Yes, having patience is very necessary to be successful in Forex trading. If you have patience and skills both then it will be easy for you to be successful in Forex trading.
starmyth posted:I don’t agree with you on this. Demo accounts are meant for our initial practice and to make us prepared for the live trading. You should spend enough time learning through demo instead of considering it boring.leecopp posted:Idk I think I’ll just stick around for another month or so or maybe go live soon. Anyhow, thanks for responding.starmyth posted:I think you are thinking a lot about this. If you want to enter the forex market, you will have to learn how it works or you’ll end up losing everything. As far as demos go, I traded for about 5 and a half months on them with Avatrade and Turnkeyforex and then moved to live. It is not that easy but if you adopt the right trading mindset, you will definitely see the results of your hard work. Good luck mate!
I’m not sure I can relate because I’ve been trading for 4 months now and I’m starting to get agitated with it. The demos are boring after a while but I’ve read they are important so I was trying.
When you are trading with demo account , there is no pressure , and you do many things different. It is much better to train with very small real account than with demo.
Mar 12 2021 at 17:41
I agree a small real account is the best way to really learn and make it stick. Who cares about losing $100,000 demo money
Forex is not an easy thing, but if you trade through proper knowledge and skill development, you can make the future brighter by trading. Many people do a lot to be successful so Forex trading has come up with great opportunities for them. But to survive in trading, you must first learn. If you do not learn to trade, you may face many unexpected losses.
Tremblay posted:
Forex is not an easy thing, but if you trade through proper knowledge and skill development, you can make the future brighter by trading. Many people do a lot to be successful so Forex trading has come up with great opportunities for them. But to survive in trading, you must first learn. If you do not learn to trade, you may face many unexpected losses.
I can't agree with that. It is not just about knowledge and efforts. It is more like wining the olympics. It is not enough just to train hard. You must have the right genetics, the right trainer, the latest undetectable doping etc.... So most of the people don't even stand a chance.
Mar 18 2021 at 12:25
For trading knowledge is very important. It makes us more powerful trader. But knowledge becomes power only when we can apply can it. To apply knowledge, discipline is important. The more knowledge you will acquire the expert you will become. To cope with the volatile market there is no alternative to knowledge.
Yes most traders do not have enough patience. They want to get rich in a short period of time. As a results they become restless and open so many unnecessary trades and lose money.
Mar 21 2021 at 02:26
Most traders are not able to maintain discipline. I also could not maintain discipline at one time. Later when I saw that the percentage of my loss was high, I tried to maintain discipline with the plan.
Yes most of the new traders are impatient, most of them are new beginners and come here in order to make instant profit only, only few are there who want to learn.
Mar 30 2021 at 05:44
Yes discipline is very important for trading better and making any progress in forex.
Yes most traders are impatient and greedy. They want to make thier money double overnight. With some random wins they think they cracked the secret of forex market. As a result they lose money.
Mar 30 2021 at 11:57
Those kinds of traders come and go. Only the patient will stay and become profitable
In this area, those who have maximum patience and endurance are cited.
Beagelv posted:I agree with you. Impatient traders face the loss most of the time.
In this area, those who have maximum patience and endurance are cited.
Apr 18 2021 at 11:42
Patience is so key and just being disciplined will get you further than the most expensive strategy you can find for sure
Apr 18 2021 at 19:03
Beagelv posted:People are very interested to do this business as because of making good money. Earning money is each the traders dream and fulfilling the dream is the hardest thing.
In this area, those who have maximum patience and endurance are cited.
Due to impatient people open trade before their strategy gives signal. Suppose I am trading on H1 charts. To open a trade I have to wait to form the candle. Many traders can not have the patience to let the candle form.
Dec 17 2021 at 05:14
WaltonCharles posted:To make money from this market, you need proper knowledge and skills along with patience and discipline.Beagelv posted:People are very interested to do this business as because of making good money. Earning money is each the traders dream and fulfilling the dream is the hardest thing.
In this area, those who have maximum patience and endurance are cited.
Dec 22 2021 at 06:18
The only trading style where impatient traders can make money is scalping. In other trading strategies, a trader earns only when he learns to keep his hands in the pockets and only do anything when he is very sure about his decision. Continuously entering and exiting positions only leads to high trading costs and less or no profit.
