Trade discipline

Aug 09, 2020 at 17:41
1,381 Views
32 Replies
Biedrs kopš   20 ieraksti
Aug 09, 2020 at 17:41
In every business, there are a number of predefined factors, without which your destination will never be reached. This is also true for Forex. Trading time, the money to invest in, stop losses, take advantage, etc. are some important factors. Each item in the forecast must be analyzed on the basis of proper business discipline. Set your targets every day and never trade after the targets have been reached.

Aug 10, 2020 at 08:54
If you want to make money from this market consistently, you need to be disciplined. This is a risky market. If you can not be disciplined with your profession you can not succeed.
Biedrs kopš   788 ieraksti
Aug 10, 2020 at 10:07
The best thing to do is to set a goal in trading. If your goals are not right, you will never succeed. You have to trade according to the plan. I am not just saying trading, you need a plan if you want to do anything. Because nothing is possible without a plan. If you set a regular stop-loss that hits the stop loss you will not open the trade that day. And you have to set a target every day, do not expect more than the target. All in all, if you want to make a consistent profit, you need to maintain discipline and trade.
Biedrs kopš   20 ieraksti
Aug 10, 2020 at 12:00
Thank for your replay
Biedrs kopš   98 ieraksti
Aug 10, 2020 at 12:40
setting goalposts is important. if you dnt achieve, go back and see WHY, take the time to understand why things didnt go to plan befor you delve in again.
Biedrs kopš   35 ieraksti
Sep 07, 2020 at 06:01
Discipline is everything in forex, more important than I reckon it is in other sorts of jobs or businesses. One emotionally wrapped trade and you can see your loss string initiating.
Biedrs kopš   81 ieraksti
Sep 08, 2020 at 04:37
Trading discipline must be developed from the very beginning, because then it will be difficult to rebuild.
Biedrs kopš   63 ieraksti
Sep 08, 2020 at 06:57
I do agree that discipline should be developed in the beginning, but how would they know and be ready for that? That is an important statement to be made.
Sep 10, 2020 at 08:09
Stick to a prove trading method.
Sep 10, 2020 at 09:10
The 10 golden rules of forex trading
1. Avoid forex trading software that claims to guarantee returns
2. Always use a demo trading account
3. Forex trading can be highly stressful – avoid emotional trading
4. Invest in a solid forex education
5. You can learn to trade forex successfully
6. Manage your forex capital wisely
7. Manage your investment-per-trade wisely
8. Use common sense
9. Ensure you use risk protection strategies at all times
10. Be especially cautious about overextending yourself with leverage
Biedrs kopš   232 ieraksti
Sep 10, 2020 at 11:27
Yes, you are right. To make money fro this risky market you have to be very disciplined.
Biedrs kopš   52 ieraksti
Sep 11, 2020 at 07:13
Gracewilson1995 posted:
The 10 golden rules of forex trading
1. Avoid forex trading software that claims to guarantee returns
2. Always use a demo trading account
3. Forex trading can be highly stressful – avoid emotional trading
4. Invest in a solid forex education
5. You can learn to trade forex successfully
6. Manage your forex capital wisely
7. Manage your investment-per-trade wisely
8. Use common sense
9. Ensure you use risk protection strategies at all times
10. Be especially cautious about overextending yourself with leverage

Good points!
Biedrs kopš   63 ieraksti
Sep 11, 2020 at 07:42
Gracewilson1995 posted:
The 10 golden rules of forex trading
1. Avoid forex trading software that claims to guarantee returns
2. Always use a demo trading account
3. Forex trading can be highly stressful – avoid emotional trading
4. Invest in a solid forex education
5. You can learn to trade forex successfully
6. Manage your forex capital wisely
7. Manage your investment-per-trade wisely
8. Use common sense
9. Ensure you use risk protection strategies at all times
10. Be especially cautious about overextending yourself with leverage

This is very nice pointers to remember. Thank you for posting them
Biedrs kopš   341 ieraksti
Sep 11, 2020 at 17:15
Discipline is very important if you want to survive in this risky market and want to make money from this market.
Sep 15, 2020 at 19:21
Gracewilson1995 posted:
The 10 golden rules of forex trading
1. Avoid forex trading software that claims to guarantee returns
2. Always use a demo trading account
3. Forex trading can be highly stressful – avoid emotional trading
4. Invest in a solid forex education
5. You can learn to trade forex successfully
6. Manage your forex capital wisely
7. Manage your investment-per-trade wisely
8. Use common sense
9. Ensure you use risk protection strategies at all times
10. Be especially cautious about overextending yourself with leverage
Very nice. It will help all the traders to easily remember all the points to trade in the fprex market.
Sep 16, 2020 at 01:48
Some Important Rules of Forex Trading Discipline

1. Money management
2. Risk management
3. Trade management
4. Trading plan
5. Good strategy
6. Always use stop loss
7. Market context
8. Trading without emotions
9. Stay away from greed and fear
10. Do regular meditation
Biedrs kopš   78 ieraksti
Sep 16, 2020 at 03:48
The recommendations are really very sensible, all the points are weighty enough to start trading
Biedrs kopš   55 ieraksti
Sep 17, 2020 at 07:34
LeviSievwright5 posted:
Some Important Rules of Forex Trading Discipline

1. Money management
2. Risk management
3. Trade management
4. Trading plan
5. Good strategy
6. Always use stop loss
7. Market context
8. Trading without emotions
9. Stay away from greed and fear
10. Do regular meditation

These are some really good points for disciplined trading. Really shouldn't miss out on any point.
Sep 22, 2020 at 18:58
If you wan to become successful in this market, discipline is very much important.
forex_trader_1786937
Biedrs kopš   142 ieraksti
Sep 23, 2020 at 15:24
Discipline is the key to success, nothing more,nothing less, if i was not disciplined, I could not be trading with private funds bank.They only take disciplined traders.
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