Discipline and Forex Trading

Apr 28, 2020 at 04:06
2,329 Angesehen
46 Replies
Mitglied seit Apr 01, 2020   231 Posts
Apr 28, 2020 at 04:06
There is no doubt that discipline is one of the most important factors in the Forex market and most of the traders lose their money while they can not be disciplined during the trading time. We know that forex is the most profitable online business where anyone can make huge money within a short time if the can learn perfectly the knowledge of trading skills and strategy about forex.
Mitglied seit Mar 13, 2018   3 Posts
May 17, 2020 at 01:25
Dictiony posted:
There is no doubt that discipline is one of the most important factors in the Forex market and most of the traders lose their money while they can not be disciplined during the trading time. We know that forex is the most profitable online business where anyone can make huge money within a short time if the can learn perfectly the knowledge of trading skills and strategy about forex.
totally agree 100%
Greed is an account killer
Mitglied seit Aug 11, 2017   886 Posts
May 19, 2020 at 10:26
I have seen according to my trading experience mostly traders depend on demo trading for acquiring proper basic information about trading; I think it would be better if we newcomers take pips school for acquiring real fundamental experience instead of demo account. This trading place always makes sure all basic information with essential terms and conditions.
Mitglied seit Aug 27, 2017   994 Posts
May 19, 2020 at 14:18
Forex traders who think always its easy money-making process, at the end of the day be a loser. its not a place to make money easily within rapidly, its all about making good knowledge and experience.  take it or leave it. decisions is yours.  thanks 
Mitglied seit Oct 19, 2019   38 Posts
May 20, 2020 at 06:50
Mohammadi posted:
I have seen according to my trading experience mostly traders depend on demo trading for acquiring proper basic information about trading; I think it would be better if we newcomers take pips school for acquiring real fundamental experience instead of demo account. This trading place always makes sure all basic information with essential terms and conditions.

Well according to me both are important. Neither should be demo trading be less emphasized nor pips school.
Mitglied seit May 11, 2020   74 Posts
May 21, 2020 at 08:53
Adribaasmet posted:
Forex traders who think always its easy money-making process, at the end of the day be a loser. its not a place to make money easily within rapidly, its all about making good knowledge and experience.  take it or leave it. decisions is yours.  thanks 

This! It is important to keep in mind that you cannot make the money overnight. It takes lots of practice and patience to do so.
Mitglied seit Jan 06, 2020   83 Posts
May 21, 2020 at 12:42
Dictiony posted:
There is no doubt that discipline is one of the most important factors in the Forex market and most of the traders lose their money while they can not be disciplined during the trading time. We know that forex is the most profitable online business where anyone can make huge money within a short time if the can learn perfectly the knowledge of trading skills and strategy about forex.

To be a professional trader, discipline is the key, you must have a Heart Of Stone when trading, That eliminates anything like emotion, I don't have no emotion while trading and it's the foundation of my success story.
Market Direction
Mitglied seit Jan 06, 2020   83 Posts
May 21, 2020 at 12:44
No emotion and you are successful and can make huge gains with little risk and very low drawdown.
Market Direction
Mitglied seit Dec 23, 2019   21 Posts
Jun 01, 2020 at 16:30
Of course, I wouldn't say that discipline alone is enough to become a successful and profitable trader. But if you're serious about trading and want to make a profit, you'll need this quality 100%. Don't be lazy to develop it in yourself, because it'll be very useful in real life as well.
Mitglied seit May 08, 2020   2 Posts
Jun 01, 2020 at 17:09
Ishndwyn,
  I will agree discipline it is the hardest thing to (control myself) and plan entrance and exit for each 'TRADE'
Never been Pour Broke a Lot
Mitglied seit Jun 01, 2020   55 Posts
Jun 02, 2020 at 10:51
harrydmoore posted:
Ishndwyn,
  I will agree discipline it is the hardest thing to (control myself) and plan entrance and exit for each 'TRADE'

You are right. But one who is able to imbibe both these things in his trading , discipline and planning, can make his journey a really profitable one.
Mitglied seit Jun 02, 2020   7 Posts
Jun 02, 2020 at 11:53
Dictiony posted:
There is no doubt that discipline is one of the most important factors in the Forex market and most of the traders lose their money while they can not be disciplined during the trading time. We know that forex is the most profitable online business where anyone can make huge money within a short time if the can learn perfectly the knowledge of trading skills and strategy about forex.

Yes, A trader without discipline will never feel consistency in their trading because they fail to use the proper risk management and adhere to their trading strategy.
Real Profit Expert Advisor
Mitglied seit Aug 11, 2017   886 Posts
Jun 02, 2020 at 14:51
In the present world from any other profession Forex trading is most comfortable and suitable to earn money in a proper way, but you have make sure some mandatory rules for that . but practically mostly traders are loser from here due to lack of exact trading knowledge which is the key to success in this volatile trading place. Besides good trading knowledge it is also important to ensure proper trading plan , money management , risk management and obviously a reliable support from a credible trading broker.
Mitglied seit May 08, 2020   2 Posts
Jun 02, 2020 at 16:41 (bearbeitet Jun 02, 2020 at 16:43)
Suarez Thank You for your comments.
 This is a waiting game and the discipline to watch the market go against you and not panic and get out is the hardest thing knowing that it will turn the way you planned your trade is the hardest. Getting out too early has cost me more than once.
 This amounts to Having Tenacity which we all have to have to do FOREX.
Never been Pour Broke a Lot
Mitglied seit May 24, 2020   112 Posts
Jun 09, 2020 at 07:28
Properly organized discipline in Forex trading will allow you to achieve stunning success.
Mitglied seit Jun 09, 2020   36 Posts
Jun 16, 2020 at 12:56
Forex market is very unpredictable and uncertain. One needs to restrict their emotions and should follow the footsteps of your trading plan otherwise it can lead to the wrong path of losses and frustration. For being in a profitable situation consistently, you need to do more and more practice and understand each and every move deeply.
Mitglied seit Jul 10, 2019   11 Posts
Jun 17, 2020 at 11:53
One discipline rule that helped me was only 3 trades a day MAXIMUM. This helped me wait and focus for best trades
Mitglied seit Apr 25, 2020   119 Posts
Jul 06, 2020 at 14:17
A properly organized discipline in Forex trading will allow you to achieve stunning success.
Mitglied seit Jun 24, 2020   34 Posts
Jul 09, 2020 at 07:29
Kazile posted:
A properly organized discipline in Forex trading will allow you to achieve stunning success.

True. Discipline helps you achieve your goals in a systematic way. It guides you the way to success.
Mitglied seit Jun 26, 2020   327 Posts
Jul 25, 2020 at 07:03
discipline is a first requirement to bring success in Forex trading ,
so besides acquiring good knowledge we have to emphasis on this.
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