Learn the traits of successful traders
Learn from the results of extensive research what successful traders do differently when trading financial markets.
- 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.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
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