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New and undisciplined traders
May 01, 2021 at 16:25
Mitglied seit Jul 19, 2020
788 Posts
Akasuki posted:Thank you very much. To support me. Maintaining discipline is very important for successful trading.
@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.
Mitglied seit Oct 23, 2013
4 Posts
Mitglied seit Mar 17, 2021
536 Posts
May 21, 2021 at 17:45
Mitglied seit Mar 17, 2021
536 Posts
AliaDare posted:Discipline is the most important thing in the forex market.Akasuki posted:Thank you very much. To support me. Maintaining discipline is very important for successful trading.
@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.
Mitglied seit Sep 12, 2017
238 Posts
Mitglied seit Jan 22, 2021
125 Posts
Mitglied seit Sep 07, 2020
72 Posts
Mitglied seit May 27, 2021
64 Posts
Jun 03, 2021 at 07:24
Mitglied seit May 27, 2021
64 Posts
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.
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.
Mitglied seit May 31, 2021
35 Posts
Jun 03, 2021 at 12:42
Mitglied seit May 31, 2021
35 Posts
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.
Jun 05, 2021 at 06:59
Mitglied seit Mar 28, 2021
617 Posts
Number one biggest mistake new trade commits is they treat forex trading as a money machine. Open trade and make profit. They think it is the easiest job in the world. But in reality you need profound understanding of the market. My advice to new trader is gain necessary knowledge and skills.
Mitglied seit Sep 12, 2017
238 Posts
Mitglied seit Mar 17, 2021
536 Posts
Jan 07, 2022 at 19:02
Mitglied seit Nov 01, 2020
10 Posts
There can be lots of mistakes in the very approach to trading of the beginner. I do totally agree with the statement that high expectations may ruin your budget quite easily and fast. That is why before coming to forex everyone should understand that they need to work really hard to achieve success, otherwise, they will definetely and inevitably fail.
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