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Discipline and Forex Trading
Mitglied seit Aug 27, 2017
875 Posts
Jul 25, 2020 at 20:07
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
keeping patience.......
Aug 20, 2020 at 09:43
Discipline is the key for successful trading. A trader needs to be discipline to be successful. There are many traders who are a good analyst but a bad trader because they are not discipline. Every trader should read the book The Discipline Traders by Mark Douglas.
Mitglied seit Jul 23, 2020
696 Posts
Oct 09, 2020 at 00:37
Adribaasmet posted:
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Demo account is best for learning. however, you can learn how to deal with emotion in demo account.
Oct 15, 2020 at 22:53
Without discipline in trading, it is not possible to make a profit. Discipline should be maintained for every trade. Successful traders do not trade without discipline. Many traders patiently maintain a lot of discipline and they will one day succeed in trading.
Mitglied seit Jul 17, 2020
29 Posts
Oct 19, 2020 at 11:04
Do not believe in people who say trading is like gambling, the truth is far from that. I have disciplined myself in the last 2 years and seen a sea change in my win ratio. I can tell you without discipline you can forget about profits in trading.
Mitglied seit Jul 23, 2020
816 Posts
Apr 30, 2021 at 17:18
blandpatsyy posted:
Do not believe in people who say trading is like gambling, the truth is far from that. I have disciplined myself in the last 2 years and seen a sea change in my win ratio. I can tell you without discipline you can forget about profits in trading.
I completely agree with you. It is essential to make a consistent profit and to do that, traders must require discipline.
Apr 30, 2021 at 17:40
blandpatsyy posted:
Do not believe in people who say trading is like gambling, the truth is far from that. I have disciplined myself in the last 2 years and seen a sea change in my win ratio. I can tell you without discipline you can forget about profits in trading.
There were many good posts. It was my failure when I did not maintain discipline and did not trade. The ratio of profitability was much lower. But since I became a disciplined trader, my trading results have changed.
Mitglied seit Aug 27, 2017
875 Posts
May 01, 2021 at 09:40
in order to me , its more appropriate for you to finish the pre school level including demo account or micro for practicing.
keeping patience.......
Mitglied seit Sep 15, 2021
9 Posts
Sep 15, 2021 at 10:36
ohmaria posted:
Would love to know what are some of your methods way to stay disciplined for trading.
1. Write a trading plan
2. Stick to it
Mitglied seit Aug 05, 2021
394 Posts
Sep 20, 2021 at 14:25
Discipline and patience are two key traits that I think all successful traders must have.
Mitglied seit Aug 10, 2021
172 Posts
Sep 22, 2021 at 01:11
Disciplined traders are mature traders and mature trading means confidence through knowledge and skill. Forex is losses, but your confidence can give you a competitive edge. You can protect your account through money management and risk management, and your learning will make you a more measured trader.
Sep 25, 2021 at 16:09
Discipline is the key to success in forex market, but it is very hard to reach. There are so many temtations and emotions during trading, and a trader should pull themselves together in order not to let emotions interfere in decision making process. It is an open secret that emotions lead to the loss of the budget. So, in order to avoid this negative situation, you've got to be disciplined.
