New and undisciplined traders

Jan 10, 2021 at 16:52
1,670 Просмотры
32 Replies
Участник с Jul 19, 2020   751 комментариев
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.
Участник с Jul 19, 2020   318 комментариев
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.
Участник с Sep 12, 2017   238 комментариев
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
Участник с Jul 23, 2020   759 комментариев
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.
Участник с Jul 20, 2020   298 комментариев
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.
Участник с Apr 15, 2020   219 комментариев
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.
Участник с Jan 01, 2020   21 комментариев
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.
Участник с Jul 23, 2020   869 комментариев
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.
Участник с Jul 20, 2020   399 комментариев
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
Участник с Feb 14, 2019   11 комментариев
Feb 11, 2021 at 16:19
Higher time frames and focusing on exits rather than entries. That is where the money is
Участник с Jul 20, 2020   298 комментариев
Feb 11, 2021 at 17:10
Newcomers usually can't control their emotions. That is why they cannot trade by maintaining discipline.
Участник с Feb 04, 2021   31 комментариев
Feb 18, 2021 at 12:04
New comers are mostly impatient, they should realise that success in trading requires patience and consistent practice.

Участник с Feb 04, 2021   31 комментариев
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.
Участник с Jul 19, 2020   298 комментариев
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.
Участник с Jan 22, 2021   125 комментариев
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.
Участник с Jul 20, 2020   298 комментариев
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.
Участник с Jul 31, 2009   29 комментариев
Mar 09, 2021 at 17:37
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!
Участник с Nov 12, 2020   13 комментариев
Apr 30, 2021 at 11:59
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.
Участник с Jul 19, 2020   788 комментариев
Apr 30, 2021 at 17:35
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.
Участник с Mar 28, 2021   617 комментариев
May 01, 2021 at 12:15
@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.
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