Most traders are impatient and undisciplined. They want to make profit very quickly and that too without proper knowledge and skills. No well defined plan, they just do some random trading. And they are not willing to learn.
Emotions are a trader's worst enemy. Today, if I have a losing trade, I stop my trade for 24 hours to calm down completely.
Dec 28 2020 at 01:14
Aurisida posted:
Emotions are a trader's worst enemy. Today, if I have a losing trade, I stop my trade for 24 hours to calm down completely.
Taking a break from trading is helpful to claim and clear your mind.
He can never be a successful trader if he does not have patience in trading. Successful trading requires a lot of patience with discipline.
Dec 28 2020 at 17:34
AliaDare posted:
He can never be a successful trader if he does not have patience in trading. Successful trading requires a lot of patience with discipline.
If you can survive long in this market, you can eventually become successful. So, be patience.
Jan 05 2021 at 08:47
The biggest mistake that any new trader can make is being impatient and making decisions out of rage. It won’t take you anywhere and make you lose more than you can afford to.
Jan 19 2021 at 08:56
That’s right. Everyone wants to get rich quickly but that’s not how it works in forex. It requires a lot of determination and hard work.
Yes, it's true. Even i was impatient but as the time passed by i understood there is no point of becoming impatient as forex trading is not a get rich quick scheme and one should trade with calm mind.
Most traders lack patience. This is why they can't run towards success. So if you want to achieve success in training, you have to show patience.
Feb 13 2021 at 13:45
Trading profit gain is never possible without patience. Most traders lose because they have very little patience.
Indeed, patience is the tool that can help us get things done.
Feb 15 2021 at 13:25
That is true and most of them are beginner that enter into trading for quick profit and end up blowing their accounts.
Every trader should have the right trading mindset and psychology for making the right decisions while trading.
Mar 08 2021 at 10:02
Success is not easy here; in my 1st year of trading I struggled a lot, but I didn’t lose my learning interest; as a result now I am making a decent amount of money! On the other hand, till now I am working on my trading skill.
Adribaasmet posted:
Success is not easy here; in my 1st year of trading I struggled a lot, but I didn’t lose my learning interest; as a result now I am making a decent amount of money! On the other hand, till now I am working on my trading skill.
Yes, I think it is safe to say that things come to those who wait.
I’m not sure I can relate because I’ve been trading for 4 months now and I’m starting to get agitated with it. The demos are boring after a while but I’ve read they are important so I was trying.
Everything takes its own time, the more positive you feel about trading and derive benefits from it, the faster you can start making a profit.
starmyth posted:
I’m not sure I can relate because I’ve been trading for 4 months now and I’m starting to get agitated with it. The demos are boring after a while but I’ve read they are important so I was trying.
Demos are very useful, if they are boring, then you are doing it wrong.
starmyth posted:
I’m not sure I can relate because I’ve been trading for 4 months now and I’m starting to get agitated with it. The demos are boring after a while but I’ve read they are important so I was trying.
I think you are thinking a lot about this. If you want to enter the forex market, you will have to learn how it works or you’ll end up losing everything. As far as demos go, I traded for about 5 and a half months on them with Avatrade and Turnkeyforex and then moved to live. It is not that easy but if you adopt the right trading mindset, you will definitely see the results of your hard work. Good luck mate!
leecopp posted:starmyth posted:
I’m not sure I can relate because I’ve been trading for 4 months now and I’m starting to get agitated with it. The demos are boring after a while but I’ve read they are important so I was trying.
I think you are thinking a lot about this. If you want to enter the forex market, you will have to learn how it works or you’ll end up losing everything. As far as demos go, I traded for about 5 and a half months on them with Avatrade and Turnkeyforex and then moved to live. It is not that easy but if you adopt the right trading mindset, you will definitely see the results of your hard work. Good luck mate!
Idk I think I’ll just stick around for another month or so or maybe go live soon. Anyhow, thanks for responding.
