#firstdealofthenewyearFateema What Makes a Forex Trader Profitable? Profitable traders think and act differently from beginners. They focus on consistency, risk management, and discipline rather than chasing quick profits. Here’s what sets them apart: 1. Strong Risk Management ✅ Risk only 1-2% per trade to protect capital. ✅ Use a Stop Loss & Take Profit for every trade. ✅ Maintain a Risk-to-Reward Ratio (RRR) of at least 1:2 or 1:3. 2. Mastering a Trading Strategy ✅ Profitable traders stick to one or two strategies and refine them. ✅ They don’t jump between strategies after a few losses. ✅ Example strategies: ICT, Smart Money, Break & Retest, Supply & Demand. 3. Trading Psychology & Discipline ✅ Avoid emotional trading (fear, greed, revenge trading). ✅ Follow a trading plan and stick to the rules. ✅ Accept losses as part of the game and focus on the long-term results.