Ramon Ramirez Posted July 24, 2012 Report Share Posted July 24, 2012 This single question seems to be at the heart of both success and failure as a trader. I'm curious as to what others use as their measuring rod for success. Is it accuracy, net ROI per trade, a positive MFE/MAE ratio, not getting stopped out, leaving a certain % of pips on the table in each position held, etc. etc., etc. How do you define it? When you look in the mirror in the morning and say to yourself: 'You know something, you are a successful trader," what does that mean exactly? Define: Successful Trader. Quote Link to comment Share on other sites More sharing options...
smurf43 Posted July 25, 2012 Report Share Posted July 25, 2012 I think, In2itionTrading-com could be the answer. It seems that In2ition achieves ..... - 5% average monthly return with - acceptable level of drawdown - using proper Money Management approach - with moderate to low risk and - good amount of knowledge and experience about Forex trends Quote Link to comment Share on other sites More sharing options...
Guest FloridaTrader Posted July 26, 2012 Report Share Posted July 26, 2012 Great post Smurf=D> Quote Link to comment Share on other sites More sharing options...
shabz Posted July 27, 2012 Report Share Posted July 27, 2012 (edited) A Successful trade is any trade that you have carried out strictly following your rules regardless of the outcome. Edited July 27, 2012 by shabz Quote Link to comment Share on other sites More sharing options...
vincentvega Posted August 4, 2012 Report Share Posted August 4, 2012 Great post Smurf Quote Link to comment Share on other sites More sharing options...
shabz Posted August 16, 2012 Report Share Posted August 16, 2012 It's better to have a losing trade whilst following your rules than losing money when you don't follow your rules. Take encouragement from the fact that you followed your rules with discipline. If you fail to plan, you plan to fail. Quote Link to comment Share on other sites More sharing options...
dannydon786 Posted August 17, 2012 Report Share Posted August 17, 2012 A successful trade is one in which you have made money...whether you followed a plan or not...forgot all other bullshit.... Quote Link to comment Share on other sites More sharing options...
juicyt Posted August 17, 2012 Report Share Posted August 17, 2012 agreed... cut out the **** and win Quote Link to comment Share on other sites More sharing options...
brownie Posted August 17, 2012 Report Share Posted August 17, 2012 It's better to have a losing trade whilst following your rules than losing money when you don't follow your rules. Take encouragement from the fact that you followed your rules with discipline. If you fail to plan, you plan to fail. yeah, absolutely, the key is the have a good and working strategy in the market. Quote Link to comment Share on other sites More sharing options...
Mets Posted August 17, 2012 Report Share Posted August 17, 2012 A successful trade is something that ONLY the individual trading can define. Obviously, any winning trade is successful in its own right. However, what it means to you personally is where it matters most. The biggest question any budding trader should answer is, "why am I trading in the first place?". Hopefully, the answer you come up with is not, "to make money". That definition is not refined enough and needs to be broken down into your true desires beyond just making money. You should look at your trading as a business and take every aspect of it seriously. By defining all the specifics, you are essentially coming up with a business plan. The reality is that most decisions about successful trading take place when you are NOT trading. Key decisions are made in your mind before you even take on a trade. Once you get a system down and live by the rules of that system, the majority of your battle is dealing with things on a personal level. Things such as your ability to handle when the market goes against you and your ability to not go against your own rules whether you are up or down. To me, this is what successful trades are made up of. Quote Link to comment Share on other sites More sharing options...
usok Posted September 21, 2012 Report Share Posted September 21, 2012 the chances of having a failing trade is BIG in forex, as long as its positive then you are all goood.. even if its a fraction of a 1% earning its still good, god knows howmany traders stay on the negative side :D Quote Link to comment Share on other sites More sharing options...
supertrader Posted October 29, 2012 Report Share Posted October 29, 2012 Successful trader is a trader that can control his emotion, can minimize the lost. always learning and practicing. Quote Link to comment Share on other sites More sharing options...
