How to be patient

Discussion in 'Forex' started by enamhaq, Feb 27, 2013.

  1. baro-san

    baro-san

    What you describe sounds more like gaming. You either know what you're doing or you don't. You can find a lot of advice and theories that hide from you the real problem: lack of adequate knowledge. When you know, and you're confident that you know, none of those theories bring you anything. When you don't know, nothing can help you.
     
    #71     Nov 29, 2015
  2. Lack of knowledge, market analysis and experience. Your mindset still considering this business as not a business so that's why your patience is still unstable...
     
    #72     Nov 30, 2015
  3. pinfire

    pinfire

    until you not work with patience you will not find tips of trading .Forex need a lot of patience to learn all about itself. analysis is first step to trading it should done with deep concentration so that you will find trend and right entry in market.
     
    #73     Dec 8, 2015
  4. Because that's the main key in forex trading and every trader should have a good level of patient so they won't get themselves controlled by emotions easily...
     
    #74     Dec 8, 2015
  5. Just make sure you're not overcontrolled by your greed while trading and you'll be able to control your emotions easily...
     
    #75     Dec 9, 2015
  6. Because by uncontrolled patient, you'll get yourself taking a reckless decision without any proper analysis.
     
    #76     Dec 10, 2015
  7. So that why if you are unable to control your emotions, it's way much better to pull yourself out from your trading activity and calm yourself down. A disturbed mind would likely disturbing your market analysis.
     
    #77     Dec 11, 2015
  8. doggyfx

    doggyfx


    That's true actually. Risk management and informational advantage are key components of success in forex trading. I try to use as much informational sources as I can - bloomberg, market watch, fxstreet, trading central analysis that my broker Hotforex offers, political news, etc. Its hard to put everything together in one picture to get a clue where the price of an asset will go but its the only way to make fundamental analysis (which can be wrong if you took inappropriate information sources)
     
    #78     Dec 11, 2015
  9. vic84

    vic84

    Its a individual virtue and it comes by regular practice, level of patience differ from person to person.
     
    #79     Dec 13, 2015
  10. bublu

    bublu

    I guess forex trading is a professional market where the failure ratio is more than 90 % and i guess many traders fails due to lack of patience, knowledge and consistency.
     
    #80     May 5, 2016