In our recent articles on the qualities which make top Forex traders so successful, we discussed the importance of having sound method, money management rules and the courage to increase position size when the conditions are right – all of which is developed through a credible Forex trading course and your own committment. In this article we will consider a fundamental attribute which great Forex traders share; bearing in mind this quality is one seldom mentioned in conventional books about trading, hence leading new Forex traders down the path of consistent losses in their trading.

Take a minute to think about the reason you got into Forex trading training. Did you attend a weekend Forex seminar which focused on pure technical analysis? How to use one indicator or another to achieve a million pips a day? Did you meet a self proclaimed guru who told you that with his Forex training you can earn thousands upon thousands of dollars every day? Ok slight exaggeration, but the truth of the matter is that most new Forex traders have the wrong perception of trading before they actually start trading. Sadly enough, many traders after years in the industry still hold on to the same misconception which would explain their ability to make some money but then give it all back in the market, making them breakeven traders and not profitable traders.

Another quality which is shared among great Forex traders and goes against the misconceptions of many new traders is that great traders have developed the ability to stay calm, even in the face of adversity when their position is going against them or during a long losing streak. Fresh from a Forex trading course, not very many novice traders will relate a state of calmness with successful trading. Instead, their idea of consistently profitable trading brings more excitement rather than calmness. Knowing this might explain why new Forex traders are more likely to attempt day trading; perhaps on very small timeframes rather than using longer term timeframes such as the daily or 4 hourly to get a better picture of the Forex market. Successful Forex traders have therefore mastered the ability to stay calm and not chase the market because of confidence they have in their systems as well as the other qualities we looked at in previous articles. Remember that these qualities could have been adopted from the same or similar Forex trading course that you are looking into. Even if not, this is why you must research and find the course with the correct format for your own Forex trading training. Where most new Forex traders go wrong is not having a profitable tested strategy to trust in the first place therefore once price goes against them the last thing they experience is a state of calmness. Also, once on a losing streak, they immediately ditch their system (if they ever had one) and begin looking for the next best system, or \’holy grail\’. If the Forex trading course you attended is credible you should not find yourself in this situation.

The state of calmness is one experienced by top Forex traders and is a skill which can be developed by any trader willing to learn it. However it can only be learnt by incorporating a number of other things such as having a sound strategy in place. See our final instalment (Part 5) on the traits we believe separate winners from losers.

Dragan Lukic is a trader and an expert on Forex Trading Training. Please visit the Forex Training Worldwide website for more details on our Forex Trading Course.

Dragan Lukic is a trader and an expert on http://www.forextrainingworldwide.com Forex Trading Training. Please visit the Forex Training Worldwide website for more details on our http://www.forextrainingworldwide.com Forex Trading Course.

Author Bio: Dragan Lukic is a trader and an expert on Forex Trading Training. Please visit the Forex Training Worldwide website for more details on our Forex Trading Course.

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Keywords: forex trading training,forex trading course,characteristics of great forex traders