ROLE OF DISCIPLINE IN TRADING - Page 6
Page 6 of 6 FirstFirst ... 23456
Results 51 to 59 of 59

Thread: ROLE OF DISCIPLINE IN TRADING

  1. #51
    Trader Senorita's Avatar
    Join Date
    Jun 2016
    Location
    Africa
    Posts
    7,494
    Discipline helps us to stick to our trading plans instead of making wrong moves in the market because you saw some opportunity to make fast profits. Every forex trader must work to create a better means of trade and realize that if they are going to do well in forex, a proper discipline is needed and this is what can help us see that our goals are been achieved. We must learn to make a great trade and see that we can be discipline enough to follow our trading plans with the right risk management.

  2. #52
    Quote Originally Posted by Senorita View Post
    Discipline helps us to stick to our trading plans instead of making wrong moves in the market because you saw some opportunity to make fast profits. Every forex trader must work to create a better means of trade and realize that if they are going to do well in forex, a proper discipline is needed and this is what can help us see that our goals are been achieved. We must learn to make a great trade and see that we can be discipline enough to follow our trading plans with the right risk management.
    You have it right. A trader who is disciplined will make money more by not just taking too much trades but taking selective trades as they know that taking selective trades is the only way by which they can make them selves less losses and more quality trades. That is why we have to learn on how to ensure to take the learning of being disciplined seriously.

  3. #53
    discipline is a must in the right way for the trading . by which we can adopt a very proper strategy which may be very good at different ways for the trading . so by getting a very good system in the trading we can be able to choose when we enter the market and when we can be out the market and away of it . so this can help us more

  4. #54
    Quote Originally Posted by hosny55 View Post
    discipline is a must in the right way for the trading . by which we can adopt a very proper strategy which may be very good at different ways for the trading . so by getting a very good system in the trading we can be able to choose when we enter the market and when we can be out the market and away of it . so this can help us more
    If we can not have the discipline then there is no way we can make money. Discipline is the key to successful trading. Because with the discipline comes the right amount of right execution of trades. But with less or not discipline comes bad trading method.

  5. #55
    good discipline will give us more value in trading,i consider discipline to be the most important factor in our successful trading career. also controlling greed and fear when trading and following risk management strategies and money is the important rule to be followed.

  6. #56
    The market for foreign currency exchange isn't as it's painted by the trading platform engineers and some trick brokers. They paint the market as though it doesn't include losses, but instead just produces gains. They paint it as though it is anything but difficult to be a trader and you wouldn't require anything much. Obviously, you needn't bother with anything much compared to different careers yet at the same time, there are sure one of a kind requests for the foreign currency exchange showcase that are required.

  7. #57
    Discipline is extremely important in trading since it allows trader to act stricktly in accordance with the rules prescribed by the strategy and to follow the trading plan develop before the trade. Actually, discipline is one of the key elements necessary to succeed in trading. For sure, not everyone is disciplined enough, but the great thing that it is possible to improve discipline through hard working process. Of course, it will take some time to become disciplined, but to my mind it absoutely worth all time spent and efforts paid. If the trader will be disciplined, he will be able to avoid emotional trades and make trading decisions based only on the detailed analysis. Another important point is that discipline allows trader to reduce the impact of such emotions like fear or greed on his trading process that also leads to the positive improvements in trading process and trader`s performance in general. Each trader should understand that it is impossible to be disciplined only in trading. Thus, you will have to improve discipline in all spheres of your life if you want to achive sustantial results in trading or in any other sphere.

  8. #58
    Registered user
    Join Date
    Oct 2019
    Posts
    2
    I believe that risk management is the most important thing in commerce and mental stability is also essential to obtain positive and very favorable results.

  9. #59
    Quote Originally Posted by Giorgweu212 View Post
    I believe that risk management is the most important thing in commerce and mental stability is also essential to obtain positive and very favorable results.
    Thats a savage advice. Managing risk is undoubtedly one of the most important things for any trader. Therefore a sound risk management strategy needs to be in place before you trade.

Page 6 of 6 FirstFirst ... 23456

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •