Learn the traits of successful traders
Learn from the results of extensive research what successful traders do differently when trading financial markets.
Reading time: 2 minutes
Trading level: Beginner
- 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.
This information has been prepared by IG, a trading name of IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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