We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (JUN) due at 05:00 GMT (15min) Previous: 36.5 https://www.dailyfx.com/economic-calendar#2020-07-08
  • Heads Up:🇯🇵 Eco Watchers Survey Current (JUN) due at 05:00 GMT (15min) Previous: 15.5 https://www.dailyfx.com/economic-calendar#2020-07-08
  • #DowJones may fall on positioning signals next Will #AUD and #CAD follow? $AUDUSD $USDCAD https://www.dailyfx.com/forex/technical/article/special_report/2020/07/08/Dow-Jones-Australian-Dollar-Canadian-Dollar-Outlook-Positioning-Bets.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/GvOowyBeeO
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.23%, while traders in NZD/USD are at opposite extremes with 73.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/uxDSQcAM1s
  • RT @DanielGMoss: A broad risk-off tone has been seen throughout #APAC trade as the re-imposition of lockdown restrictions in #Melbourne sou…
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.13% 🇪🇺EUR: 0.04% 🇨🇦CAD: 0.01% 🇳🇿NZD: -0.05% 🇯🇵JPY: -0.07% 🇦🇺AUD: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/yVj5r2ggv9
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.09% Wall Street: 0.08% Germany 30: -0.43% France 40: -0.54% FTSE 100: -0.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/qnnkxnrU41
  • Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model. Get your market update from @ZabelinDimitri and @ddubrovskyFX : https://t.co/rNJkPpVCdk https://t.co/NgXSxiuDM9
  • RT @margaretyjy: Listen to my radio interview with Bloomberg this morning as well. Speaking about HKD peg, US earnings, Emerging market opp…
  • Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN. Get your $USDMXN market update from @ZabelinDimitri and @FxWestwater here:https://t.co/oCRV13zbF0 https://t.co/w2vtUFUoFs
What are the Traits of Successful Traders?

What are the Traits of Successful Traders?

2015-07-06 21:05:00
David Rodriguez, Head of Product
Share:

- We studied 10’s of millions real trades to find meaningful insights on trading

- Patterns are relatively clear: Money management, effective use of leverage, and strategy selection 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

  1. Money management is the single-most important factor in trading. Indeed, we highlight the Number One Mistake Forex Traders Make and how we might address it
  2. The effective use of leverage is a critical part of any strategy – Here we Study Best Practices on the Effective Use of Leverage
  3. Strategy selection matters and especially as it regards knowing how and when to use specific trading techniques – Do the Hours that I Trade Matter?

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

Over the past several months, The DailyFX Research team has been closely studying the trading trends retail traders, utilizing real trade data from a major FX broker. We have 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 have been using this unique resource to distill 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.

Analysis prepared and written by David Rodriguez, Senior Strategist for DailyFX.com

Sign up to David’s e-mail distribution list to receive future e-mail updates on the Traits of Successful Traders series and other reports

Contact and follow David via Twitter: http://twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.