Discipline is a must for every trader, be it a beginner of an experienced trader. No matter how good your plan is, but if you're not able to execute it properly, then there's no fun. And discipline is what helps you do good execution while trading. Staying calm and not letting any stress and panic affect you is very important.
AliaDare posted: If you can't maintain discipline, you can never succeed in trading. To be successful, you must maintain discipline.
Yes. True. If you can maintain the discipline, it will become easy to be a successful trader in this market.
Thank you so much for agreeing with me. When I was a new trader, I used to create trading formulas without maintaining discipline. Which made me lose a lot in trading. But since I started trading according to discipline and plan, I have been able to make consistent profit from Forex.
Tremblay posted: Forex is the platform where you can earn a big amount of money. But to earn money you need to have proper knowledge and experience. Otherwise, you will lose all your money in this market.
Smart and wise traders always enter with just 2% of the capital without risking more than that. Even though it’s a conservative approach, it does limit the risk.
hat’s the catch. Brokers will always come up with enticing high leverage along with crazy margin levels. But that doesn’t mean you should dive right in with your money at stake.
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.