What are the differences between a successful and unsuccessful trader?

[Potuse]

The major difference between a successful and unsuccessful trader is that a successful win more of the trade than they lose. The trading success depends on the ability to control losses very quickly and that is the attributes of a successful trader.

 

[Immilash1]

If I'm to State the difference trust me I'm going to take hours to do that, we have a lot of difference, a successful traders don't bother about taking losing trade, all he cares about is managing his expectations unlike an unsuccessful trader, when he or she takes a losing trade you'll want to get back what's taking from you immediately, an that's will make you to take chain an series of losing trade's, trying to avoid that single transaction will make you to lose more.

 

[Abasiama40]

Successful traders manage risk effectly, they are not afraid to lose money on a trade, and these allows them not to be attached to the results on an emotional level. Unsuccessful traders usually trading with money management rules but they often abandon these rules after a series and losses and profits.

 

[Danny4cash]

The difference between successful trader and unsuccessful trader is the result. Once you're being able to make profit from trading, you can regarded yourself as a successful trader. But if you're not making any profit, then you can't be regarded as successful trader.

 

[Planbizzle]

The major difference between a successful and unsuccessful trader is that a successful win more of the trade than they lose. The trading success depends on the ability to control losses very quickly and that is the attributes of a successful trader.

Successful traders typically approach their job as a business and concentrate on long-term objectives and strategies as opposed to just earning money on single trades. Unsuccessful traders, on the other hand, may not have an organized approach or method and may place too much emphasis on making money fast.

 

[Immilash1]

The truth is not all people earn money online on those markets, you have to know what you are doing before you can actually earn money from it, this very important.

 

[Potuse]

Successful traders manage risk effectly, they are not afraid to lose money on a trade, and these allows them not to be attached to the results on an emotional level. Unsuccessful traders usually trading with money management rules but they often abandon these rules after a series and losses and profits.

One of the clear difference between a successful trader and unsuccessful trader is the ability to manage risk because the successful traders were able to manage risk properly and that is why they were successful.

 

[eLdavis]

The main difference between a successful trader and that of one that is not successful is their results. One usually has more success rates than the other, and tends to risk less than the other as well.

 

[Immilash1]

The difference between a successful forex trader an trader who is not successful is very clear, the amount of money they earn will be different, this one of the difference.