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New and undisciplined traders

Jan 10, 2021 at 16:52
1,206 Views
37 Replies
Biedrs kopš   751 ieraksti
Jan 10, 2021 at 16:52
New and undisciplined traders always search for an entry. They sit before the chart all day long. Even there are some traders who can not sleep properly at night. It is very bad. Fix one or two trading sessions and search entry in those sessions in higher time frames.
Jan 10, 2021 at 19:43
Forex trading is not so difficult. If you have proper knowledge about the basics of forex you can easily make money from this market. If you don't have proper knowledge, you can learn all the basics of forex from a demo account.
Biedrs kopš   2 ieraksti
Jan 15, 2021 at 06:33
I agree that forex trading is not easy but it is also not that difficult that people don’t sleep for nights. Your health is equally important because health is truly your biggest wealth.
lovefortrading (perryjohn765)
Biedrs kopš   238 ieraksti
Jan 15, 2021 at 07:01
not always the new traders are undisciplined. there are few who start with few options but no doubt there are alot who wants to get rich overnight
Jan 16, 2021 at 17:59
perryjohn765 posted:
not always the new traders are undisciplined. there are few who start with few options but no doubt there are alot who wants to get rich overnight
There is no quickly get rich scheme in trading. Only those who work hard can be successful.
Jan 17, 2021 at 01:46
Discipline is just as important in our lives as it is in our trading. If a trader does not work to maintain discipline, he will never be able to trade successfully.
Elena Triston (ele020)
Biedrs kopš   219 ieraksti
Jan 18, 2021 at 03:54
UweMoench posted:
New and undisciplined traders always search for an entry. They sit before the chart all day long. Even there are some traders who can not sleep properly at night. It is very bad. Fix one or two trading sessions and search entry in those sessions in higher time frames.
Correctly explained. A trader needs to fix its trading strategy and time, unless, you are scalping you dont need to sit in front of your screen throughout.
The more your practice, the more you learn.
Biedrs kopš   21 ieraksti
Jan 18, 2021 at 16:12
You'd think it doesn't happen to traders with experience.
It's just that some move forward from day one, and some don't want to analyze their own work.
Jan 18, 2021 at 17:33
LeviSievwright5 posted:
Discipline is just as important in our lives as it is in our trading. If a trader does not work to maintain discipline, he will never be able to trade successfully.
To maintain consistent profit, traders need discipline and patience.
Biedrs kopš   23 ieraksti
Feb 11, 2021 at 11:52
Yes, setting a fixed time for trading is something traders should try to do since sitting in front of the screen all day gets stressful at times.
Feb 11, 2021 at 13:20
UweMoench posted:
New and undisciplined traders always search for an entry. They sit before the chart all day long. Even there are some traders who can not sleep properly at night. It is very bad. Fix one or two trading sessions and search entry in those sessions in higher time frames.

Completely agree. Set your time and your criteria and have the discipline to walk away when the time is up or your criteria is not met
Biedrs kopš   11 ieraksti
Feb 11, 2021 at 16:19
Higher time frames and focusing on exits rather than entries. That is where the money is
Feb 11, 2021 at 17:10
Newcomers usually can't control their emotions. That is why they cannot trade by maintaining discipline.
Biedrs kopš   31 ieraksti
Feb 18, 2021 at 12:04
New comers are mostly impatient, they should realise that success in trading requires patience and consistent practice.

Biedrs kopš   8 ieraksti
Mar 06, 2021 at 05:18
Marshshaun posted:
Well, I think it kind of depends on the person’s attitude as well. Like I started trading a little while back and I did encounter some emotion at the beginning but that wasn’t continued and showed into my trading. I am generally a quiet person so it helps me trade patiently.
That is great! I haven’t seen a lot of traders who say and experience this as a newbie. When I started trading, I began with demo accounts on Cityindex and Turnkeyforex. I was so disoriented and panicked over a lot of trades that were just on demos! Glad you’re better than that.
Biedrs kopš   330 ieraksti
Mar 06, 2021 at 09:43
Everything depends on trading knowledge. Profit is possible only if you have good trading skills.
Biedrs kopš   31 ieraksti
Mar 08, 2021 at 11:18
Beginners often come without any proper knowledge and consider Forex an easy way to make quick money, but little did they know that patience and knowledge are what makes trading much more effective.
Biedrs kopš   298 ieraksti
Mar 08, 2021 at 11:31
Even many old traders are undisciplined. This is one of the major reasons many people are losing money for a long period of time. They take a break and again invest money and again lose it.
Chelsea Blacks (blackChelsea)
Biedrs kopš   125 ieraksti
Mar 09, 2021 at 10:43
Absolutely right! New traders always remain in a hurry in making profits rather than focusing on learning. Getting green signals and making profits on forex demo accounts doesn’t mean that you are now pro, even experienced traders always try to explore new techniques to manage their risks. Focus on learning with skills. Rest experience will help you in the long run.
Mar 09, 2021 at 14:50
If you do not maintain discipline while trading, you will never be satisfied with trading profit. So first you have to maintain discipline.
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