Mistakes to avoid for beginners / Lack of Discipline.

[Chow.ash]

i don't know about this.Now a days many people are talking about the diciplan but i did not find any thread or post yet which define the reality that how to maintain the disciplan and some times it become difficult because seniors did not share their success stories. If seniors do this than forex become more easy for us.

[fxmoney]

beginner can not work on discipline.then they get profit,at that time they increase lots volume,result is opposite,they loss all gained profit.beginner need patient and skills about for to get success.

They do the same thing but they must have to avoid the greed that they try to catch lot of profit from their trades. if they are able to avoid this then they can easily make consistant profits from their trades. so they must have some patience while trading in the forex market.

[waseem]

beginner can not work on discipline.then they get profit,at that time they increase lots volume,result is opposite,they loss all gained profit.beginner need patient and skills about for to get success.

[himelbf]

Foreign exchange market needs to be individual and delay during the period to train and learning, training and adhere to you and give you the self-discipline is the key to ongoing success, and allows you to proceed.

[Ryad]

Lack of discipline will end your account into a blown one.. If you do not trade with good discipline and trade like as if forex is a gambling market, then you will face the reality of traders who keep losing all the time no matter how much and how often they invest.. In forex, there are some rules to be followed for all traders excluding the rules of your entry and/or exit strategy.. If you follow the rules of the market, you will profit most of the time and the profits will cover the losses..

[edomz]

I agree with you. sometimes lack of the discipline to make us fall in the forex trading. indiscipline such as overly emotional in making decisions. and not thinking rationally. it all makes us lose control.

[Chow.ash]

it is good thinking.Now a days many people are talking about the diciplan but i did not find any thread or post yet which define the reality that how to maintain the disciplan and some times it become difficult because seniors did not share their success stories.

[executor]

A trading plan is only of value if you have the patience and discipline to follow it. Follow his trading plan is difficult, it is undeniable, but it is a prerequisite to succeed in trading on the currency. While exchange rates change, you will be taken quickly in the market and you may, at any time to lose your control and make irrational decisions that do not match your original trading plan. For example, if rates move upwards, exceeding your original order take-profit, you will be tempted to hold your position any longer to benefit from rising. The opposite pattern works in the case of a rate cut. However, is that such scenarios make sense? Indeed, if you took the time before entering the market, to establish levels of loss and take-profit, how market conditions have also come to change abruptly to negate your original goals ? Are you sure you not rather act out of emotion, believing collect a uptrend or a downtrend that does not really exist?

That's why a trading plan is essential: it allows you not to get overwhelmed by your emotions, especially during periods of high volatility.

Of course, a trading plan may be amended, depending, for example, your overall objectives. However, do not change your trading plan in action.

Finally, it should be understood that the best trading plan is sometimes ineffective in times of high volatility. Sometimes it's better to temporarily withdraw from that market to flog a dead horse.

Discipline is our responsibility to carry out trading plan. Discipline is a rule that should never be violated. If we ignore, will have a major impact on the development of our capital. In fact, risk capital will run out, if we are lax in discipline, and this is proof that we are not consistent.

[Belal87]

Discipline it is the key to successdul in trading forex market. Some new traders think that they can earn money easy with demo account, they will do well with real account.

[Bankmen]

traders must think about strategy how to use in market but there is problem with some patiente in trading to make money, some strategy can works some time but after that it is only losers thing.