Learn the traits of successful traders

• We studied 10’s of millions of real trades to find meaningful insights on trading
• Patterns are relatively clear: Money management, effective use of leverage, and strategy selection are all critical
• View full reports below for complete coverage

Our studies on 10’s of millions of real trades showed patterns which we believe highlight the Traits of Successful Traders – what have some traders done to set themselves apart from the rest?

Our key findings can be summarized in three key points and reports

• Money management is the single-most important factor in trading. Indeed, we highlight the Commons Mistakes Traders Make and how we might address it
• The effective use of leverage is a critical part of any strategy
• Strategy selection matters and especially as it regards knowing how and when to use specific trading techniques

Though by no means exhaustive, these reports can help give a trader a foundation with which to learn and avoid the most common mistakes committed by traders. Read the above and follow along with future Traits of Successful Traders series reports for more.

The Traits of Successful Traders

In conducting this study, the DailyFX Research team has been closely studying the trading trends of retail traders, utilising real trade data from a major FX broker. We’ve gone through an enormous number of statistics and anonymized trading records in order to answer one question: “What separates successful traders from unsuccessful traders?”.

We’ve been using this unique resource to distil some of the best practices that successful traders follow, such as the best time of day, appropriate use of leverage, the best currency pairs, and more.