Patience is best tool to get success

Patience is a key part of being successful. Newbies have a tendency to make impulsive decisions in order to make huge profits, but they often end up making a loss since they are unfamiliar with forex trading patterns. So, they should try to be more patient when trading in forex.

Patience is an essential trait that all traders must possess. The forex market is full of surprises, and you may never know what will happen next. Also, the learning curve to become a forex trader is not straight. Many times traders feel difficult to cope with their emotions. Thus, having patience becomes essential if you want to be successful.

Patience is very important yes, alongside other necessary factors like discipline.

Patience is indeed the best tool but unfortunately some new traders are lacking in this aspect. They are used to the instant gratification that they get with just one click. Thanks to the video games and social media culture. They enter the forex market with the motive of making quick and easy money but end up losing because of their impulsiveness. I really wish that new traders would understand that Forex trading is not a shortcut and will focus on putting efforts into getting success in the long run.

patience is really important no way to deny , but as a newcomer to keep patience is really difficult.

Patience is such a great virtue. But how many of us are willing to be such patient, especially in this day and age of instant gratification.

Of course, it is. People fall prey to the dirty net of greed, which often results in loss. Patience is one of the most important virtues here, but how many are willing to be patient in this day and age of instant gratification?

100%. In no other vocation would you have students skipping the study and practice to jump straight in. That's purely down to the fact this is the business of money.

Patience is important but it is difficult to get the balance right. If you are too patient then you will miss opportunities then get frustrated and possibly end up taking bad trades.

Everyone always talks about how newbies should learn everything about the market, but they forget to mention how important the art of being patient is. You can trade successfully and win, but without patience, you won’t be able to make long term trades and after a while, short term trading will get too frustrating. Hence, patience is as important as any other skill while trading.

Davidfx89 posted:
learning is important but besides this you should focus on practice session , otherwise any kind of learning can be useless.

Well said

An important aspect of trading successfully in a constantly changing market environment is the ability to have patience in adjusting oneself in order to make consistent profit-making trades. You can sit back a bit and wait for the right trading setup.

patience is important it true but besides this discipline is also important.

Only through patience will you learn and then, you’ll be able to generate a tad bit as you move along the process. Newbies who expect quick results lose immediately. So, stay patient and understand the market fluctuations and base decisions according to the shifts and trends to earn profit and minimise risk.

Patience is one of the best friends of trading. We often forget to be patient and lose. If you remain patient, you will not experience issues such as overtrading, chasing losses and so on. Moreover, you can ensure long-term trading if you practice patience because trading is a long-term game.

Patience will be tested as you enter the market and start losing. You need to keep going even though you feel disheartened. Pick yourself up and make the most of the opportunity. Do not give up.

You need patience to be able to collect enough data to indicate if you are banging your head against a wall or not. Equally when learning you need the patience to understand that you won't be making money anytime soon.

Dictiony posted:
Patience is a very best and useful tool to get success because if we have no patience in our self then we can become greedy and definitely we can face big loss and different problems thats why we have to stay cool and positive and be patience in this way we can get good profit and we can become a professional trader

Forex trading definitely requires a lot of patience and mindset is key

Most traders are too eager to jump in and trade whenever any opportunity arises. This is probably due to our human nature and the eagerness to make a “quick move”. But if there is one thing that ensures a high probability of winning, it is having the patience to grasp all the necessary information before you trade. This apparently will take time as there are many factors involved in it, such as the forming of trends, trend corrections, highs and lows. Impatience to look at these matters could result in loss of money. It could be helpful sometimes to take a break, allow oneself to have the time to look at the bigger picture, instead of focusing too much on one aspect.