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[Razor1911]

Success in forex trading is mever easy. It comes after enormous hard work, learning and patience. Otherwise everyeone would been a professional and succesful trader here. The journey is very tough, tougher than it seems.

The mantra to become successful here is your patience. Exciment is good, but ober exciment will make you pay a hefty price. Always remeber that, the patience before opening a position, after position is taken and before closing is the position will determine how successful your trading is going to be.

 

[Kubiat-Abasi]

In Forex trading, I adopt swing trading because atimes the market value is bad and I don't have all day and time to trade. Also I prefer swing trading to avoid too much negative psychological distortion or anxiety issues. No doubt! They do say that, slow and steady wins the race but when it comes to Forex trading where the market is highly unpredictable even to professionals, the best thing is to be highly and technically analytical and to inculcate the spirit of discipline and set realizable and achievable goals.

 

[Ononivami1]

In Forex trading, I adopt swing trading because atimes the market value is bad and I don't have all day and time to trade. Also I prefer swing trading to avoid too much negative psychological distortion or anxiety issues. No doubt! They do say that, slow and steady wins the race but when it comes to Forex trading where the market is highly unpredictable even to professionals, the best thing is to be highly and technically analytical and to inculcate the spirit of discipline and set realizable and achievable goals.

I am not that vast I forex and I am still at the learning state. Presently, I am learning the candlesticks chart and so far so good, I was able to master the simple and complex candlesticks patterns. Now, what is swing trade? I haven't heard of this for long. How do I do that. I will be waiting anxiously for your reply. It's very important to me .

 

[Psalm2003]

Forex trading is really great. There are moments you'll be over joyous and there are days you'll be sad. The major key to being successful in forex trading is patience. First and foremost, you must take your time to know the nitty gritty and know when to take steps at every point in time

 

[ashim kate]

Common occurrence that a lot of people have said that did not make money because they were unsure about going into a trade. I will see that this is often a good thing because there is a lot of opportunities in the market and I thought you should not be in a rush to take any kind of position or the other as patience is key.

 

[dorcasy]

I know opportunities I have missed because I was too patient,if you are a swing trader you will know that sometimes you just have to wait for a double confirmation in a resistance or support position before taking a trade, sometimes while waiting and the trade start forming a V pattern it's best to enter the trade else you will only get half profit.

 

[a_jerobon]

This is very true. Patience is of paramount importance in forex trading. Doing the trading comes with so much anxiety and excitement. So you need to learn to stay calm and do the plans you have with care and attention. Otherwise, giving in to your emotions may lead you to immense losses.

 

[kaycee001]

The winning key in forex is patience extreme patience. Every trader does this because you cant just dabble into the market without carefully and patiently studying the market, my teacher usually tells me to wait no matter how long the desired strategy takes before trading, this has been helpful till date and have disciplined myself to always stick to this.

 

[Wisdom01]

Traders really need that patience to make more profit ,most traders would make loss ,just because they don't have that patience ,they quickly execute the trade they want and they regret that they have made loss ,not knowing what it entails to trade in the forex market because it requires so much strategies and if you are too emotional it could actually play a trick and the person earn loss

 

[Kubiat-Abasi]

I am not that vast I forex and I am still at the learning state. Presently, I am learning the candlesticks chart and so far so good, I was able to master the simple and complex candlesticks patterns. Now, what is swing trade? I haven't heard of this for long. How do I do that. I will be waiting anxiously for your reply. It's very important to me .

Alright. Actually, when I mean that I adopt the swing method of trading, I indirectly mean that I have a schedule or limit whereby I trade. For example, I many choose to trade just three times out of the normal seven days we have in a week. I don't spend all my time trading to avoid running into losses or having burnouts. Even as I'm trading, I take in-between breaks.

 

[Dav1d]

Patience is key to everything, not just in forex trading. Patience is what most forex traders lack, especially does who are going into forex trading for the very first time. Most of them do not even have the patience to even learn how to trade, they just go into the forex market without any form of plans or skills and start loosing all their money.

 

[Wisdom01]

Patience is key to everything, not just in forex trading. Patience is what most forex traders lack, especially does who are going into forex trading for the very first time. Most of them do not even have the patience to even learn how to trade, they just go into the forex market without any form of plans or skills and start loosing all their money.

