Forex Trading Strategies- Patience - page 2

 
Paul75:
Having patience is very important in forex we need to be patience while we learn about forex and trading and also while we start trading. if we get hurry in our trading then it will lead us to occur mistake and suffer loss.

of course, patience is important in forex trading. let alone to be successful. Everything requires a long process. Forex is a high risk business. if we are wrong bit then it could be bad for trade. With a rush in the trade then we could make a mistake and get a loss.

 
thadb:
Agree with that. Bear in mind that patience is a lot easier when you have tested your system on a demo, and you know that it is proven and profitable.Thad

This is true. You can only have patience with your strategy when you know it really works. Patience is mostly needed when you lose for a day.

 

As a Forex trader you need patience and patience can only achieve with lot of practice and hard work. I think patience is the key of success so every trader should keep patience during the trade.

 

If you do not have the experience of losing money then you are not going to learn any thing from market.

A trader only learn the benefits of patience if he has seen the losses and learned from his trading mistakes.

It is easy to say... that you need to "Trade the market with Patience".

However; you need to first learn the patience itself, which is not an easy task.

Reason: