'd start down at the bottom. You would make small trades for small profits. Don't try to be a millionaire your first week because this takes a lot of time. Make small goals for yourself. Try to make $10/day, than $25/day, etc. This way you're always in the proper league.
Routine is key to success with anything. If a task makes you money, do it over and over again, and you should make more money. That's the power of routine. Find what works, and do it everyday.