Discipline and Forex Trading

Apr 28, 2020 at 04:06
2,389 Angesehen
46 Replies
Mitglied seit Apr 25, 2020   119 Posts
Jul 25, 2020 at 07:37
Discipline develops over time and then you can already see its effect
Mitglied seit Aug 27, 2017   994 Posts
Jul 25, 2020 at 20:07
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Mitglied seit Jul 19, 2020   751 Posts
Aug 20, 2020 at 09:43
Discipline is the key for successful trading. A trader needs to be discipline to be successful. There are many traders who are a good analyst but a bad trader because they are not discipline. Every trader should read the book The Discipline Traders by Mark Douglas.
Mitglied seit Jul 23, 2020   759 Posts
Oct 09, 2020 at 00:37
Adribaasmet posted:
Demo is the most decent way of learning Forex trading, but I also use back testing feature of Mt4 trading platform. Yes, no doubt demo is useful, but it’s a slow process! Besides, back testing is quick process! I used back testing after practicing my demo for 5 months.
Demo account is best for learning. however, you can learn how to deal with emotion in demo account.
Mitglied seit Jul 19, 2020   298 Posts
Oct 09, 2020 at 12:07
Discipline is the most needed quality for successful trading. Without discipline consistent profit is not possible. Many good analysts fail to make regular money due to lack of discipline.
Mitglied seit Jul 19, 2020   788 Posts
Oct 15, 2020 at 22:53
Without discipline in trading, it is not possible to make a profit. Discipline should be maintained for every trade. Successful traders do not trade without discipline. Many traders patiently maintain a lot of discipline and they will one day succeed in trading.
Mitglied seit Jul 17, 2020   42 Posts
Oct 19, 2020 at 11:04
Do not believe in people who say trading is like gambling, the truth is far from that. I have disciplined myself in the last 2 years and seen a sea change in my win ratio. I can tell you without discipline you can forget about profits in trading.
Mitglied seit Dec 28, 2020   187 Posts
Apr 30, 2021 at 10:17
Discipline is one of the most important traits, a trader should maintain. Discipline makes you confident and helps to achieve your goals.
Mitglied seit Jul 23, 2020   869 Posts
Apr 30, 2021 at 17:18
blandpatsyy posted:
Do not believe in people who say trading is like gambling, the truth is far from that. I have disciplined myself in the last 2 years and seen a sea change in my win ratio. I can tell you without discipline you can forget about profits in trading.
I completely agree with you. It is essential to make a consistent profit and to do that, traders must require discipline.
Mitglied seit Jul 19, 2020   788 Posts
Apr 30, 2021 at 17:40
blandpatsyy posted:
Do not believe in people who say trading is like gambling, the truth is far from that. I have disciplined myself in the last 2 years and seen a sea change in my win ratio. I can tell you without discipline you can forget about profits in trading.
There were many good posts. It was my failure when I did not maintain discipline and did not trade. The ratio of profitability was much lower. But since I became a disciplined trader, my trading results have changed.
Mitglied seit Aug 27, 2017   994 Posts
May 01, 2021 at 09:40
in order to me , its more appropriate for you to finish the pre school level including demo account or micro for practicing.
Mitglied seit Mar 28, 2021   617 Posts
May 01, 2021 at 11:20
Discipline is the most important thing in trading. Every successful trader has this quality. If you are not discipline you will make a lot of unnecessary trades. That's why discipline is important.
Mitglied seit Aug 11, 2017   886 Posts
May 02, 2021 at 08:30
as discipline practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
Mitglied seit Sep 14, 2021   10 Posts
Sep 15, 2021 at 10:32
Would love to know what are some of your methods way to stay disciplined for trading.
Mitglied seit Sep 15, 2021   9 Posts
Sep 15, 2021 at 10:36
ohmaria posted:
Would love to know what are some of your methods way to stay disciplined for trading.

1. Write a trading plan
2. Stick to it
Mitglied seit Aug 05, 2021   401 Posts
Sep 20, 2021 at 14:25
Discipline and patience are two key traits that I think all successful traders must have.
Mitglied seit Apr 27, 2021   13 Posts
Sep 21, 2021 at 21:04
Discipline is very important. Even if you have necessary skills and knowledge, they are nothing if you are not disciplined.
Mitglied seit Aug 10, 2021   178 Posts
Sep 22, 2021 at 01:11
Disciplined traders are mature traders and mature trading means confidence through knowledge and skill. Forex is losses, but your confidence can give you a competitive edge. You can protect your account through money management and risk management, and your learning will make you a more measured trader.
Mitglied seit Mar 13, 2021   6 Posts
Sep 25, 2021 at 16:09
Discipline is the key to success in forex market, but it is very hard to reach. There are so many temtations and emotions during trading, and a trader should pull themselves together in order not to let emotions interfere in decision making process. It is an open secret that emotions lead to the loss of the budget. So, in order to avoid this negative situation, you've got to be disciplined.
Mitglied seit Feb 20, 2021   78 Posts
Sep 27, 2021 at 08:19

Traders need to be more vigilant and disciplined because without these they won't be able to assess the market, and strategize their trading plans accordingly.
Anmelden / Registrieren to comment
You must be connected to Myfxbook in order to leave a comment
*Kommerzielle Nutzung und Spam werden nicht toleriert und können zur Kündigung des Kontos führen.
Tipp: Wenn Sie ein Bild/eine Youtube-Url posten, wird diese automatisch in Ihren Beitrag eingebettet!
Tipp: Tippen Sie das @-Zeichen ein, um einen an dieser Diskussion teilnehmenden Benutzernamen automatisch zu vervollständigen.