Results 1 to 10 of 30
-
01-28-2013 03:33 PM #1
- Join Date
- Dec 2012
- Posts
- 31
- Thanks
- 0
- Thanked 0 Times in 0 Posts
The power of patience in forex trading
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.
-
01-28-2013 04:30 PM #2
- Join Date
- Jun 2012
- Location
- Naples, Florida
- Posts
- 1,212
- Thanks
- 1,427
- Thanked 1,309 Times in 514 Posts
You may want to rethink this line of thought. If a trader hesitates unneedlessly he can lose some very nice profit. Patience is not a word that I would use when trading the forex. You posted that you are a new trader, let me suggest getting "The Psychology of Trading" and read the book my friend.
-
The Following User Says Thank You to FloridaTrader For This Useful Post:
-
01-29-2013 04:24 PM #3
Patient is number one in forex trading! For success in this business, you need that.
Anyway I've heard good things about Armada Markets in Indonesia. Their spreads seem to be the lowest in the industry. Can anybody confirm?
-
01-30-2013 05:37 AM #4
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 ultrashort
Last edited by snaiper-x1; 01-30-2013 at 05:39 AM.
-
The Following User Says Thank You to snaiper-x1 For This Useful Post:
-
01-30-2013 05:45 AM #5
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.
-
The Following User Says Thank You to hellboy For This Useful Post:
-
01-30-2013 06:09 AM #6Analysing 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.
-
The Following 2 Users Say Thank You to snaiper-x1 For This Useful Post:
-
01-30-2013 01:01 PM #7
Patience is needed in this business, because a lot of obstacles that we will face, we have to be patient in the face and never give up so we can survive in this business and can achieve our dream, which is to become a successful trader.
-
06-27-2016 09:18 AM #8
- Join Date
- Nov 2015
- Posts
- 122
- Thanks
- 0
- Thanked 0 Times in 0 Posts
-
06-28-2016 01:23 PM #9
- Join Date
- Apr 2016
- Posts
- 76
- Thanks
- 0
- Thanked 0 Times in 0 Posts
The power of Patience in forex trading is very important. Patience is the key of success in every place. Even the sentence is true in Forex market.
-
06-30-2016 12:43 PM #10
- Join Date
- Jun 2016
- Location
- India
- Posts
- 9
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Patience is the key to success if you don't have patience you will lose a lot in Forex trading.
-
Similar Threads
-
CMS Forex Trading Power Course
By marinko in forum Forex Clips and Movie TutorialReplies: 0Last Post: 09-28-2012, 08:52 AM -
The Power of Patience and Taking the Competition out of Trading
By mikeyjerou in forum General Forex DiscussionReplies: 0Last Post: 06-26-2012, 04:06 AM
Bookmarks