New traders become restless

New traders become restless to make money. All day long they try to find out new entry. Even their night is sleepless. But the fact is to make money in trading you need a calm and relaxed mind. When I was new I was also in a hurry to make money. It's because most of the time we are given wrong information about trading. Like making money is vey easy here.

That's right! Beginners are in hurry most of the times. How did you overcome this obstacle by the way? Are practice and experience enough?

Trading should be done with patience. It is never possible to gain trading profit without patience.

Trading is a lot about how patient you are. If you are desperate about making money, I don’t think that you will be able to go far.

The moment they hear that you can make profit in trading, they will just rush in opening an account without thinking what to consider and where to start from. And just because of that they will become restless and will no sooner misuse their accounts and funds resulting in wiping the account.

Yes, they are always in a rush to make more and more money and get rich quickly. But forex doesn’t work that way and you’re right, a calm and composed mindset is very important to trade well.

Yes, new traders become restless to make money. But the actual fact is in order to make money in the forex market you need to be calm and have a relaxed mind. Rusing to make money will always lead to opposite results.

unsightlydray posted:
Yes, they are always in a rush to make more and more money and get rich quickly. But forex doesn’t work that way and you’re right, a calm and composed mindset is very important to trade well.

I also agree with you. Forex is not a money-making machine. Those who have proper skill and knowledge can make money.

Everyone in trading brings a dream. New traders are in a hurry to fulfill that dream. This is why they face maximum time loss. So to fulfill the dream, you should trade with patience while maintaining a positive mindset.

This is absolutely true that people want to become successful overnight. One should be patient to learn and skilled enough to reach to the heights in trading.

When I was new to trading, I was also restless and nervous. But when I acquired the proper skill set, I came to know that for successful trading, you must have a positive mindset and have to stay calm in every situation.

Short term traders lose more money than long term mind. The reason behind this is short term trader are less disciplined. Actually the 90% traders are not disciplined. They ignore the psychological aspects of trading. They run for a 100% proven system which actually doesn't exist.

When I was a beginner, I always used to be in a hurry of placing trades. I wanted quick profits. But after losing some trades, I realized that the forex market demands patience. Only those who trade with proper knowledge and patience can become successful traders.

It seems to me that at the initial stage of trading, everyone is in a hurry and makes mistakes because of this.

New traders indeed have to spend more time learning.

LyudmilLukanov posted:
New traders indeed have to spend more time learning.

Yes. proper learning is very necessary to make a good career.

This is a really natural process. When I started working with a broker, I also paid attention to the demo account.

In fact, these are emotions. Emotions usually run high on new traders. Therefore, the amount of their loss is also high.

I think that it definitely is made out to be that money comes easy to forex traders when it's really a lot harder. In the beginning, it's actually more important to focus on not losing money versus making a certain profit. Too bad that everyone can't start with that knowledge because it would save some heartache.