Everyone thinks that the only reward you gain from being a successful trader is money, but in fact there’s more to trading than just money if you become a successful trader.
When you achieve consistent success in the markets, you become more aware of yourself, which eventually leads to a self-improvement, and a self-discovery which allows you to make decisions a lot more better.
You also improve on your psychology, where you control your decisions a lot more vigorous, being more patient and disciplined in what you do.
Skills such as these stick with you for life, and they will improve your lifestyle, from that you can easily build relationships with other people and do a lot more stuff that money can’t do.
So here are 5 traits you pick up by becoming a successful trader.
1. How to grow and improve as a person.
In order to improve and grow you must change certain traits and habits about yourself, there’s a famous quote that goes by the saying ‘If your habits aren’t changing you aren’t growing’. To become a better trader, you must change your routine and habits, for example what time you should wake up to check the charts.
You’ll find that successful traders are not lazy, impatient and overall they’re very disciplined people who follow their set of rules. Unfortunately not many people have traits like these, hence why many are unsuccessful in trading the markets.
Rules can be
1. Waking up early every morning
2. Following your strategy and trade plan
3. Following your risk management
4. Working out
5. Looking after your health
6. Staying hydrated and focused.
So to become that successful trader, change your bad habits, following a strict routine and you should find yourself excelling in trading and in your life very fast, therefore overtime following your rules and making a strict routine you will find yourself improving as a person, becoming wiser and able to make swift decisions really fast.
2. The real taste of freedom.
One of the best traits of becoming a successful trader is the freedom it gives you.
Being a successful trader eliminates that struggles of having a 9-5, working over-time and over hours, being heavily exhausted with the work flow. Trading gives you the ability to what we call now days ‘Modern-Day Slavery’
I only spend 2 hours per day checking the charts, and that’s more than enough to give me a return of over 15% every month, and if you’re someone who’s able to consistently do that then you’re doing 180% annually, which for sure eliminates those bill struggles.
It’s not easy, and the road ahead to achieving financial freedom is hard, but is it worth it? Hell yes it is.
Whether you approve or disapprove in today’s society it’s all about money and how you make that money, you can either choose to live a standard life, sacrificing precious hours, to make minimum money or you can choose to make a change, save those hours, make more money by trying different stuff that might work out for the better for you.
Personally for me it’s the time freedom that trading gives me which is something that no other job will ever give me, being able to save a lot of my time to nurture myself, and study and improve as an individual whilst also making money from trading, this is what I consider financial freedom, and wealth.
3. The true meaning of patience and discipline.
A lot of people already know that having patience and discipline are extremely important but a few people understand that these two traits are the most important skillsets to apply to the markets. The only way you’re going to reach a level where you’re consistently making money and profiting from the markets essentially comes from how patient and disciplined you are
A lot of people might be saying the same thing as me, but that’s only because its very true, having discipline and patience will make you money very fast and it’ll filter your bad nature away and keep you growing at a steady pace, because you’re not expecting too much and you’re also not desperate but you’re doing what you gotta do in order to get where you want one step at a time. And this is a trait of a successful person and a successful trader, someone who allows the market to come to them and they don’t go chasing it, they don’t over trade or over-leverage but control how much they’re risking in
… sadly not many people are able to do this consistently.
4. Simplicity.
Trading in a very simple manner, not over complicating the charts and thinking simple has not only led me to being successful in the trading niche, but it’s developed my life-style to being simple, which benefitted all area’s in life for me.
Once I’ve applied trading as simple as possible on the charts and actually seeing better results, this led me to focus on clean charting and keeping my trading as simple as possible, hence where I get the company name KispaFX from, which is an abbreviation for ‘Keep It Simple Price Action Forex’.
I started applying the simplistic ideology in life without trying, it just naturally came from being as simple as possible with my charts, and that’s something that adapts onto you over your course of experiencing trading.
I advise everyone to take this habit, and process it mentally and apply it to your every day life, and if you wish to learn more about this then go ahead and check my trading course, which I’ve written in a very simplistic manner, and this can give you an idea by what I mean when I say keep it simple.
5. Managing your life.
This is perhaps one of the most important traits a successful trader picks up and knows how important it is to them, and that’s managing your life and time.
Because traders follow a set of rules, and they don’t break these rules, they also follow a pattern in their life where they manage their personal life, and their work flow life.
A lot of us have a concept that traders spend their whole entire day watching the markets and the charts, but in fact no professional trader does that, in fact over the course of my life time meeting successful traders and asking them how long do they spend on the charts, I didn’t find a single person who told me they spend more than 4 hours on the charts – I personally only spend 2 hours per day watching the charts and looking for potential trade set ups, with the rest of my time I help others and write blogs like these.
You’ll find yourself developing into very strategic person over the course of trading, and mind developing yourself to know how to manage your life and prioritize what’s important to you
