How to trade???
1.wait
2.wait
3.wait
4.patience
5.control centennial emotion
6.control greadiness
7. Makes profit
patience is important , but the main reason is we lost interest after passing sometimes on there. need a long time practice.
Yes if you have a good strategy…
Yes, you are right. Knowledge, proper learning, and patients is very important in forex trading.
Manage your forex capital wisely
Use stop-loss and limit orders, closeout positions, and hedge your exposure to the best of your ability.
Be sure that you are in control of your capital at all times.
good yes patience patience patience patience
Yeah agree patience is a big part and something that’s hard to come by when starting out
Please observe the following parable
Ahahahaha, that’s right.
It looks simple, but in reality it’s a real challenge.
controlling emotions is most important from all there is , in spite of having good knowledge and experience there is no way to bring profit consistently if you dont know how to manage emotions when time to trade.
To stay away from trading errors/losses, it is important to always practice patience daily. Make it a habit to motivate yourself, especially if you had just recently been through a losing trade. Motivation is key in getting back up and being in the right mindset. Never make business decisions out of pure emotion.
Emotional control is something that can be aided by your surroundings as well. If you are stressed about things outside of your trading then these are likely to leak in. For example, if you are in the slightest bit concerned about money then work on growing that from non-trading sources before you go into the markets.
Great all very interesting
One more thing is important to measure trade size capital magin
I would also add analysis to this list.
Because it is impossible to imagine working in the market without it, because it is the information you have and how you interpret it that determines the final result in the market.
I agree that patience and generally controlling emotions is most important in any business. That is why some people succeed and others lose everything and remain endlessly disappointed.
Suppose
Equity 100 usd
Risk max level 5%
Open trade of 0.01 a micro on a time
4% risk allocated amount should be used in need
In this way my formula is given above
1000 usd
1 lot
100 usd
1 micro lot
Risk max level 5%
Do not avoid level