This has been going on in my mind troubles me a lot ,then I decided to bring it in the forum here to get some humble directions and good replies ,can a good trader of 3 years of experience share their strategies of successful trade? Then if they share their strategies why do we still have many unsuccessful traders of 5 years experience who still failed in trading yet no profit?
With traders, they get success with profit or failures with loss from their trading in short term and more importantly in long term by many reasons. Main reasons are their knowledge about fundamentals of the currency they're trading, the market history from price cycle to psychological cycle, trading knowledge, strategies to use, then their individual skills and experience in trading.
There are other things which are vital beyond these above aforementioned things, their personality especially how disciplined they are. If traders are not well disciplined, they will fail with trading by careless, impatient, and indisciplined trading practice in long term.
By lack of enough discipline, they will easily join the market with much more than enough trading positions when the market is not good, entries are bad, but they are ready to take too much high risk while they are careless enough for ignoring weapons in trading like stop loss order or stop limit order.
Stop loss: one of best weapons (orders) in trading.
