The personality of the trader has a very big impact on the results that he obtains in the financial markets, which means that the trader needs to have a very strong personality and rely only on himself in entering and exiting deals, as he must find his own strategy and method and does not follow others or special recommendations that are very dangerous for him.
It is one of the most important positive qualities a trader must have
The first thing is self-confidence
It is essential for a trader to have self-confidence so he can make decisions personally, and this confidence pushes him to trade successfully, get rid of fear, and gain vast experience.
Secondly, trading relies on the mind
To be successful in trading, a trader must continuously use his mind and think carefully about every decision he wants to make. Decisions positively or negatively affect the trader's results, so thinking is very important. One of the most important qualities of a good trader is the ability to read events and rely on different mental processes.
Finally, patience and perseverance are essential
A successful trader has great patience for the trades he makes and the strategy he uses, and he is confident in the results he achieves and doesn't look at others to continue to succeed within the market.