YEAH patience is really needed in forex trading ,when earning you have to really place more patience and more focus ,even if the price is falling and you have placed a position of a bullish movement ,that don't mean the price would continue to fall ,just stick to the plan that it would increase more

 

[btaliat]

Before going into forex, there is need to know the principles guiding it. Being patience is not even the first thing to learn as a forex trader rather how to control our greediness and fear. What is the essence of patience when the trade has been done badly. Will someone that have used a high leverage and the trade is going against him still need patience?

 

[Wisdom01]

Before going into forex, there is need to know the principles guiding it. Being patience is not even the first thing to learn as a forex trader rather how to control our greediness and fear. What is the essence of patience when the trade has been done badly. Will someone that have used a high leverage and the trade is going against him still need patience?

One thing patience tends to conquer is that fear ,if the person is that patient there won't be fear that the trade would go the way he dosent want ,what conquers it all is fear ,that is why as a trader the person needs to know how to be more careful when carrying out trades and also be able to withstand any form of fear of any case too

 

[btaliat]

One thing patience tends to conquer is that fear ,if the person is that patient there won't be fear that the trade would go the way he dosent want ,what conquers it all is fear ,that is why as a trader the person needs to know how to be more careful when carrying out trades and also be able to withstand any form of fear of any case too

How does patience conquer fear? What conquers fear is knowing the technical knowout and doing the right thing, trade with what you can afford to lose, and never set unrealistic target, and try not to be taken over by greediness. All these are guide against fear. Maybe you need to convince me better now patience can now conquer fear. When we all know that patience only means endurance.

 

[Dav1d]

YEAH patience is really needed in forex trading ,when earning you have to really place more patience and more focus ,even if the price is falling and you have placed a position of a bullish movement ,that don't mean the price would continue to fall ,just stick to the plan that it would increase more

This issue is really complicated, I can actually understand why some do not have patience, let's take an example. Let's say someone invested $100 in a broker account, while taking a trade you might be experiencing a loss that might be going near a loss of $100 which would close your account, at that stage, fear comes in, they nolonger have the patience to wait if the trade would go up, rather they would quickly close the trade ending in loss.

 

[Wisdom01]

How does patience conquer fear? What conquers fear is knowing the technical knowout and doing the right thing, trade with what you can afford to lose, and never set unrealistic target, and try not to be taken over by greediness. All these are guide against fear. Maybe you need to convince me better now patience can now conquer fear. When we all know that patience only means endurance.

When you have done the right analysis you would be patient ,even if the price is not going in your direction , because you are quite sure that a reversal would be made ,so that fear factor that will make quickly close the position you are trading won't be there , because of the analysis you have done trading

 

[ashim kate]

It is almost always certain that you are going to be making some losses in your business before you can be able to get it correctly and that is something that you should not even panic about. The most important thing about forex is that you should eventually get it right and by the time you are doing so you must not have wasted all your money already and in this way you can be able to apply the right risk management criteria.

 

[dorcasy]

This is very true. Patience is of paramount importance in forex trading. Doing the trading comes with so much anxiety and excitement. So you need to learn to stay calm and do the plans you have with care and attention. Otherwise, giving in to your emotions may lead you to immense losses.

Patience in Forex trading has its good and bad side, patience comes with fear of loss as well as maintaining and preventing risk, In my own context,you might be patient till you miss a good entry and experience FOMO which means fear of missing out,by the time you enter the trade it's already late.

 

[a_jerobon]

It is almost always certain that you are going to be making some losses in your business before you can be able to get it correctly and that is something that you should not even panic about. The most important thing about forex is that you should eventually get it right and by the time you are doing so you must not have wasted all your money already and in this way you can be able to apply the right risk management criteria.

You are making alot of sense here. The beginning of every business is just a trial and you are prone to making mistakes. This is the same thing that happens in forex trading. At the beginning, you have not really mastered all the right strategies and so you may make losses here and there. I prefer that you don't spend too much money at the beginning. That way, you won't loose much. Then when you have mastered the art more, you can invest a higher amount.