ROLE OF DISCIPLINE IN TRADING - Page 4
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Thread: ROLE OF DISCIPLINE IN TRADING

  1. #31
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    Quote Originally Posted by shivanandfx View Post
    With discipline we just need to use our knowledge and get rewarded in Forex trading. A trader can make Forex trading as his only major job if he is confident with his knowledge and skill in doing profitable trades. And it apparently will take much experiences and years to acquire those skills.
    I have heard so, traders can amke forex their only job, except i do not like a thing like that, it is not making traders to think and concentrate when they are more linked with that money, and they will be trading with sensitivity, and that may cause losses when traders do not have the boldness anymore. When the traders trade and having other jobs, they are better in courage.

  2. #32
    Quote Originally Posted by Sylvertee View Post
    I have heard so, traders can amke forex their only job, except i do not like a thing like that, it is not making traders to think and concentrate when they are more linked with that money, and they will be trading with sensitivity, and that may cause losses when traders do not have the boldness anymore. When the traders trade and having other jobs, they are better in courage.
    According to me forex trading is not a job, forex trading is a real money making business. Forex trading can do trade as a full timer and part timer both kind of trader in forex market, but only that trader will become successful who have good psychology, patience, and good discipline in trading. In forex all the elements of discipline work together to depreciate our moves.

  3. #33
    Quote Originally Posted by Hukam View Post
    According to me forex trading is not a job, forex trading is a real money making business. Forex trading can do trade as a full timer and part timer both kind of trader in forex market, but only that trader will become successful who have good psychology, patience, and good discipline in trading. In forex all the elements of discipline work together to depreciate our moves.
    True, we can consider trading more of a business because we are investing time and money in order to gain profits, and just like in any business it requires the right knowledge and experience before we can succeed,but it is not an easy task for most of us and we need to be well prepared before entering in this market.
    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

  4. #34
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    Correct buddy, forex is not a job its a profession because we are not bonded to anybody, and we are not doing work under anyone in forex. We are investing our money and taking the risk of our money to make profit. This can be called as only a business. You are right about the discipline, it should be done perfectly beside of it indiscipline can ruin all our hard work, skill and experience.

  5. #35
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    Quote Originally Posted by Hukam View Post
    According to me forex trading is not a job, forex trading is a real money making business. Forex trading can do trade as a full timer and part timer both kind of trader in forex market, but only that trader will become successful who have good psychology, patience, and good discipline in trading. In forex all the elements of discipline work together to depreciate our moves.
    For traders to be successful, no doubt about the good psychology, traders will need this for many of great things which they will be doing in this forex business, and it is not going to be that fast, except that it will help better when discipline is always used by traders, as the discipline is the way to find the good attitude of trading.

  6. #36
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    Quote Originally Posted by Earnperfect View Post
    Correct buddy, forex is not a job its a profession because we are not bonded to anybody, and we are not doing work under anyone in forex. We are investing our money and taking the risk of our money to make profit. This can be called as only a business. You are right about the discipline, it should be done perfectly beside of it indiscipline can ruin all our hard work, skill and experience.
    Very correct, this is not a job, its a profession and itccould be said to be a business, and when anyone refers to it as a job, it shows that person makes mistake. Trading is always in our hands and care, and what we get from this is strictly what we deserve through its trading. That is why we have to do everything necessary for us to make the good thing we need out of the business accurately. And it is best when the trader is experienced.

  7. #37
    Well the roll of discipline is simple, living the right market choices that will bring in the right choice of trade , when you make a trade, avoid getting into the market and so we have to work as hard and we have to run the market working well, its good that when you are disciplined, then you avoid over trading which in these case limits greed, get satisfied with the little you get cause you are lucky

  8. #38
    Discipline is important to carry on trading otherwise you can't benefit from this market for long term time. Only that trader will become successful in this field who is working with proper management and discipline. Short term money making is not a success at all some time trader earn huge money due to luck but that's not a success because later they lose their profit again due to luck.

  9. #39
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    Quote Originally Posted by shambca7 View Post
    Discipline is important to carry on trading otherwise you can't benefit from this market for long term time. Only that trader will become successful in this field who is working with proper management and discipline. Short term money making is not a success at all some time trader earn huge money due to luck but that's not a success because later they lose their profit again due to luck.
    Discipline is a virtue which many traders lack, that is why traders will do trading in the bad ways which they themselves can not even explain. Trading is better with the skill of the trader that are good, but when they do not have the discipline to let this work for them, it will still create a problem for them in the future of tehir trading.

  10. #40
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    discipline is very important for any trader because it makes trading more effective and less risky and more safe, the trader that trade with discipline will be able to trade well and make consistent profits from the market, discipline should be in the plan and strategy and following the right rules of trading to stay in the market for long time.

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