Printable View
The success that a trader vital in forex trading Achieves, if we trade devoid of regulation, the formula is very simple: Trade with discipline and you will succeed; trade without discipline and you will fail.That is to say, we cannot remain our loss small and profit maximum.
Discipline must be need for forex trading success and i also believe it. As a newbie in forex trading i try to understand any kinds of rules and regulation because for forex success it is very much need. Forex trading is also a business so i follow some rules and i hope i always obeyed this rules.
One thing i know about trading with discipline is that one need to control his level of risk and money management and trade with money he can afford to lose and he should be looking at long term trading target and not just the short term
yeah I agree completely with your opinion, discipline in trading is necessary for us to apply and may lead us to achieve success in the trading business is that we can apply to discipline myself .. I believe it ..Quote:
Originally Posted by shaonmra
Good job ..
good rulees ma apki bate sa agary ho forex ko rules ma rake kar karye to forex ma hum kabi nakam nahi
ho gaya forex ma rules aur discipline ki bohat value ha hum ko in rulles ko follow karna chayea aur forex
koin rulles aur displine ma rahe kar karna chayea.
trading discipline is when you just make a few profit and wait for the next day or even just make less money and also try as much as possible to leave the best way possible.
In purpose to accomplish success, ofcourse they must following the rules & be always discipline. They must discipline with our trading process, if the signal gave for entry then they must entry & if the signal gave for exit then they must exit immediately. No tolerance or exceptional for any conditions.
When i started with trading forex spot market i thought that rules i dont need .. after several years of trading i found that basic rules are really important, thanks to human psychology, when you are under psychical pressure. (people under presure makes very big mistakes as me as well)
one of my rule is: Setup your SL a dont move it .. because when you dont use SL, you will be under big pressure, because you will have to thing when close positions, which are in loss and that is not positive ;)
Discipline may be a key issue out to succeed all of us apprehend. it carry a giant weight in forex too, however i guess a there will be bigger factors here in forex that carries a lot of weight compare out to it. knowledge is obligatory by way of example, even we utilize a well discipline trading approach, while not updating our knowledge or possessing a sensible knowledge as to the market we won’t happen as expected a lot of.
i can say a trader must have discipline in his strategy. He should follow his strategy strictly and he shouldn't change it at the midway without any proper reason, the discipline is such an important thing which is needed everywhere. The field of successful Forex trading is not anything extra ordinary. so please trader with discipline.