If a trader is not disciplined in forex trading, then they should know that they have failed in their trading. Discipline works alongside knowledge to make a forex trader to be complete.
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discipline and greed are a lot of the talk on this forum, because the two properties are very influential on our trading results, if we are greedy will certainly jeopardize our trading so is the discipline, and therefore we must be disciplined and greedy nature of our control so that the results of trading we satisfy.
I want to be tell the newbie of forex trading that if you want to be get the profit from forex trasding business you must need to be follows the rules and discipline of forex trading, its better for you and your trading.
In forex trading its very important that to obey the rules of trading forex because when ever you follow the rules you feel more comfortable and its better way to grow up the business and to maintain the company for long term run.
discipline indeed the only flaw that money traders fails to obey. this simple word would mean everything in forex market. you won't able to develop any good strategies without it. cause only discipline that allow you to be able analysze the strategies better, and know it's maximum performance.
Rules are the basic part of a successful trading, and if you are trading in forex market then you should be obey the rules and be a discipline person. without any rules and regulation you can,t do any thing.
The basic thing is that you have to make most of these rules for yourself and they form part of your trading plan. For instance what time frame you use to trade, what lot size you risk per trade, what signals you consider as the perfect entry signal. Then you have to discipline yourself to make sure that you do not violate these rules that you have set down for yourself.