The things that make you a good trader

If you see a good trader you will know and also a trader who only knows how to make a mouth in the market you will know. There is a separation between good traders and bad traders when it comes to trading the financial markets. In this post, we will be looking at the criteria that make you a good trader.

Remember in our previous post we discussed Why you need to stay patient and disciplined in the crypto market and Why You Should Focus on The Process First And Not the Profits As a Trader.. The words patience, and focused are what make differentiate a good trader from bad trader. Come on bro you need to be patient and focus on the process of you want to achieve your goal.

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A good trader is someone who believes in patience, discipline, focusing on what he or she is doing or has planned to achieve and someone who has developed a trading strategy for him or herself.

A good trader always focuses (concentrates) on the process of trading before even looking at the profits aspects of trading. By concentrating on the process, a good trader will want to know where he or she has gone wrong to avoid repeating the same mistake over and over.

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The key quality of a good trader

• A GOOD TRADER DOESN'T CHARGE YOU OR COLLECT HUGE AMOUNTS OF MONEY TO TEACH YOU.

Most people get it wrong and when you meet a trader who isn't good at trading the finances for help such a type of person will want to use your money and cover his or her losses, but a good trader will prefer to teach you, for a penalty because he also she knows that the more he teaches you is the more he or she is being exposed to new ideas.

• A GOOD TRADER IS SOMEONE WHO KNOWS IF HE OR SHE HAS SUFFICIENT RISK CAPITAL TO ACHIEVE HIS OR HER FINANCIAL OBJECTIVES.

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A good trader always ensures there are capital funds available for trading whenever he or she feels like trading.

• A GOOD TRADER ACTS ACCORDING TO HIS OR HER JUDGMENT BASED ON HOW HE/SHE HAS ANALYZED THE MARKET.

Good traders don't think about what other people are saying concerning the market but think of his or herself.

• A GOOD TRADER ALWAYS ANALYZES THE MARKET FIRST BEFORE OPENING OR EXITING THE MARKET.

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A good trader doesn't wait for someone to send him or her a signal, instead, he or she is always ready to analyze the market and take risks

A good trader waits for the signal to appear based on the market analysis he or she has carried out before placing a trade

A good trader, trades less and not overtrade. Must people over-trade while a good trader doesn't.

A good trader knows his or her rewards-risk ratio for every trade.

A good trader, is always patient with the market and knows when to trade and when not to trade.

A good trader is always ready to follow the advice of other traders who are also good.

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Conclusion

_{Today, we have so far discovered who a good trader is, which many traders claim to be. Note: this post is not financial or investment advice, but educational content that is written to educate you about the quality of a good trader.}

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