Hello Everyone,
I am making a list of good Forex traders worldwide. On many places it's easy to copy trades of good traders. Phrases like "Copy-Trading" "Copy-Fx" and likes are popular these days.. I like to trade and copy trades of good traders. In the process I wish to learn and evolve as a trader.
Given the nature of my trading-style, it becomes necessary for me to filter bad traders.
Below is what I think should be traits of a good trader.
I am making a list of good Forex traders worldwide. On many places it's easy to copy trades of good traders. Phrases like "Copy-Trading" "Copy-Fx" and likes are popular these days.. I like to trade and copy trades of good traders. In the process I wish to learn and evolve as a trader.
Given the nature of my trading-style, it becomes necessary for me to filter bad traders.
Below is what I think should be traits of a good trader.
- Highly disciplined
- Follows money management strictly
- Takes huge care of maximum draw-down, quits if the limit is hit
- Does not get carried away by anything
Below is how I believe a report-card of a trader should look like.
- Consistent monthly returns like 5% or more, if it's more apparently that would be awesome
- Sharpe Ratio as low as possible i.e. decent returns with minimal risk
- Depending on the size of account, drawdown not more than 10 - 30% of the account
- Proven history i.e. trackable trading records for 3-6 months at least..
Please share your ideas so we can improvise this checklist.
Meditate -> Workout -> Good Food = Good Life!
Double [/Rep]: Fully Blown i (FBi) All Time Return:
-4.8%