Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
Trade discipline
Previous 1 2 3 Next
tts_markets

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.


GeorgeBischof

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.

AliaDare

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.

tts_markets

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

AdamCantor

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.

christielowe

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.

Beagelv

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.

radioactive

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.

Hillartrading

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

Gracewilson1995

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

Previous 1 2 3 Next
Loading
Loading
EURUSD 1.17484 GBPUSD 1.28946
USDJPY 105.534 USDCAD 1.32944

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
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.