I think yes as trader need discipline in trading that also included following system rules and also money management and risk management, forex is about how to manage money in risky market if reckless in trading often causing failure
And while trading fro the comfort of our home, a trader needs to be disciplined. And this means following your trading system rules strictly and precisely. Discipline is an integral part of becoming a consistently profitable trader.
Yes agree with you, discipline in trading is good emotion, which if any trader already they an always keep discipline to obey all rules system and also money management it will help much in trading to develop better system if in trading although already keep discipline but still often fail, because will easily to evaluation
The only advantage is that we can make some good money online and that too by just spending some time on the Computer.
Can I ask you about how much time do you spend in front of the screen usually? Per day How much time you trade actively? I'm just wondering as I spend by trading and so on most the whole day sometimes. So, maybe I am a captain snail....
This is advantage forex trading we can trade anytime along having spare time, might some trader only trade on london session and will trying making profit from these time
Well, forex offers a lot of advantages as we all know. Being a 24 hour market it offers huge profit potential and also it’s a highly liquid market. The thing I like the most about forex is that we can trade with leverage but yes I agree leverage is tool to be used with caution. Even transaction costs are lower in forex trading.
Yes agreed, leverage is an advantageous tool of forex but it is like a double-edged sword. Leverage increases the trade size and trader can eventually trade with more funds than he actually has. This increase the scope for potential gains as well but we cannot deny the fact that risk is also there. If proper risk management plan is not implemented chances are high leverage could badly effect your trading plan.
I think everyone knows that why Forex is so popular and it having so many advantages. one is you can stay at home and work for yourself, no boss no fixed timing.
Now forex also easily to access, many broker provided mobila platform for android and this is also useful innovation on forex business for trader making transaction in forex market