discipline in Fx

ElliotCooke posted:
Making money from this market is not so easy. You need to be disciplined enough to make a profit from this risky market.

Totally. Being disciplined is what helps a trader maintain his calm and make rational decisions.

Being disciplined is the most important characteristic for any kind of success

There should be discipline in everything - in training, in trading, and in developing your strategy.

Duktilar posted:
There should be discipline in everything - in training, in trading, and in developing your strategy.

Easy to do in the short term. Difficult in the long term, especially if you are not making profit.

If you want to become a good trader in this forex market, you have to be disciplined in your trading.

Demo account generally is more appropriate to ensure the basic fundamental market experience which is very supportive to continue a live account in a proper way , but not appropriate to make sure brokers performance but shortly you can understand how the broker works.

Be a long distance runner and not a sprinter, that's what i can say to develop discipline in trading.

Discipline is a must for every trader, be it a beginner of an experienced trader. No matter how good your plan is, but if you're not able to execute it properly, then there's no fun. And discipline is what helps you do good execution while trading. Staying calm and not letting any stress and panic affect you is very important.

I would say being disciplined is one of the most important steps of being successful in forex.

If you can't maintain discipline, you can never succeed in trading. To be successful, you must maintain discipline.

When you are disciplined, you are calm and make better decisions. Decisions that are made in haste never work.

Forex is the platform where you can earn a big amount of money. But to earn money you need to have proper knowledge and experience. Otherwise, you will lose all your money in this market.

RobSchiz posted:

AliaDare posted:
If you can't maintain discipline, you can never succeed in trading. To be successful, you must maintain discipline.

Yes. True. If you can maintain the discipline, it will become easy to be a successful trader in this market.

Thank you so much for agreeing with me. When I was a new trader, I used to create trading formulas without maintaining discipline. Which made me lose a lot in trading. But since I started trading according to discipline and plan, I have been able to make consistent profit from Forex.

Willemcurtis posted:

Tremblay posted:
Forex is the platform where you can earn a big amount of money. But to earn money you need to have proper knowledge and experience. Otherwise, you will lose all your money in this market.

Smart and wise traders always enter with just 2% of the capital without risking more than that. Even though it’s a conservative approach, it does limit the risk.

hat’s the catch. Brokers will always come up with enticing high leverage along with crazy margin levels. But that doesn’t mean you should dive right in with your money at stake.

Having good discipline is necessary to be successful in Forex trading, so if you lack in discipline it will difficult to make a good profit in Forex.

Discipline is an important characteristic that every trader should try to focus on while trading.

anneyates posted:
Discipline is an important characteristic that every trader should try to focus on while trading.

I also agree. Without discipline, it is hard to achieve success in the market.

Dictiony posted:
Having good discipline is necessary to be successful in Forex trading, so if you lack in discipline it will difficult to make a good profit in Forex.

Yes, you are right. It is never possible to make a profit without discipline. If I have to maintain discipline and trade then I can only get financial support from trading.

Discipline really makes it possible to get away from many of the mistakes and risks that come with trading.