Patience is best tool to get success

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.

sebking1986 posted:
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.

Couldn't have put it any better 💯

Scamming is done by Forex brokers on whom traders mostly rely. It is decreasing the dependence of traders on brokers. So, traders should always go for a regulated and secure broker for his own safety. Security is everything here in Forex and no one wants to compromise with it.

Patience, in my opinion, is the most effective tool for success. You will lose the moment you lose patience.

Completely agree with you! From my experience, I clearly understood that emotions only interfere in trading. You always need to stick to a strategy to achieve success and do not hope for a quick result.

The key to success in forex trading is patience, consistency, and dedication. Being impatient in your trades can make you fidget with it, which can potentially change a profitable trade into a loss. Moreover, if you are not patient, you will also not be able to stay consistent with your strategy for a long term. Developing your trading psychology, and practising meditation, can help increase the level of patience of traders.

Patience is important while trading in financial markets. Moreover, acquiring trading knowledge is a long process. And if you can’t keep up with consistency and patience, you can’t become a successful trader.

Staying patient shouldn’t mean that you sit on your hands. You must keep analysing the market but be fine if you make a wrong move. Losses are possible but trying to recover them out of anger can make you a revenge trader which is not a good thing.

You don’t realise how important it is to keep patience until you have to pay for your eagerness. The market is constantly moving and you don’t get it easily. Develop a market understanding and take as much time as you need before you start getting negative thoughts about trading.

Patience is a very important thing in achieving any goal. It does not matter what kind of business it is.
Of course, in Forex trading it is especially important.
Many beginning traders think that they can earn a lot of money in a week after registration.
These people lack patience. They open more and more losing trades. They don't have time and desire for analytics and analysis.
In this case nothing will work out.
Luck loves the patient!

Patience is really considered to be the most crucial thing for successful trading. Sober mind - is a real power, I agree with it. No hesitation, no fear, only move forward.

No matter what anyone says, it's true.
Patience is an important thing for any trader.
He must understand that the great success will not come in the first month. It takes time. A few months for learning and years for training and experience.
If a person is greedy and impatient, he cannot succeed in trading.
This traders often make mistakes.... Fatal mistakes!

I totally agree with you. Patience is the key with forex.

davesper posted:
It seems to me that the best way to achieve success is to simply gain experience. It seems to me that experience is the most important aspect of work now.

Yes, I believe the same. It is through experience that one develops skills and becomes successful.

Lerato_12 posted:

Teutomania posted:
I totally agree with you. Patience is the key with forex.

Well said! A trader needs to be patience and disciplined to trade well.

Discipline and patience are the two most important skills a trader picks on to last longer and be able to earn consistent profit.

Without a doubt! Patient is a valuable tool for traders, as it can help them avoid making impulsive decisions and stick to their trading plan. In the forex market, it is important to wait for the right opportunity to enter a trade and not get swayed by short-term market movements. This is only possible by maintaining patience and discipline.