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Trade discipline

TTSMarkets (tts_markets)
Aug 09 2020 at 17:41
20 Posts
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
Aug 10 2020 at 08:54
318 Posts
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
Aug 10 2020 at 10:07
678 Posts
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.

TTSMarkets (tts_markets)
Aug 10 2020 at 12:00
20 Posts
Adam Cantor (AdamCantor)
Aug 10 2020 at 12:40
98 Posts
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
Sep 07 2020 at 06:01
35 Posts
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
Sep 08 2020 at 04:37
81 Posts
Trading discipline must be developed from the very beginning, because then it will be difficult to rebuild.

radioactive
Sep 08 2020 at 06:57
47 Posts
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
Sep 10 2020 at 08:09
28 Posts
Stick to a prove trading method.

Gracewilson1995
Sep 10 2020 at 09:10
147 Posts
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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