​What Kind of Traders Earns Profit?

WikiFX Strategies (5 Feb.) - Trading significantly differs from other sectors in terms of the win rate, which is as low as 2%-3%. People engaging in transactions are usually like the following:

Type 1: With less than three-year experience, they suffer from both losses and depression. Most traders find themselves the first type, who struggle to meet the basic needs of life but end up terminating their trading careers.

Type 2: They have long engaged in transactions but cannot earn stable profits to sustain their daily life. This kind of traders will switch to securities/futures companies and get an average income.

Type 3: Fund managers. They charge management fees in public/private placement, earning far more than the average.

Type 4: Individuals with long-term, sustainable profits, or charge management fees in others investments. Generally, traders of this type are masters of the industry.

Only traders of the last two types make money. With proven trading strategies and long-term capital accumulation, they are prepared for potential risks after a thorough evaluation.

To be one of them, you must first develop self-mastery, that is, to resist the temptation and seize every opportunity by your own trading strategy. Second, you should become mentally strong with tremendous spirit and keep going on despite setbacks.

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