The world’s top traders may all have different methods for making money but they all tend to share the same personality traits that make them great traders. To be a successful trader you must approach the markets with the right attitude. Here, I have isolated ten key traits that the world’s top traders have if you are going to achieve longer-term success.
You Are responsible
You are in charge of your own destiny and responsible for your own actions. No one else can be blamed. In today’s society this seems to be an alien trait to many people. There is always someone to blame. The fact is, if you want to trade successfully, you need to take actions and understand that you, alone, are responsible - one one else.
Education
Many traders take tips from friend’s brokers and newspapers without knowing how and why the markets really work; they are of course doomed to fail. You would not try and drive a car without having lessons and the same applies to trading. You need to study and learn about trading before you start to trade. This may sound obvious but the bulk of traders don’t bother to learn the basics.
Develop Your Own Method
The method you develop should be one that is compatible with your personality and what you have learned. The approach you adopt must be comfortable for you. Randy Mackay, one of the worlds top traders asserted: “Virtually every successful trader I know ultimately ended up with a trading style suited to their personality.”
Custom Search
