Most traders are impatient

Most traders are impatient and undisciplined. They want to make profit very quickly and that too without proper knowledge and skills. No well defined plan, they just do some random trading. And they are not willing to learn.

Emotions are a trader's worst enemy. Today, if I have a losing trade, I stop my trade for 24 hours to calm down completely.

Aurisida posted:
Emotions are a trader's worst enemy. Today, if I have a losing trade, I stop my trade for 24 hours to calm down completely.

Taking a break from trading is helpful to claim and clear your mind.

He can never be a successful trader if he does not have patience in trading. Successful trading requires a lot of patience with discipline.

AliaDare posted:
He can never be a successful trader if he does not have patience in trading. Successful trading requires a lot of patience with discipline.

If you can survive long in this market, you can eventually become successful. So, be patience.

Yes, it's true. Even i was impatient but as the time passed by i understood there is no point of becoming impatient as forex trading is not a get rich quick scheme and one should trade with calm mind.

Most traders lack patience. This is why they can't run towards success. So if you want to achieve success in training, you have to show patience.

Trading profit gain is never possible without patience. Most traders lose because they have very little patience.

Indeed, patience is the tool that can help us get things done.

Success is not easy here; in my 1st year of trading I struggled a lot, but I didn’t lose my learning interest; as a result now I am making a decent amount of money! On the other hand, till now I am working on my trading skill.

I’m not sure I can relate because I’ve been trading for 4 months now and I’m starting to get agitated with it. The demos are boring after a while but I’ve read they are important so I was trying.

Everything takes its own time, the more positive you feel about trading and derive benefits from it, the faster you can start making a profit.

starmyth posted:
I’m not sure I can relate because I’ve been trading for 4 months now and I’m starting to get agitated with it. The demos are boring after a while but I’ve read they are important so I was trying.

Demos are very useful, if they are boring, then you are doing it wrong.

Yes, having patience is very necessary to be successful in Forex trading. If you have patience and skills both then it will be easy for you to be successful in Forex trading.

When you are trading with demo account , there is no pressure , and you do many things different. It is much better to train with very small real account than with demo.

I agree a small real account is the best way to really learn and make it stick. Who cares about losing $100,000 demo money

Yes most traders do not have enough patience. They want to get rich in a short period of time. As a results they become restless and open so many unnecessary trades and lose money.

Most traders are not able to maintain discipline. I also could not maintain discipline at one time. Later when I saw that the percentage of my loss was high, I tried to maintain discipline with the plan.

Yes most of the new traders are impatient, most of them are new beginners and come here in order to make instant profit only, only few are there who want to learn.