as discipline practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
Mohammadi posted: as discipline practice is important and for that demo is a good choice , but i dont like this, i always try to maintain live account with minor balance . its supportive to acquire live knowledge and experience.
Maintaining the discipline is very important in this market.
Disciplined traders are mature traders and mature trading means confidence through knowledge and skill. Forex is losses, but your confidence can give you a competitive edge. You can protect your account through money management and risk management, and your learning will make you a more measured trader.
Discipline is the key to success in forex market, but it is very hard to reach. There are so many temtations and emotions during trading, and a trader should pull themselves together in order not to let emotions interfere in decision making process. It is an open secret that emotions lead to the loss of the budget. So, in order to avoid this negative situation, you've got to be disciplined.
Discipline and forex tradding are inexctricably connected with each other. There are no successful forex trading activity without discipline actually. I'm not talking about physical discipline, like complying with trading regimes and so on. I also take into consideration mental discipline which implies stable mentality, clear mind and conscious actions. In my opinion, there are plenty of traders nowadays who are tend to neglect this rule and from tim to time it leads them to failure. We all know that mistakes can help traders to become more successful, then ones who don't want to comply with discipline, will once face its consequences.
Discipline and patience are essential when trading Forex. Many traders make the mistake of trying to 'time the market' and end up losing money in the process. A disciplined trader will stick to a plan, regardless of the market conditions. This is essential for long-term success in Forex trading.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.