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New and undisciplined traders

TradeHut
Mar 08 2021 at 11:18
31 ieraksti
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.
Michihito
Mar 08 2021 at 11:31
298 ieraksti
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)
Mar 09 2021 at 10:43
125 ieraksti
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.
LeviSievwright5
Mar 09 2021 at 14:50
298 ieraksti
If you do not maintain discipline while trading, you will never be satisfied with trading profit. So first you have to maintain discipline.
alexre
Mar 09 2021 at 17:37
29 ieraksti
blackChelsea posted:
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.

I agree, however, it's not easy to keep trading with a demo for a lot of time without checking a real account. I think a loss with real money is inevitable and is part of the learning process. You cannot get the same experience emotionally with a demo account. I think it's even better to test with a real account only use a cent/nano account to represent a large account with the same feeling as trading a real account only with minimal (real) losses incase you go bust.
If it moves up and down, and I can sell and buy it, I'll trade it!
ChampChiri
Apr 30 2021 at 11:59
13 ieraksti
Any business, any job requires experience and time. And there is no need to rush things and expect everything to work out quickly and easily.
AliaDare
Apr 30 2021 at 17:35
788 ieraksti
If there is no discipline in trading, the amount of loss is always high. Discipline must be maintained if a consistent profit is to be made. How do I control money management, how do I control risk, and increase the ratio of profitability? These must be maintained.
Akasuki
May 01 2021 at 12:15
608 ieraksti
@AliaDare Yes you are right. To be successful in forex trading, discipline is very important. Discipline tells us when to trade and when to sit in the side bench. Every trader should work on their discipline.
AliaDare
May 01 2021 at 16:25
788 ieraksti
Akasuki posted:
@AliaDare Yes you are right. To be successful in forex trading, discipline is very important. Discipline tells us when to trade and when to sit in the side bench. Every trader should work on their discipline.
Thank you very much. To support me. Maintaining discipline is very important for successful trading.
noname1981
May 02 2021 at 03:45
4 ieraksti
SteveHanks
May 21 2021 at 17:45
536 ieraksti
AliaDare posted:
Akasuki posted:
@AliaDare Yes you are right. To be successful in forex trading, discipline is very important. Discipline tells us when to trade and when to sit in the side bench. Every trader should work on their discipline.
Thank you very much. To support me. Maintaining discipline is very important for successful trading.
Discipline is the most important thing in the forex market.
WaltonCharles
May 23 2021 at 20:16
144 ieraksti
Every new trader should choose a regulated broker from this market.
forextrader777
May 24 2021 at 03:34
133 ieraksti
I too trust in regulated brokers only because they are transparent and honest and ensure that trades are managed in a fair way.
lovefortrading (perryjohn765)
May 24 2021 at 17:22
238 ieraksti
a trader can trade anytime he want during the weekend but one has to set his own time and strategy
RobSchiz
May 24 2021 at 17:50
567 ieraksti
WaltonCharles posted:
Every new trader should choose a regulated broker from this market.
I agree with you. A good broker is the key to success in this market.
Chelsea Blacks (blackChelsea)
May 27 2021 at 15:24
125 ieraksti
Better to trade with those forex brokers who are regulated by good regulatory body. Trading with regulated forex broker brings some amount of peace in mind regarding safety of funds.
winifredbass
Jun 02 2021 at 13:01
20 ieraksti
That is right and it is probably for the best if they understand the importance of learning how to enter and exit the market as per a plan. Planning that becomes the responsibility of every trader and oftentimes the newbies tend to ignore this factor. Obviously the result then is a string of losses.
radioactive
Jun 02 2021 at 17:16
58 ieraksti
WaltonCharles posted:
Every new trader should choose a regulated broker from this market.
That's right. Regulated brokers ensure safety of funds as compared to unregulated ones.
Alexthetrader
Jun 03 2021 at 07:24
64 ieraksti
New traders should never ignore the following characteristics:

Patience - Don’t risk jumping into forex trading too early.
Persistence - Learning how to trade forex takes a lot of time.
Detached attitude - You cannot let emotions run your trades.
A hunger to learn - As a forex beginner, you should be more interested in learning than making money.
Know your limits - You need to know when to stop trading and take a break.
MasterMove
Jun 03 2021 at 12:42
35 ieraksti
Alexthetrader posted:
New traders should never ignore the following characteristics:

Patience - Don’t risk jumping into forex trading too early.
Persistence - Learning how to trade forex takes a lot of time.
Detached attitude - You cannot let emotions run your trades.
A hunger to learn - As a forex beginner, you should be more interested in learning than making money.
Know your limits - You need to know when to stop trading and take a break.

That's very important factors which you have talked about. A trader should also maintain a trading journal in order to get to know how well his trading is going.
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