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alright thanks very much well in other to be a very good and discipline forex trader i think we have gotten the best direction to follow and i know this will be of a very good way to understanding the qualities of a good traders and i will also like to include that a very good and profitable forex trader never trade without confirmation
Trade with planning discipline. Sure that you have a plan before you start trading. Plans should include therein stop and limit levels for the trade, as your analysis should cover the bottom of the expected upper hand as expected. Always put a stop loss and take profit targets is a form of discipline, as well as before entry to see a momentum and pullbacknya. Always observe the fundamental and technical discipline is very important in determining policy. ..Quote:
Originally Posted by shaonmra
Trading discipline is the core of trading business regarding the success. Well disciplined trader must trade in a proper rules, with better understanding, thus gets success mostly.
Yes you are right my brother by saying trade with discipline you succeed and trade without discipline and you fail over and over again till you master the act of trading with discipline. This means that forex is not a problem but we that are trading is the problem and unless individual trader have victory over self by trading with necessary psycology,there can't be success.
One of the keys to being a good forex trader, is discipline.....Self-discipline is to some extent a substitute for motivation..
have a good trading rule will not be maximized without having good emotional control trading. if profit was probably just a coincidence and then very risky to lose. profits ****ually and consistently betterQuote:
Originally Posted by dech2003
There is no doubt that discipline has a great role in forex trading success. Money management, emotion controlling, satisfying with expected profit, loss percentage etc and more other factors that helps a trader to follow always in trading success are related with discipline. So we should abide by the discipline while trading.
you have got a point. disciplined trading is very much needed in order to sustain any kind of losses. often happens so that may be we risked too much in a trade and faced losses, so we hope that we will make it up by risking bigger for just once... well, you lose again.
I think we should take discipline as habit then we don't have a burden to do discipline as well. If we don't have discipline with the trading system and trading plan then we will easiely to get loses and end up with margin call for our account.
you are absolutely right man. discipline in trading forex, I think is the most important. This discipline will help us better able to regulate the trade that we made in accordance with the trading plan. a lot of traders who are afraid to make the risk of loss that he often lost their capital.