An inverted patience pattern Does miracles when you hold winning positions and you don't close them just yet, especially in a trend.
That's true, at least when the trend is not about to end or go into correction. Which does happen sometimes.
An inverted patience pattern Does miracles when you hold winning positions and you don't close them just yet, especially in a trend.
That's true, at least when the trend is not about to end or go into correction. Which does happen sometimes.
I believe you left out false breaks and speculation trading.
Patience is extremely needed in order to make consistent money from forex market. You have to wait majority of the time if you are a trader in forex market.
False breaks are why people should always wait for a confirmation that the break is real. True, that means that one might have to open a trade later than they wished, but it's better to be safe than sorry.
I just wrote in another trade that I was too quick starting a real account and yes I do lack patience! Aaand I admit its my worst mistake ever. It also has to do with the actual trading process when I want to get more and I cant wait for better conditions willing to win a million right away (irony here of course).
Thats what I think is a part of tarders experience that comes after a few years of practice. A great partPatience and discipline are vital qualities to have in forex trading. I hope you'll manage to develop yours over time.
Thats what I think is a part of tarders experience that comes after a few years of practice. A great part