New and undisciplined traders
May 01, 2021 at 16:25
Akasuki posted:Thank you very much. To support me. Maintaining discipline is very important for successful trading.
@AliaDare Yes you are right. To be successful in forex trading, discipline is very important. Discipline tells us when to trade and when to sit in the side bench. Every trader should work on their discipline.
Member Since Oct 23, 2013
4 posts
May 02, 2021 at 03:45
Risk management
Member Since Mar 17, 2021
536 posts
May 21, 2021 at 17:45
AliaDare posted:Discipline is the most important thing in the forex market.Akasuki posted:Thank you very much. To support me. Maintaining discipline is very important for successful trading.
@AliaDare Yes you are right. To be successful in forex trading, discipline is very important. Discipline tells us when to trade and when to sit in the side bench. Every trader should work on their discipline.
Member Since Sep 12, 2017
238 posts
May 24, 2021 at 17:22
a trader can trade anytime he want during the weekend but one has to set his own time and strategy
Member Since Jan 22, 2021
125 posts
May 27, 2021 at 15:24
(edited May 27, 2021 at 15:25)
Better to trade with those forex brokers who are regulated by good regulatory body. Trading with regulated forex broker brings some amount of peace in mind regarding safety of funds.
Member Since Sep 07, 2020
63 posts
Jun 02, 2021 at 17:16
WaltonCharles posted:That's right. Regulated brokers ensure safety of funds as compared to unregulated ones.
Every new trader should choose a regulated broker from this market.
Member Since May 27, 2021
64 posts
Jun 03, 2021 at 07:24
New traders should never ignore the following characteristics:
Patience - Don’t risk jumping into forex trading too early.
Persistence - Learning how to trade forex takes a lot of time.
Detached attitude - You cannot let emotions run your trades.
A hunger to learn - As a forex beginner, you should be more interested in learning than making money.
Know your limits - You need to know when to stop trading and take a break.
Patience - Don’t risk jumping into forex trading too early.
Persistence - Learning how to trade forex takes a lot of time.
Detached attitude - You cannot let emotions run your trades.
A hunger to learn - As a forex beginner, you should be more interested in learning than making money.
Know your limits - You need to know when to stop trading and take a break.
Member Since May 31, 2021
35 posts
Jun 03, 2021 at 12:42
Alexthetrader posted:
New traders should never ignore the following characteristics:
Patience - Don’t risk jumping into forex trading too early.
Persistence - Learning how to trade forex takes a lot of time.
Detached attitude - You cannot let emotions run your trades.
A hunger to learn - As a forex beginner, you should be more interested in learning than making money.
Know your limits - You need to know when to stop trading and take a break.
That's very important factors which you have talked about. A trader should also maintain a trading journal in order to get to know how well his trading is going.
Jun 05, 2021 at 06:59
Number one biggest mistake new trade commits is they treat forex trading as a money machine. Open trade and make profit. They think it is the easiest job in the world. But in reality you need profound understanding of the market. My advice to new trader is gain necessary knowledge and skills.
Member Since Sep 12, 2017
238 posts
Jun 25, 2021 at 12:39
not all are undisciplined. there are few who are wiling to take risks to learn.
Member Since Mar 17, 2021
536 posts
Dec 29, 2021 at 05:40
Ariest posted:Yes. Discipline makes a trader successful in this market.
Beginners and those who have given little time to their discipline very often make mistakes that have a detrimental effect on income.
Jan 07, 2022 at 19:02
There can be lots of mistakes in the very approach to trading of the beginner. I do totally agree with the statement that high expectations may ruin your budget quite easily and fast. That is why before coming to forex everyone should understand that they need to work really hard to achieve success, otherwise, they will definetely and inevitably fail.
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