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New and undisciplined traders

SteveHanks
May 21 at 17:45
357 inlägg
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 at 20:16
128 inlägg
Every new trader should choose a regulated broker from this market.

forextrader777
May 24 at 03:34
84 inlägg
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 at 17:22
238 inlägg
a trader can trade anytime he want during the weekend but one has to set his own time and strategy

RobSchiz
May 24 at 17:50
354 inlägg
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.

blackChelsea
May 27 at 15:24
65 inlägg
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 at 13:01
20 inlägg
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 at 17:16
47 inlägg
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 at 07:24
45 inlägg
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 at 12:42
19 inlägg
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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