Facilitative Forex Trader Qualities
Facilitative Forex traders have the ability to see the potential in people around them and to provide the inspiration to help others in fulfilling their maximum potential. This is an important leadership characteristic which facilitative traders have, and therefore these traders often become leaders when found in a group setting with other traders.
The Facilitative Trader has two of the three most important characteristics for becoming a great trader according to Van K. Tharp. These are:
Facilitative Forex Traders are also very well organized normally, which is a great habit for any trader to adopt.
The Facilitative Forex Trader has a capacity to see the big picture and to connect the different points in the big picture which in turn allows him to make good trading decisions.
These types of traders will also tend to naturally take on the lead role within the group and eventually become the leader.
The Facilitative Forex Trader’s superb ability in working with others may also be both an advantage and a disadvantage because trading is often a solitary activity though working in a group definitely has its advantages – especially for people who are better suited for that kind of environment like the facilitative trader.
Furthermore, Facilitative Forex Traders very often will need to double check their trading strategies and ideas – most probably it will be with their peer-traders or people in their group.
This double-checking helps them to be more relaxed and more confident in pulling the trigger on a trade when the time comes. However, this is another trait of their highly social nature that they will probably need to work on in order to improve and become less dependent on others.
Related education and FX know-how:
Trusted FX Brokers
Haven't found what you're looking for? Contact us!
Forex Education - Basics:
Free Forex eBooks:
Forex Education - FX Brokers:
Forex Education - Technical Analysis:
Forex Education - Money Management:
Other trading tools: