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Discipline in trading

Discipline is the most important factor in forex trading. If you are not disciplined in your approach, you may end up losing trades. When you take a trade, make sure that you have a stop loss in place, and then make sure that you exit your trade according to your stops. If you are taking a lot of trades, then you should sit down and draw out your trading plan, and then follow it religiously.
 
newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
 
Lacking of money management is a part of losing, I admit it. But not the foremost at all. The main issue is keeping emotions with lack of good trading knowledge.
 
Discipline is really crucial in forex trading. You need to be able to stay calm and not panic when the market isn't going your way. You also need to learn how to set stop loss and take profit orders so that you don't lose all of your money in a single trade.

If you don't have discipline, then it's very likely that you'll lose your money in a matter of minutes or hours. It's important for you to know that even the best traders in the world have losing streaks where they lose a lot of money on bad trades or their trades just don't work out as well as they had hoped.
 
demo is important , agree with you but the knowledge we take from demo honestly speaking not works in a real account , because in demo there is no emotions work when trading.
 
newcomers should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this.
 
Discipline is vital to succeed in forex trading. If you don’t have discipline, you’ll end up losing money and blow up your trading account.
 
but as a new Forex trader that is really challenging to keep discipline when trading in practical.
 
knowledge and experience needed i agree with you , but it can be valueless if you dont have regular practice , so besides acquiring good knowledge its more appropriate to emphasis on practice session.
 
actually right now its very difficult to make sure 20% return according to trading balance due to US election. but whatever it is we the traders always try to bring profit minimum 5-10%.
 
Discipline is a must to get success in any profession. Forex trading is a highly rewarding profession for those who have relevant skills and knowledge. A successful forex trader will be a disciplined trader too. That means you need to develop discipline in order to become a successful forex trader in the long run. Being consistent can take you a long way. In forex trading you are your own boss and your income is based on your skill level only. So always focus on becoming a disciplined trader and profits will come to you sooner or later.
 
Traders should get rid of haphazard trading because it causes loss. They should focus on technical analysis to catch the actual market trend. For technical analysis, knowledge on using different tactics of tools of Forex market is obligatory because these are the issues that ultimately bring success for a trader.
 
When a trader maintains discipline in how they trade, they are allowing themselves a chance to make errors, and learn from them. They maintain a trading journal, and keep an eye on the news frequently. To be successful on a long term basis, discipline helps keep a strong ground and builds focus and motivates the trader to move forward and earn consistent profit.
 
Discipline and consistency are two traits that will keep you running and profitable in the long run in trading. Discipline not just brings ease in what you are doing but also brings precision when you are trading. Thus when you are disciplined your chances of making the right decision increase.
 
Disciplined trading has become a rare phenomenon and traders prefer haphazard trading because they can’t make consistent profits. If traders have a good trading strategy, only then they can trade well. Otherwise, maintaining discipline in trading becomes tough for a trader.
 
Maybe discipline included easy to say but hard to apply, however, it will depend to us, if we have a good mindset when trading out from discipline will mess up a trading plan, hence we will try hard to keep discipline as a habit.
We will have to make use of such kind of a Forex trading broker that is easy to do our trading.
 
Demo trading is something that no trader should skip if he/she is serious about forex trading. It is an opportunity to get practical knowledge and test your knowledge. It will prepare our mind and provide a trading experience to ease our anxiety that comes up when we trade with real money. So I hope that all new traders do demo trading for enough time before they get started with live trading.
 
discipline is really important , no doubt. but as a new Forex trader that is really challenging to keep this trading habit.
 
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