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Both patience and discipline are equally important

Discussion in 'General Trading Forum' started by Anderson, Jun 7, 2020.

  1. Anderson

    Anderson

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    Both patience and discipline are equally important. You have to give same importance to both of them. Trading is actually a combination of many things. You have to combine all of them. You need good trading plan, strategy, psychology, patience, discipline and determination.
     
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  3. ZhoGorisar

    ZhoGorisar

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    It is worth adding that patience is the most difficult thing that can happen in the market. But in general, you just need to give yourself some time to adapt and not count on instant results.
     
  4. Chionao

    Chionao

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    Yeah, it's really important things, but usually you only start to understand it with time, or rather with experience. So just don't give up, try to stick to the plans that you choose for yourself and everything will be fine.
     
  5. Jodwyng

    Jodwyng

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    In fact, it's not always possible to work calmly and constantly...
    Sometimes you can work all day, and there are days when you can't even spend half an hour trading.
    Although the discipline is not only in this, but also in the fact that you stick to the trading strategy...
     
  6. Smash Fun

    Smash Fun

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    For any work you do if you want to become successful in that you have to keep [patience and disciple equal in your work ethics, this will definitely help you improve your thinking power and give you mental stability.
     
  7. Shalidwyndont

    Shalidwyndont

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    I believe that patience is part of the discipline. Because no matter how you behave during trading, you'll never be able to behave patiently if you have no discipline at all. But that's just my opinion, it can be different from yours. And vice versa - if you develop discipline in yourself, then you'll become more patient.
     
  8. Gravelwood

    Gravelwood

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    Yes, in forex it is importhant that you have patience. This comes in when you are still new and in the learning forex. it is no lie that it sometimes takes ages for some people to learn forex. The problem is that some peole are not willing to wait that long and they skip some things which is a bad idea. If you rush you will fail.
     
  9. Adowyn

    Adowyn

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    You will understand the importance of being patient when your trades do not seem to be working for yoiu. Some traders act irrationally by continuing to trade again even after their trades for the day have failed. The result is just losses. You need to be patient in this line of work.
     
  10. Adrienrad

    Adrienrad

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    Both of thes play a very big role in making you a good trader. If you are patient you will take your time to trade in a demo account untill you are ready to trade for real. A demo account determines whether you can handle forex or not. If you are impatient and you skip it then you will have problems.
     
  11. Kevin Vogt

    Kevin Vogt

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    Yes without patience and discipline, survival in the market is not possible. No matter how much good strategy you have, you need to be discipline in your trading. Every successful trader has one thing in common which is discipline.
     
  12. Oscar Shumack

    Oscar Shumack

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    I agree with you. If you want to become successful in this market, you need to have both discipline and patience in you. Without those qualities, it is quite tough to make money from this risky market.
     
  13. Darragh Bell

    Darragh Bell

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    Yes, you are correct. If anyone wants to be successful in the forex market, he should have patience and discipline both in his qualities.
     
  14. Cooper Truebridge

    Cooper Truebridge

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    I agree with you all the time because if you do not have these issues in trading, it is impossible to make a profit in trading. No matter how good the trading strategy is, you must first know about trading discipline. Many people think these trading elements are trivial but they don't know how important these things really are. Money management is another part of the trading discipline. All in all, if a trader does not manage the disciplines you are talking about, he will never be a successful trader.
     
  15. Alexander Hudson

    Alexander Hudson

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    Yes, you are absolutely correct. If you want to make money from this market, you need both discipline and patience.
     
  16. radex78

    radex78

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    Definitely yes, patience and discipline are important, if you learn from the expert trader and professional trader I think they will convince you if discipline and patience is the key success, discipline here included money management and risk management and also system trading.
     
  17. Alicia Lynch

    Alicia Lynch

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    Trading requires a combination of many things. Trading discipline and patience are a part of this combination. A trader has to create skills like a good strategy, psychology, trading plan, risk management, money management, trade management, etc. If all these things can be traded together, good results can come.