A good Forex trader should have a thorough understanding of the market, a disciplined trading strategy and the ability to remain calm under pressure. They should also have a well-thought-out plan of action that takes into account all potential risks and rewards. They should have a good understanding of the currency pairs they are trading, the leverage they are using, and the stop loss and take profit levels they are setting. They should also have a comprehensive understanding of their broker?s trading platform and the tools available to them. Furthermore, they should have access to reliable news sources and technical analysis tools to help them stay on top of market movements. Finally, they should always strive to remain disciplined and focused on their trading goals.