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Trade discipline
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Member Since Jul 09, 2020  20 posts TTSMarkets (tts_markets) Aug 09 at 17:41
In every business, there are a number of predefined factors, without which your destination will never be reached. This is also true for Forex. Trading time, the money to invest in, stop losses, take advantage, etc. are some important factors. Each item in the forecast must be analyzed on the basis of proper business discipline. Set your targets every day and never trade after the targets have been reached.


Member Since Jul 19, 2020  100 posts GeorgeBischof Aug 10 at 08:54
If you want to make money from this market consistently, you need to be disciplined. This is a risky market. If you can not be disciplined with your profession you can not succeed.


Member Since Jul 19, 2020  77 posts AliaDare Aug 10 at 10:07
The best thing to do is to set a goal in trading. If your goals are not right, you will never succeed. You have to trade according to the plan. I am not just saying trading, you need a plan if you want to do anything. Because nothing is possible without a plan. If you set a regular stop-loss that hits the stop loss you will not open the trade that day. And you have to set a target every day, do not expect more than the target. All in all, if you want to make a consistent profit, you need to maintain discipline and trade.


Member Since Jul 09, 2020  20 posts TTSMarkets (tts_markets) Aug 10 at 12:00
Thank for your replay


Member Since Mar 18, 2019  98 posts Adam Cantor (AdamCantor) Aug 10 at 12:40
setting goalposts is important. if you dnt achieve, go back and see WHY, take the time to understand why things didnt go to plan befor you delve in again.


Member Since Jun 16, 2020  9 posts christielowe Sep 07 at 06:01
Discipline is everything in forex, more important than I reckon it is in other sorts of jobs or businesses. One emotionally wrapped trade and you can see your loss string initiating.


Member Since Jul 27, 2020  21 posts Beagelv Sep 08 at 04:37
Trading discipline must be developed from the very beginning, because then it will be difficult to rebuild.


Member Since Sep 07, 2020  34 posts radioactive Sep 08 at 06:57
I do agree that discipline should be developed in the beginning, but how would they know and be ready for that? That is an important statement to be made.


Member Since Sep 08, 2020  10 posts Hillartrading Sep 10 at 08:09
Stick to a prove trading method.


Member Since Jan 11, 2019  31 posts Gracewilson1995 Sep 10 at 09:10
The 10 golden rules of forex trading
1. Avoid forex trading software that claims to guarantee returns
2. Always use a demo trading account
3. Forex trading can be highly stressful – avoid emotional trading
4. Invest in a solid forex education
5. You can learn to trade forex successfully
6. Manage your forex capital wisely
7. Manage your investment-per-trade wisely
8. Use common sense
9. Ensure you use risk protection strategies at all times
10. Be especially cautious about overextending yourself with leverage

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