Mistakes to avoid for beginners / Lack of Discipline.

[sayidatul]

Create planning and after that trade with sensible discipline and patience.. Planning is much like the blue print and guide in the event the trader within the market then they actually can determine what ought to they actually do in there,. And likewise there are a handful of choices in the event the planning isn't work...

[rudolf]

in any work discipline is so important as plan.it is common to beginners that they trade in undisciplined way. if a person enter in the market should maintain the rules of the market. a beginner usually trade in a random way but he should have maintain time frame, indicators and money management.

[fxmoney]

in trading you should always get disciplined in the market or else you just loose your kway and become the wiorst thing in the market by becoming a low looser .

discipline is very much important when you are dealing with money in any market. so you must have to assess the risk so that you will easily understand that what amount of money you have to keep for risk and you will not lose more than that. so you must have to follow such rules while trading.

[kuku]

in trading you should always get disciplined in the market or else you just loose your kway and become the wiorst thing in the market by becoming a low looser .

[rubel.88]

In my experience that discipline in forex trading is that every day you sit in the market and analysis the market and take trading decision on the basis of your analysis. You follow always all rules of trading, never frustrated and control emotion. good job............................................... .............................

[coldmoney]

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.

Your article is interesting, the new trader having a lot of errors and mistakes when they start their trading path, due to their lack of understanding and knowledge required.Discipline is one of the things that they need to learn and accumulate in trading.trader normally have several years of trading may also lack the discipline ....

[ken arok]

Do not repeat the same mistakes. discipline is very important, the key to successful trading is discipline. but it is very difficult to be disciplined. you can trade with the robot and can be disciplined trading, manual trading usually have problems with emotional control

[fxmoney]

Those trader who are in discipline really able to make good profits from their trade so you must have to follow the same path then you will able to make same profits as well. so Following rules is very much important if you have to gain from the forex trading.

[andi_lan]

luck can happen to be able to make a profit, but more discipline have a greater chance to earn more profit, because the discipline can be consistent in implementing strategy and we can use our skills well while luck can not be consistent in profit.

[prince41]

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. thanks.............