Every traders are looking for secrets to be successful in trading. Many of newbie traders are asking if the successful traders are really willing to share their secrets.
In every field of successful person, they have a common denominator and that is Patience.
Why is it essential to be patient during our trading activity? Because the loosing traders does not want to wait for a good trades, they want to make money as much as they can, and what happened was the opposite, they loose their hard earned money.
Most of the impatient traders enter a trade without a basis, they just follow their emotions that they want to make money in forex to live their dreams, and they want it now, this result to overtrading and loosing much more. While the patient traders look for the long term success and they do not look for too much profit when they start trading, instead they develop a proper trading set up that will give them long term profit.
Be Patient to our trades
Market was moving on harmonic waves, it was going up and down for several times, if we are not patient we may close the trade and just take a little profit while those who wait for their set up was almost so sure of bigger profit. We should allow our trades to breath enough in the market, by placing little take profit or little stoploss proves that we are impatient.
Patience Control Emotions
Winning or loosing a trade gives us the feeling of greed and fear. Greedy when we have consecutive winning trades and fear for loosing more when we enter a wrong trade. Most often traders forgot the trading plan resulting to jump for more trades believing as if it was a lucky day or fear of loosing for it was a bad day. There's no problem if we believe in luck or bad-luck, but traders should not rely their trades based on it or else, It was not a trading anymore, its already gambling.
Patience is a good habit that should be develop in every traders. We all want to be successful, therefore we should change our attitude from being too much impatient to being unwearied, take trading as easy as possible. Don't get too much affected by winning or loosing trades, we are looking for long term growth so be patient.
Patience is a good habit that should be develop in every traders. We all want to be successful, therefore we should change our attitude from being too much impatient to being unwearied, take trading as easy as possible. Don't get too much affected by winning or loosing trades, we are looking for long term growth so be patient.
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