Do you have enough patience?

[iMusingKiMi]

It has to be the real method of making consistent profit from forex market. If you meddle with your trades too much or if you over trade, then your account capital will definitely be going down.

In fact, a lot of trader actually do have a good trading method. But when you go for trading, how many can actually follow those rules written by himself?

 

[EURUSD]

In fact, a lot of trader actually do have a good trading method. But when you go for trading, how many can actually follow those rules written by himself?

Good trading method will be useless if you don't have good emotion control to trade as the planning because if you had good method of trading then you should know the best time for doing the method, how to make good setting in your money management to limit loss (beside taking profit as much as you can) and how to control emotion during trading itself to prevent big losses when you made mistakes. Patience is part of trading plan, traders can be patient to wait the right time to entry and exit point when there is proper trading plan to follow and confidence to trade as the planning.

 

[Froso@FXNET]

Good trading method will be useless if you don't have good emotion control to trade as the planning because if you had good method of trading then you should know the best time for doing the method, how to make good setting in your money management to limit loss (beside taking profit as much as you can) and how to control emotion during trading itself to prevent big losses when you made mistakes. Patience is part of trading plan, traders can be patient to wait the right time to entry and exit point when there is proper trading plan to follow and confidence to trade as the planning.

Good stable emotion always needed for every traders and also believe with applying the system rule certainly must have to make more patience . So its no doubt have best result is reward from that . cause for facing the unsure and unpredictable market have high patience is being obligation

 

[Whitesnake]

Good stable emotion always needed for every traders and also believe with applying the system rule certainly must have to make more patience . So its no doubt have best result is reward from that . cause for facing the unsure and unpredictable market have high patience is being obligation

Only those are with strong mindset and have very good knowledge regarding the importance of being patient are the ones who would profit in this highly risky forex market such that making good gains becomes possible with such patient behaviour. Otherwise like most of the traders failure is confirmed for impatient traders.

 

[downtrend]

Only those are with strong mindset and have very good knowledge regarding the importance of being patient are the ones who would profit in this highly risky forex market such that making good gains becomes possible with such patient behaviour. Otherwise like most of the traders failure is confirmed for impatient traders.

Patience also comes with experience, normally newbie traders are not that patient, they want to get quick results of their trades and become worried on some negative move of their trades. Price don't move in a straight line, it moves in up/down movement, so give your trade some time.

 

[EURUSD]

Patience also comes with experience, normally newbie traders are not that patient, they want to get quick results of their trades and become worried on some negative move of their trades. Price don't move in a straight line, it moves in up/down movement, so give your trade some time.

It is right. More experience about what will happen in the market, it can give more patient to traders too when there is condition of market which they have known similiar with previous condition in the past. But experience won't directly make traders to be patient in trading because patient is psychological skill of traders. It's possible that traders couldn't control emotion well although that traders have spent more time in trading. Some people can feel confidence with their planning in short time, but some others can't be confident because they always looked on negative point of it.

 

[Froso@FXNET]

It is right. More experience about what will happen in the market, it can give more patient to traders too when there is condition of market which they have known similiar with previous condition in the past. But experience won't directly make traders to be patient in trading because patient is psychological skill of traders. It's possible that traders couldn't control emotion well although that traders have spent more time in trading. Some people can feel confidence with their planning in short time, but some others can't be confident because they always looked on negative point of it.

More experience can forms the mental be maturity , from that the psychology will be stronger and also mental can be steady in facing any pressure condition , So from passage of time will have enough patience when doing this business

 

[arigoldman]

Easier said than done. In fact, patience takes patience.

 

[Pharaoh]

Easier said than done. In fact, patience takes patience.

I'm unwilling to wait for patience. I want patience NOW!

 

[Lynn McMichael]

I have met plenty of forex traders who seem to lack patience when they trade. They want to rush into a trade in order to make money, but without patience you are really not trading properly. You may enter or exit a trade pre-maturely which means you are leaving pips in the market rather than pocket them in your portfolio.

Patience is a very important attribute to master in order to better your trading results. This also applies if you already achieve good results as with a bit more patience you could increase your earnings from the same strategy you are already using.

Patience will lead you to a success! Believe me, everything is so hard, but you will see the result if you try hard.

Patience is not the ability to wait but how you act while you’re waiting. – Joyce Meyer