Discipline is the most basic thing

Oct 28, 2020 at 12:51
1,832 Views
29 Replies
Member Since Jul 19, 2020   751 posts
Oct 28, 2020 at 12:51
Discipline is the most basic thing for getting desired success in forex. Among all the successful traders discipline is the common quality they all have. It doesn't have any kind of effect which approach you utilize, you ought to be trained.
Member Since Jul 20, 2020   341 posts
Oct 28, 2020 at 15:26
Making money is not an easy thing in the forex market. To make profit from this market you definitely need discipline.
Member Since Oct 28, 2020   1 posts
Oct 28, 2020 at 20:20
You're both right. Something I have been struggling with but continuously working on
Let the winners run. Cut the losses short.
Member Since Jul 19, 2020   788 posts
Oct 29, 2020 at 00:35
It is not possible to create a good strategy without discipline. Discipline is needed to make a trader perfect. Many traders cannot make a profit by trading for a long time because of a lack of discipline among them. Plan and discipline are an important part of trading.
Member Since Jul 19, 2020   298 posts
Oct 29, 2020 at 11:56
Yes discipline is the most important thing in trading after a good trading strategy. There are many good analyst who are doing bad due to lack of discipline. It's hard to be discipline where market is moving all the time.
Member Since Jul 23, 2020   759 posts
Nov 01, 2020 at 06:09
ElliotCooke posted:
Making money is not an easy thing in the forex market. To make profit from this market you definitely need discipline.
Discipline impact mostly at trader’s decision making. Lack of discipline can hamper your perfect trading plan.
Member Since Jul 19, 2020   318 posts
Nov 03, 2020 at 17:00
I agree with you. Without discipline in trading, it is very tough to make money in the forex market.
Member Since Aug 03, 2019   38 posts
Nov 04, 2020 at 06:31
Discipline is indeed very important for trading. It keeps a trader in limits and brings in success over time.
Member Since Aug 06, 2020   1 posts
Dec 01, 2020 at 08:11
Discipline and consistency are some concepts am tirelesly working on
Member Since Jul 23, 2020   869 posts
Dec 08, 2020 at 17:36
Gareylinn509 posted:
That’s true. Discipline and consistency are the two most important things that play a huge role in your trading career.
I think Discipline is one of most essential aspects to make consistent profit in trading.
Member Since Jul 19, 2020   788 posts
Dec 09, 2020 at 00:31
Discipline is very important in trading. Without discipline, it is never possible to make a trading profit. The discipline of every trader should be maintained. It is possible to avoid unexpected losses.
Member Since Jun 22, 2020   77 posts
Dec 09, 2020 at 06:48
Mateusz36354 posted:
Discipline is important. She will help you make the right decisions and protect you from rash deals.
Did you just assume their gender!?

Joke aside, yes discipline is a very important trait which is useful in helping and making the right decision.
Member Since Nov 19, 2020   104 posts
Dec 09, 2020 at 07:25
Basic but one of the most important aspects for sure. Without a proper disciplined approach, it is not easy to get success in forex.
Member Since Jul 20, 2020   341 posts
Dec 28, 2020 at 20:18
A trader should focus on earning money from this market. For that, he has to make a good and profitable plan. A good plan can make him rich.
Member Since May 13, 2020   128 posts
Dec 29, 2020 at 19:26
Only by consistently following the developed rules and regulations can you achieve regular growth in profits.
Member Since Dec 21, 2020   17 posts
Dec 30, 2020 at 08:06
Stonesong posted:
Only by consistently following the developed rules and regulations can you achieve regular growth in profits.

Well said. Consistency is the key. Following rules for a short period serves no purpose. We must try to follow rules as per our needs consistently.
Member Since Jun 12, 2021   132 posts
Aug 09, 2021 at 07:10
in spite of having most powerful analyzing discipline the result of trading can be useless if there is no regular level of practice. so we the traders should focus on practice level.
Member Since Jul 07, 2021   41 posts
Aug 09, 2021 at 11:24
You need discipline to spend enough time analysing, checking charts etc, to be able to make an informed decision that has good potential to lead to profits. You also need discipline to control your mind to think in a focused way not with emotions.
Member Since Jul 19, 2020   788 posts
Aug 11, 2021 at 01:15
RobSchiz posted:
AliaDare posted:
Discipline is very important in trading. Without discipline, it is never possible to make a trading profit. The discipline of every trader should be maintained. It is possible to avoid unexpected losses.
Yes. Discipline can make you the best trader.
Of course, discipline is capable of turning a trader into a successful trader.
Member Since Mar 17, 2021   536 posts
Aug 15, 2021 at 08:37
mab8 posted:
You need discipline to spend enough time analysing, checking charts etc, to be able to make an informed decision that has good potential to lead to profits. You also need discipline to control your mind to think in a focused way not with emotions.
Without discipline, no strategy will work in this market.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.