Trade With Patience and Calm Mind.
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  1. #1

    Trade With Patience and Calm Mind.

    Many traders who trade in this market.They can not trade with patience and with calm mind and due to this reason they make more mistake and they loose their money in this market.if we want to safe from big losses than we can trade with patience.

  2. #2
    yes i agree with you y friend, it is really difficult to keep the patience in the forex trading business. and i think to keep the patience the only solution is that we just do not stay in front of our computer and take some regular breaks after setting stop loss and take profit.

  3. #3
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    I have seen many ways of doing the forex business, but no matter how good you think you are and you do not know how to mange get yourself apart form the managing the market itself, then you will still not go anywhere near the success in the business. Trader need to add patience and calm spirit with the self management ways for success.

  4. #4
    Quote Originally Posted by cozard007 View Post
    I have seen many ways of doing the forex business, but no matter how good you think you are and you do not know how to mange get yourself apart form the managing the market itself, then you will still not go anywhere near the success in the business. Trader need to add patience and calm spirit with the self management ways for success.
    Well, its true that in forex trading no one can be good to the extreme because you are as a human being goung to have flaws, but then patience traders invariably wins more than those who are agressive because when a trader is patience then you see that he or she will run a second analysis, being patience to see a convience trend movement before being able to make a decision.

  5. #5
    Exactly , trade with patience and cool mind is major part for the perfect trader . there are many types of trader . But in the forex market , they only wins who don't follow the emotional thinking . Emotion is the best enemy to the forex trader . it destroy the traders patience and make him so much aggressive . When a trader become aggressive , he want to make quickly every work and making money from this risky market too . As a trader , they loss their whole money in the forex market and become cool when they have lost every thing . for this reason, every trader should control his emotional mind and keep his mind so calm and patience .

  6. #6
    Trader ara's Avatar
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    Patience and cool mind, two things are interconnected, it is impossible we will be patient if we do not have cool mind, so I think cool mind is a crucial thing in forex trading. Peace of mind can affect the quality of our psychological condition.

  7. #7
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    Your very correct,and most inpatient traders are either those who lacks the experience or has failed to learn from there previous mistakes, at some point even an experience trader can be inpatient a times mainly due to market condition or market uncertainty, so bottom line if you want to be successful its important you be patient at all time.

  8. #8
    Forex trading business is a very volatile business and we need to think a lot before placing orders and no thinking after after execution but due to fluctuation we are forced to commit mistakes and control over these bad habits come through experience and knowledge, so we must develop these characteristics with time to get better results of trading.

  9. #9
    uchexxx, Its fact mostly trader want to make money in a short time without having patience anymore but its not easy for the trader to make money in a short time. So i think every trader have patience to wait for the right time for transaction, they are patience in their strategy. its very important to make a good profit and minimize the loss happen when we has good patience

  10. #10
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    it means we have to control the emotion, the trader who did trading with cool and calm, this is the mirror if they can control the emotion with well, and for this level, they can make a right decision to do trading with properly,
    discipline and patience in everything is needed at forex trading business

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