{"id":667502,"date":"2025-09-19T09:59:52","date_gmt":"2025-09-19T07:59:52","guid":{"rendered":"https:\/\/ftmo.com\/10-dulezitych-faktoru-pro-uspesny-trading\/"},"modified":"2025-09-24T08:22:32","modified_gmt":"2025-09-24T06:22:32","slug":"10-important-factors-for-successful-trading","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/10-important-factors-for-successful-trading\/","title":{"rendered":"10 Important Factors for Successful Trading"},"content":{"rendered":"
Trading is a demanding yet highly rewarding discipline that requires not only a deep understanding of the markets but also emotional control, strategic planning, and continuous learning. The aim of this article is to present ten key factors<\/strong> that distinguish successful traders from those whose long-term success is less likely. Each factor is examined in depth and complemented with practical recommendations for its application in everyday trading.<\/em><\/p>\n The psychological aspect is often the decisive factor between profit and loss<\/strong>. A trader who cannot manage stress, panic during a drawdown, or euphoria after a profit can easily slip into a dangerous spiral of irrational decisions. A professional trader is aware of their mental state and works with it deliberately.<\/p>\n For example, after three consecutive losing trades, a beginner may panic and start \u201cwild\u201d trading with larger volumes, which only deepens the losses. Another case is euphoria after a winning streak, when the trader starts ignoring rules and enters trades without valid signals.<\/p>\n Tip:<\/strong> Dedicate time to mental hygiene. Introduce reflective exercises \u2013 for example, keeping a trading journal with notes on emotions or practising meditation to calm the mind.<\/p>\n A trading plan is the cornerstone of a successful market approach. It is a personal manual that defines your strategy, risk management procedures, markets you trade, and daily routines. Its absence often leads to impulsive and uncoordinated trading.<\/p>\n \u2022 a definition of the market conditions in which the strategy works best (e.g., trending or ranging environments),<\/p>\n \u2022 entry and exit criteria<\/strong> (e.g., a combination of indicators and price patterns),<\/p>\n \u2022 precise rules for position sizing<\/strong> and risk management<\/strong><\/a>,<\/p>\n \u2022 a daily schedule and preparation routine<\/strong>,<\/p>\n \u2022 procedures for crisis situations<\/strong> (e.g., after a series of losses),<\/p>\n \u2022 methods for evaluating performance<\/strong> and feedback.<\/p>\n Tip:<\/strong> Before each trade, ask yourself, \u201cIs\u00a0this entry aligned with my plan?\u201d<\/strong> If the answer is not an unequivocal yes, do not trade.<\/p>\n Without capital protection, no trader can survive in the long run. Reckless risk-taking often looks like a shortcut to high profit but usually leads to rapid account depletion. The key is not only to set maximum risk per trade but also to systematically test your strategy \u2013 known as backtesting<\/strong> <\/a>\u2013 on historical data. This process allows traders to verify whether their system has consistency and potential to work in the future.<\/p>\n For example, if a backtest shows that the strategy performed well on EUR\/USD between 2020 and 2023 under certain volatility but failed during low-volatility periods, the trader should consider filtering out such days from their trading schedule.<\/p>\n Tip:<\/strong> Define your maximum risk per trade<\/strong> (e.g., 0.5\u20131% of the account) and never exceed it. Conduct regular backtesting of your strategy<\/strong> across different markets and timeframes, and record the results. Optimise only after thorough analysis.<\/p>\n Trading is a rapidly evolving environment. Strategies that worked a year ago may not work today. A trader who keeps learning constantly gains a competitive edge.<\/p>\n Tip:<\/strong> Reserve weekly time purely for study \u2013 whether books, courses, or market analyses. Monitor markets, read news, and remain open to new approaches.<\/p>\n Combining technical and fundamental analysis provides traders with a comprehensive market understanding that cannot be achieved through one approach alone.<\/p>\n Technical analysis<\/strong> focuses on chart patterns, price formations, volumes, and indicators. It helps identify trends, reversals, or entry and exit points. Fundamental analysis<\/strong>, on the other hand, monitors macroeconomic data, political events, central bank decisions, and other factors influencing the long-term market direction.<\/p>\n Tip:<\/strong> When preparing for your trading day, combine technical analysis (e.g., trendlines, moving averages, RSI) with the economic calendar. Avoid opening positions ahead of key releases such as NFP or CPI.<\/p>\n Successful traders stick to a structured daily routine. They start with market sentiment analysis, prepare scenarios, and constantly monitor adherence to their rules.<\/p>\n A typical day might look like this:<\/strong> in the morning between 7:30 and 8:00, preparation takes place \u2013 reviewing the economic calendar, market news, and defining key levels. From 9:00, they watch the European market open and wait for confirmed entry signals. After finishing trading (e.g., at 14:00), they record trades in the journal, review feedback, and make necessary adjustments to the plan.<\/p>\n1. Trader Psychology<\/h2>\n
2. A Solid Trading Plan<\/h2>\n
<\/a><\/h3>\nA quality trading plan should include:<\/h3>\n
3. Risk Management and Strategy Testing<\/h2>\n
4. Education and Personal Development<\/h2>\n
5. Technical and Fundamental Analysis<\/h2>\n
6. Daily Routine and Discipline<\/h2>\n