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Discipline and Forex Trading
Member Since Aug 27, 2017
994 posts
Jul 25, 2020 at 20:07
Member Since Aug 27, 2017
994 posts
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.
Aug 20, 2020 at 09:43
Member Since Jul 19, 2020
751 posts
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.
Member Since Jul 23, 2020
759 posts
Oct 09, 2020 at 00:37
Member Since Jul 23, 2020
759 posts
Adribaasmet posted:Demo account is best for learning. however, you can learn how to deal with emotion in demo account.
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.
Oct 15, 2020 at 22:53
Member Since Jul 19, 2020
788 posts
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.
Member Since Jul 17, 2020
42 posts
Oct 19, 2020 at 11:04
Member Since Jul 17, 2020
42 posts
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.
Member Since Jul 23, 2020
869 posts
Apr 30, 2021 at 17:18
Member Since Jul 23, 2020
869 posts
blandpatsyy posted:I completely agree with you. It is essential to make a consistent profit and to do that, traders must require discipline.
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.
Apr 30, 2021 at 17:40
Member Since Jul 19, 2020
788 posts
blandpatsyy posted: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.
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.
Member Since Aug 27, 2017
994 posts
Member Since Sep 15, 2021
9 posts
Member Since Aug 05, 2021
401 posts
Member Since Aug 10, 2021
178 posts
Sep 22, 2021 at 01:11
Member Since Aug 10, 2021
178 posts
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
Member Since Mar 13, 2021
6 posts
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.
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