Originally posted by Sebastian

every trader is a good trader who makes profits 

No doubt that profit is prime objective in forex trading. But trading style also matters a lot. There are traders making profit with martingale. But I do not consider them in the list of good traders. Similarly traders with high drawdown are less preferrable

How much percentage of drowdown do u think that should have a good trader?

Originally posted by mikjurado

How much percentage of drowdown do u think that should have a good trader?

A trader should have "0" drawdown. But as it is very rare so any percentage that is acceptable to most of us can be considered as less drawdown. Actually profitability of a system also matters.

For example you may prefer a system generating around 10% monthly profit for last 2 years with a drawdown of 25% over a system with 15% drawdown and capable of generating 5% monthly profit.

It also depends on ur risk tolerence.

I go with one that does not want to walk out of a trade.I mean someone that is not greedy

Originally posted by Sasha

 

Originally posted by Sebastian

 

every trader is a good trader who makes profits 

 

 

No doubt that profit is prime objective in forex trading. But trading style also matters a lot. There are traders making profit with martingale. But I do not consider them in the list of good traders. Similarly traders with high drawdown are less preferrable

 

sorry, i wanted to say:

"every trader is a good trader who makes profits .....FOR MANY YEARS"

Traders making profit with martingale and high Drawdowns will not have a future..... Or can u show me one with a history of more than 4 years for example?`

Originally posted by mikjurado

How much percentage of drowdown do u think that should have a good trader?

I guess less than 10% is very safe, it mean trader put SL to protect over floating loss, or brave enough to do cut loss.

Bigger drawdown (more than 40%) is very risky and we can see someday that account will MC.

Originally posted by capitalhillmanagment

As for me,
A good trader is a trader that always stick to his or her plans, like taking lose when it is due, and always knows he or she cant win all the time, but always have the winning trades exceeding the losing trades i.e the sum of all winning positions, after subtracting the losing positions, u still have profits.

Make ur own defination

 

a Defenition of a good trader for my is to have a these qualitys,he needs to have a good money managment,he needs to be patient don'r rush things,and good exit strategie!!

A good trader is a trader who always maintain descipline even who is going toget margin call.

A good trader is the one who first tries to reduce and minimize his risks and losses and then aims to make some consistent profits. Also a good trader makes a profitable trading plan and practices in demo account before trading in real account .

If you want to became a good profitable forex trader then try to achieve some good strategy and knowledge which is the best and the key of success in forex trading just don't give up in this business.