Nov 04 2021 at 12:27
Both method and discipline is important. First we need a good method then we need discipline to get success. Only method or discipline alone is not enough.
Nov 09 2021 at 05:17
A perfect method and discipline are required when trading in the financial markets, especially when it comes to Forex trading. Any small mistake can result in significant losses or missed opportunities.
Nov 09 2021 at 14:21
and method and discipline, I would say so, because both factors need to be applied in your work, they affect future results very strongly
Dec 04 2021 at 20:14
Discipline matters more on the market, however traders shouldn't underestimate the affection of methods on their trading activity. Of course, discipline is the foundation of any kind of trading system/strategy. If you have no discipline then perhaps you won't be succeeded in trading. The vast majority of traders prohibits this discipline and it leads to unpleasant consequences. In my opinion, if traders want to be successful then they have to learn how to comply with discipline. Only then they can think about methods.
Dec 04 2021 at 22:56
Discipline matters more on the market, however traders shouldn't underestimate the affection of methods on their trading activity. Of course, discipline is the foundation of any kind of trading system/strategy. If you have no discipline then perhaps you won't be succeeded in trading. The vast majority of traders prohibits this discipline and it leads to unpleasant consequences. In my opinion, if traders want to be successful then they have to learn how to comply with discipline. Only then they can think about methods.
This Guy is definitely spot on.
Sorry,,, Phyllis could be a she.
Sorry Love.
This Guy is definitely spot on.
Sorry,,, Phyllis could be a she.
Sorry Love.
Not Specified
Dec 05 2021 at 07:11
Kevin1628 posted:We need both to be a successful trader. Method is something, which relates to strategy. Traders may find a number of good strategies. All of them may be used to make money. However, a trader may not be able to make money by using those strategies if he is not disciplined. Discipline is needed. A good strategy without discipline is nothing.
I would like to start a discussion on whether Method or Discipline is more important in this market?
There are people who think that the right method will make you rich very quickly, but there are people who think that the method only accounts for 10% of your success, if you want to be the ultimate winner, you must be a man keep rule.
What is your opinion?
Dec 05 2021 at 17:12
Both methods and discipline are important. They are interrelated. You need both to be successful to Forex trading. Without a good strategy and discipline, it's not possible to make money.
Dec 07 2021 at 22:14
Discipline is a key to a trader’s success in forex.
Dec 08 2021 at 07:24
Yes, People should avoid getting intimidated by earning rapid money. This is a reason for many trader's demise. In their greed of making rapid money they lose their mind and take bigger risk than they can handle. And after bad trades all they can do is blame the market.
Dec 09 2021 at 20:05
Both method and discipline are important in trading.
Dec 16 2021 at 04:26
This question be like “ Whether heart is more important or blood?” You need a heart to pump blood and blood is needed to bring oxygen to all parts of the body and you need both to basically keep yourself alive.
In the same way you need a method to take right actions in your trading and without discipline you can’t follow your method. Both things go side by side to make trading successful.
In the same way you need a method to take right actions in your trading and without discipline you can’t follow your method. Both things go side by side to make trading successful.
Dec 16 2021 at 12:23
If you have got discipline, then only you can stick to the method. That's why both are equally important in forex trading.
Dec 16 2021 at 13:14
The trading task must be solved from the point of view of these two components. Method and discipline. If you see your problem in discipline, then it is likely the cause lies in the imperfection of your method and vice versa. Therefore, it makes no sense to consider what exactly is the most important part in manual trading.
If you trust your trading 100% to an Ea, then of course, its setup and methodology will be of key importance.
If you trust your trading 100% to an Ea, then of course, its setup and methodology will be of key importance.
@Marcellus8610
Dec 17 2021 at 19:27
I feel that both method and discipline are equally important for successful trading.
When we talk about method, i.e. trading strategy, we assume the theoretical knowledge of what to do something and how to do that. However, discipline is in charge of implementation this theory on practice. I mean that it is not enough just to know what to do, you should actually do the actions which are required in the current situation. Quite the same as you are ready to do something, but you don't know what to do. Neither of these approaches is able to bring any profits. So, in order to be a success on the market you should know and act.
When we talk about method, i.e. trading strategy, we assume the theoretical knowledge of what to do something and how to do that. However, discipline is in charge of implementation this theory on practice. I mean that it is not enough just to know what to do, you should actually do the actions which are required in the current situation. Quite the same as you are ready to do something, but you don't know what to do. Neither of these approaches is able to bring any profits. So, in order to be a success on the market you should know and act.
Dec 17 2021 at 19:38
As for me, both of these aspects play a rather important role. It is worth understanding and appreciating the importance.
Dec 18 2021 at 21:57
There is a lot of waffle going on here, does anyone speak the queens English,
If you have a strategy that is % outcome in you favour over the week/ month/ what are you winging about, as your half way there.
If you have a strategy that is % outcome in you favour over the week/ month/ what are you winging about, as your half way there.
Not Specified
Dec 30 2021 at 08:20
Every method is profitable if you know how to trade it and you must be disciplined.
Dec 30 2021 at 12:50
Akasuki
Every method is profitable if you know how to trade it and you must be disciplined
I agree with you on discipline, but the method/Strategy what ever you wish to call it MUST have an edge in your favour on the percentage wins verses loses.
So once you have your Strategy, Remember Trading is a Business an Occupation of work. (Not Gambling)
1.You wait for a trade set up.
2. Open your position. or (Positions if you average in to trades)
3.Stop , TP in place.
4.Win - Lose
Back again to number 1. and start again.
Trading should be Mundane , you are in full control of your emotions. You take the Wins and Loses
Win v Lose doesn't matter as your Strategy Edge (MUST) give you a positive £% outcome over the week-Month -Year.
Every method is profitable if you know how to trade it and you must be disciplined
I agree with you on discipline, but the method/Strategy what ever you wish to call it MUST have an edge in your favour on the percentage wins verses loses.
So once you have your Strategy, Remember Trading is a Business an Occupation of work. (Not Gambling)
1.You wait for a trade set up.
2. Open your position. or (Positions if you average in to trades)
3.Stop , TP in place.
4.Win - Lose
Back again to number 1. and start again.
Trading should be Mundane , you are in full control of your emotions. You take the Wins and Loses
Win v Lose doesn't matter as your Strategy Edge (MUST) give you a positive £% outcome over the week-Month -Year.
Not Specified
Dec 30 2021 at 22:39
I think both are intercorrelation, the trader need a good method and then also they need good discipline to implement the method, because good method if they cant discipline hence will also useless, it will reduce trading performance of the trading methodology.
Jan 05 2022 at 04:21
Method and discipline are important aspects of forex trading. A trader who lacks either will likely not be successful in the markets. The method is what a trader uses to make decisions, while discipline is the ability to stick to those methods despite losing streaks or tempting opportunities. Most successful forex traders have both in abundance, and it's what helps them overcome the many challenges they face while trading.
