be the Forex trading industry for more than a decade, I realized that, in general, traders can be classified into three main categories, namely a risk taker, systems trader beginner trader.
risk taker
These traders believe in 'high risk, high return, low risk, low return' principle, and are therefore convinced that to achieve good returns, a lot of risk must be taken. For most of them, taking much risk would mean going in and out on the market with high frequency, and a large number of trading lots. They believe that the more risk you are, the more successful it will be. These traders are almost certainly doomed to fail in the end, despite making great returns from time to time. The market is somehow a way to punish high-risk subjects who do not compute, control and risk management of each store are entered in.
systems trader
These traders believe that the next set of rules, they can not succeed very well in the store. As such, they are constantly shopping for automated trading systems that allow them to be completely free hand in trading. Many of these traders are very intelligent people who might even be able to program their automated systems, but they are often paralyzed by their own analysis. They very much believe in the existence of a 'holy grail' of strategies that can be programmed to successfully trade without much effort on the route itself. Such expectations are unrealistic in the dynamic world of trading.
beginner trader
Most of the students in my training program fit into this category. They are often completely clueless and uninformed about what Forex trading, but tend to be more successful after programa.Razlog to believe this, because they do not know enough to complicate the strategy being taught, and they tend to be more risk averse and therefore less likely to violate the rules of the trading strategies and stringent control of their own risk.
Ask yourself what kind of trader you are. Each of us has certain pre-disposition, ie, a certain pattern in your personality that determines our behavior and risk profiles. After seeing a lot of traders who do not achieve their desired success, I realize most of them tend to belong to the first two categories, namely those who pay or not because of the risks in the market, or those who are too unrealistic to think that the market behaves like clockwork.
Of course, many beginners will someday fall into one of two categories, unless they are properly trained and managed. Whether you're a beginner or have some experience in trading the Forex market, I suggest you get rid of limiting the impact of the first two trading styles shown above.
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