I would like to start a discussion on whether Method or Discipline is more important in this market?
There are people who think that the right method will make you rich very quickly, but there are people who think that the method only accounts for 10% of your success, if you want to be the ultimate winner, you must be a man keep rule.
I'm always convinced that discipline plays major role in terms of forex trading, because due to discipline you have an opportunity to reach success. There is a certain correlation between methods and discipline. If you have discipline you will be able to create methods to reach success. So, as you can see discipline is on the first place here and it can be otherwise. Well, some traders believe that methods matter much more than discipline however I can't understand such traders, I'm sure thta discipline prevail over other things which can lead you to success actually. Nevertheless, everybody is individuality.
Both important but a little chicken and egg. I would say you need a good method or strategy and then the discipline to stick to it. You could have discipline in sticking to a failing strategy and be very good and losing your money. Equally you need discipline to keep going in the face of adversity to find your strategy.
If you can't spot the liquidity then you are the liquidity.
I think you need one for the other to work, which makes them equally important. If you have a good method but don't stick to it, you'll lose money. If you are a well-disciplined trader with no strategy, you'll also lose money.
To succeed in forex, discipline is essential. First of all, we should increase our knowledge and experience in forex trading, so we can trade well. And hard work is also very important to achieve success in forex trading, so we should work more and more in the forex and in forex we should continue my hard work till we are successful and in forex we should trade with fresh and active mind and to achieve success in the forex it is very important that we should work with the patience in the forex.
Method and discipline are related concepts in the trading world. A method is best viewed as a set of guidelines that you can follow to make decisions about when and how to trade. Discipline is a trait that you need to help you follow your method consistently, and thereby grow a profitable trading business over the long term.
Method and discipline both are essential elements of trading. Without method, discipline will be unsuccessful, and without discipline, the method will also fail. It is important to know that both are different elements, but they can work together for the best results.
Method and discipline are closely related to each other when it comes to trading. For every method we use, we need discipline to actually stick to it and follow through with it. We can have a very profitable method, but if we cannot follow through with it, then it is of no use.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.