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Trade discipline
Sep 25, 2020 at 08:18
tts_markets posted:
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.
I agreed. but one question arize. why never trade after the targets have been reached??
Oct 01, 2020 at 07:51
Voss_y posted:tts_markets posted:
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.
I agreed. but one question arize. why never trade after the targets have been reached??
Because over trading is harmful.
Mitglied seit Jun 26, 2020
323 Posts
Oct 02, 2020 at 09:24
in my life i love two words which
is discipline and the 2nd is consistency ,
its all about same most of time.
is discipline and the 2nd is consistency ,
its all about same most of time.
Mitglied seit Sep 08, 2020
36 Posts
Oct 07, 2020 at 07:55
Tradelist45 posted:
in my life i love two words which
is discipline and the 2nd is consistency ,
its all about same most of time.
For me it's discipline and hardwork.
Mitglied seit Mar 16, 2021
447 Posts
Jun 01, 2021 at 00:51
Discipline is a very important point that cannot be traded without maintaining it. No matter how good a strategy I learn, if I can't maintain discipline, it will be difficult to make a profit.
Mitglied seit May 31, 2021
35 Posts
Jun 01, 2021 at 09:47
LukeRachel posted:
Discipline is a very important point that cannot be traded without maintaining it. No matter how good a strategy I learn, if I can't maintain discipline, it will be difficult to make a profit.
Exactly, a disciplined trader is always able to make wise decisions.
Jun 01, 2021 at 16:46
Gracewilson1995 posted:
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
Made a very good post. From which traders will benefit a lot.
Mitglied seit Mar 16, 2021
447 Posts
Jun 02, 2021 at 01:00
It is very difficult to make a profit without trading discipline. I have faced many losses where I had no trading plan and discipline. So to make money from trading, you need to maintain discipline.
Mitglied seit May 31, 2021
35 Posts
Jun 02, 2021 at 12:31
doughnuts posted:
Even with disciple you can make a loss. Trading plan helps only if it is a good trading plan
I believe that both are equally important, only a disciplined trader will be able to follow a trading plan.
Mitglied seit Mar 17, 2021
494 Posts
Jun 02, 2021 at 19:14
MasterMove posted:doughnuts posted:
Even with disciple you can make a loss. Trading plan helps only if it is a good trading plan
I believe that both are equally important, only a disciplined trader will be able to follow a trading plan.
Yes. You are right. both are equally important.
Mitglied seit Jul 23, 2020
696 Posts
Jun 08, 2021 at 10:10
Discipline is needed to control your emotion in check.
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