Khawar Fx Team
Discover our list of 20 habits of successful forex traders:
1. Be a constant learner
2. Be proactive
3. Develop a trading plan
4. Control your emotions
5. Develop a risk management strategy
6. Start with a demo trading account
7. Practice money management techniques
8. Cutting losses earlier rather than later
9. Scaling positions
10. Maintain your trading journal
11. Be disciplined (no overtrading or FOMO’ing)
12. Stick to your trading strategy
13. Balance life outside of trading
14. Be prepared (stay up to date with news, announcements, upcoming meetings, interest rate changes, economic calendar, etc)
15. Adapt to the market
16. Strong technical analysis approach
17. Understand trading psychology
18. Trade your edge and stick to it
19. Watch other markets
20. Utilise a trusted and regulated forex broker
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