Patience is important but it is difficult to get the balance right. If you are too patient then you will miss opportunities then get frustrated and possibly end up taking bad trades.
May 30 2022 at 06:37
Everyone always talks about how newbies should learn everything about the market, but they forget to mention how important the art of being patient is. You can trade successfully and win, but without patience, you won’t be able to make long term trades and after a while, short term trading will get too frustrating. Hence, patience is as important as any other skill while trading.
learning is important but besides this you should focus on practice session , otherwise any kind of learning can be useless.
Jun 01 2022 at 18:22
Davidfx89 posted:Well said
learning is important but besides this you should focus on practice session , otherwise any kind of learning can be useless.
Jun 02 2022 at 00:23
An important aspect of trading successfully in a constantly changing market environment is the ability to have patience in adjusting oneself in order to make consistent profit-making trades. You can sit back a bit and wait for the right trading setup.
Jun 02 2022 at 08:22
patience is important it true but besides this discipline is also important.
Jun 03 2022 at 10:11
yes discipline is very important in trading as well real life.
Jun 08 2022 at 05:40
Only through patience will you learn and then, you’ll be able to generate a tad bit as you move along the process. Newbies who expect quick results lose immediately. So, stay patient and understand the market fluctuations and base decisions according to the shifts and trends to earn profit and minimise risk.
Patience is one of the best friends of trading. We often forget to be patient and lose. If you remain patient, you will not experience issues such as overtrading, chasing losses and so on. Moreover, you can ensure long-term trading if you practice patience because trading is a long-term game.
Patience will be tested as you enter the market and start losing. You need to keep going even though you feel disheartened. Pick yourself up and make the most of the opportunity. Do not give up.
You need patience to be able to collect enough data to indicate if you are banging your head against a wall or not. Equally when learning you need the patience to understand that you won't be making money anytime soon.
If you can't spot the liquidity then you are the liquidity.
Jun 13 2022 at 16:05
Dictiony posted:
Patience is a very best and useful tool to get success because if we have no patience in our self then we can become greedy and definitely we can face big loss and different problems thats why we have to stay cool and positive and be patience in this way we can get good profit and we can become a professional trader
Forex trading definitely requires a lot of patience and mindset is key
Jun 14 2022 at 12:32
Most traders are too eager to jump in and trade whenever any opportunity arises. This is probably due to our human nature and the eagerness to make a “quick move”. But if there is one thing that ensures a high probability of winning, it is having the patience to grasp all the necessary information before you trade. This apparently will take time as there are many factors involved in it, such as the forming of trends, trend corrections, highs and lows. Impatience to look at these matters could result in loss of money. It could be helpful sometimes to take a break, allow oneself to have the time to look at the bigger picture, instead of focusing too much on one aspect.
Very true i myself i have lost a lot of money because of being impatient
Forex trading is not a short-term investment. Success can only be achieved if you have patience and a strong understanding. It's easy to get greedy and end up with a big loss if you don't have patience. Trading foreign currencies requires a significant investment of time.
Patience is so important. I have been wanting to Buy GBPUSD for over 6 months. Only now is the price suitable for me. If I had bought earlier then I would have lost money
You don’t become a good runner in one day. In the same way, becoming a good forex trader requires hard work and consistency. And patience is key to achieve that. Many new traders neglect this. They seek instant results. But if trading were like this, would everyone be making money from trading?
Patience is necessary for situations to be evaluated in the right way and at the time of being executed do your best. In the case of forex there is no exception, in fact we find that it is a primary feature that every trader must possess. Developing your forex trading plan will take time. Developing skills will take time. Waiting for the right business opportunities requires a lot of patience so you don’t make mistakes or rush to erroneous operations. Entering and exiting a trade at the right moment requires patience.
Jun 29 2022 at 12:04
sebking1986 posted:Couldn't have put it any better 💯
You need patience to be able to collect enough data to indicate if you are banging your head against a wall or not. Equally when learning you need the patience to understand that you won't be making money anytime soon.
Keep it country
Patience is what a trader needs the most to survive in the forex market. Focus on work and forget the result would be a quote that you can live by. Do not obsess over profits or numbers. Just make sure to get better and improve with time. Like we say, good things come to those who wait.
