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    Characteristics of Unsuccessful Traders

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    The currency market is the only true 24-hour market in the world. With the largest daily trading volume and three major trading centers, there is plenty of liquidity and news flow around the clock. Day traders rely on intraday volatility to produce quick and large market movements. Volatility equals big profits or big losses.

    Personal Characteristics Needed To Succeed in Forex Day Trading

    In order to have a fighting chance of becoming a successful day trader, you should possess the following characteristics:

    • Patience

    • Discipline

    • Independent-minded

    • Realistic about losses

    Characteristics of Unsuccessful Traders

    It has been estimated that 90 percent of the individuals who attempt to day trade

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    liquidity and news flow around the clock. Day traders rely on intraday volatility to produce quick and large market movements. Volatility equals big profits or big losses.

    Personal Characteristics Needed To Succeed in Forex Day Trading

    In order to have a fighting chance of becoming a successful day trader, you should possess the following characteristics:

    • Patience

    • Discipline

    • Independent-minded

    • Realistic about losses

    Characteristics of Unsuccessful Traders

    It has been estimated that 90 percent of the individuals who attempt to day trad

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    its or big losses.

    Personal Characteristics Needed To Succeed in Forex Day Trading

    In order to have a fighting chance of becoming a successful day trader, you should possess the following characteristics:

    • Patience

    • Discipline

    • Independent-minded

    • Realistic about losses

    Characteristics of Unsuccessful Traders

    It has been estimated that 90 percent of the individuals who attempt to day trad

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    essful day trader, you should possess the following characteristics:

    • Patience

    • Discipline

    • Independent-minded

    • Realistic about losses

    Characteristics of Unsuccessful Traders

    It has been estimated that 90 percent of the individuals who attempt to day trad

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    Characteristics of Unsuccessful Traders

    It has been estimated that 90 percent of the individuals who attempt to day trade the market will fail. Therefore, if you want to have any chance at success, put all of your effort into doing the right things.

    • Having insufficient capital in the account

    • Betting too much on each position

    • Not cutting losses quickly and not using stop-loss orders

    • Not understanding the importance of money management and risk

    • Having no predetermined trading strategy

    • Using money needed for living expenses and future commitments (college education, retirement) with which to trade

    • Operating in a fear-and-greed mode

    • Not getting an education prior to tradin

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