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New and undisciplined traders

TradeHut
Mar 08 at 11:18
31 poster
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 at 11:31
298 poster
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.

blackChelsea
Mar 09 at 10:43
60 poster
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 at 14:50
298 poster
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 at 17:37
29 poster
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 at 11:59
4 poster
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 at 17:35
509 poster
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 at 12:15
158 poster
@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 at 16:25
509 poster
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 at 03:45
4 poster
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