kurtS Posted October 29, 2012 Report Share Posted October 29, 2012 It is like in poker. You need strong and good fundamental knowledge. Without that you will control your emotions harder. Quote Link to comment Share on other sites More sharing options...
pas Posted October 29, 2012 Report Share Posted October 29, 2012 A successful trader is one who can control his emotions, could be disciplined with his trading system. That way I'm sure he will profit consistently. The system can not guarantee good luck in forex. Quote Link to comment Share on other sites More sharing options...
kurtS Posted October 30, 2012 Report Share Posted October 30, 2012 Yes, I agree... self discipline is the fundamental thing... Quote Link to comment Share on other sites More sharing options...
yasefsami3 Posted November 2, 2012 Report Share Posted November 2, 2012 It's better to have a losing trade whilst following your rules than losing money when you don't follow your rules. Take encouragement from the fact that you followed your rules with discipline. If you fail to plan, you plan to fail, Quote Link to comment Share on other sites More sharing options...
jimmyFX Posted November 29, 2012 Report Share Posted November 29, 2012 For Me a succsesfull trader is a trader that can make consistent profit over the months and over the years and can rely his living on trading or trade for living. JoeWilson 1 Quote Link to comment Share on other sites More sharing options...
Wrongforex Posted November 29, 2012 Report Share Posted November 29, 2012 Hey everybody! I have read nearly all the comments in this thread, and i found them pretty useful. Thanks for sharing. Quote Link to comment Share on other sites More sharing options...
zamanfx Posted December 7, 2012 Report Share Posted December 7, 2012 This single question seems to be at the heart of both success and failure as a trader. I'm curious as to what others use as their measuring rod for success. Is it accuracy, net ROI per trade, a positive MFE/MAE ratio, not getting stopped out, leaving a certain % of pips on the table in each position held, etc. etc., etc. How do you define it? When you look in the mirror in the morning and say to yourself: 'You know something, you are a successful trader," what does that mean exactly? Define: Successful Trader. My definition of success is this: Success is the progressive realisation of a worthy ideal. Only you can decide what is your worthy ideal/goal in the area you are pursuing, be it in trading, fitness, studies, relationship etc. Like you said, if you can honestly look at yourself in the mirror and say "I am a successful _______", then you are successful. Anyway, whether you are successful or not, either way you are right. Quote Link to comment Share on other sites More sharing options...
mdenamul Posted December 16, 2012 Report Share Posted December 16, 2012 I guess a successful trader is a combination of successful trades and money earned with a touch of balance between your social life and trading life. Quote Link to comment Share on other sites More sharing options...
Princess Keisha Posted December 16, 2012 Report Share Posted December 16, 2012 A successful trader is a trader who has always risen in the face of problems and he wanted to make the issue as a lesson .. And a successful trader will not repeat mistake again .. Quote Link to comment Share on other sites More sharing options...
mdenamul Posted December 17, 2012 Report Share Posted December 17, 2012 I guess a successful trader is a combination of successful trades and money earned with a touch of balance between your social life and trading life. According to me you should be sure to participating in a trade show that compliments your business, there is must need to promote yourself first, you have to be ready every time for deal or trade in business. Quote Link to comment Share on other sites More sharing options...
vic84 Posted July 26, 2014 Report Share Posted July 26, 2014 a successful trade is when you make profit, and even if you loose and learn something from your mistake, thats a successful trade too. Quote Link to comment Share on other sites More sharing options...
Gad Posted August 18, 2014 Report Share Posted August 18, 2014 (edited) Successful traders are those who reap the benefits with a consistent What? Edited September 1, 2014 by FloridaTrader Quote Link to comment Share on other sites More sharing options...
alventa Posted August 27, 2014 Report Share Posted August 27, 2014 I seem which traders can earn consistently by their trading they are the successful Forex trader. The ratio of successful Forex trader are very small. Because for being a successful Forex trader need huge trading experience and also need huge Forex knowledge. This is a successful forex trader, who can continuous managed their capitals. And sure, they need learning the forex knowledge. :) Quote Link to comment Share on other sites More sharing options...
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