The power of patience in forex tradings has brought forth good result. As a forex trader, we have to be patience in examining the market before taking an entry or exit decision. We ought to give our trade time to work, by so doing we will make better result at the end of it all.
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The power of patience in forex trading
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I work for a large time frames where haste can lead to large loss of $, so in my haste just nikchemu trade, but if we take a scalping there and think for a long time to reflect on the input can not be there for trends ultrashortLast edited by snaiper-x1; 30-01-13, 04:39.
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if you are a scalper/jobber without any setups then patience has no meaning here.use vwap and trade hft.
if one has solid setup and mostly swinging, then patience is needed, because it may take time to form the setup, but once it is there do not hesitate to pull the trigger.
Analysing is one thing and trade execution is also another thing, both are difficult and required simultaneously.Trading is such an arena where even pros are beginners.
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Analysing is one thing and trade execution is also another thing, both are difficult and required simultaneously.Trading is such an arena where even pros are beginners.
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Originally posted by snaiper-x1 View PostI work for a large time frames where haste can lead to large loss of $, so in my haste just nikchemu trade, but if we take a scalping there and think for a long time to reflect on the input can not be there for trends ultrashort
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Originally posted by maligno View Postpatience, one of the most, belittled most imrotant skill i would say in forex, and forex will teach you to be a patience master whether you like it or not. trust me, in forex the more you are like a monk in patience the better.
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Patient trade will result in consistent gains what is more important than fast and large gains as they can quickly turn into losses and your total return will be negative. I'm trading low-risk strategy with Hotforex with 5% monthly return and never make more what greed can urge you earn.
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Originally posted by controlxs View PostPatient trade will result in consistent gains what is more important than fast and large gains as they can quickly turn into losses and your total return will be negative. I'm trading low-risk strategy with Hotforex with 5% monthly return and never make more what greed can urge you earn.
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