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  1. #31
    Senior Investor Rahul247's Avatar
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    Discipline in trading is the way to go, as a trader you will make some mistakes and you will be able to grab many profitable opportunities as well, but in every situation what you need to do is that you need to control your emotions and be disciplined and practical enough to asses the situation and trade accordingly.

  2. #32
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    Absolutely true my friend patience, discipline and determination are three keys that can unlock any door no matter where it is. I have master two things which are determination and discipline but still I lack patience which has really got me into trouble plenty of times in my career so far. It is a huge challenge to work with discipline.

    I am completely dependent on my broker OctaFX to do this thing for me. They allow me to trade on swap free account, it is a great help since I am able to trade with money management which brings patience, so that really solves my issue and also I don’t need to fear about having to pay unnecessary fees to them.

  3. #33
    Senior Investor Rahul247's Avatar
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    Discipline is the way to go in the Forex Market. so as a trader you also need to take care of this factor, Discipline you need to control your trading plan, you need to stick to your fundamentals so that a trading plan can work. You need to take care of this factor in your trading plan in order to make it successful.

  4. #34
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    Discipline allows you to more effectively plan your work (trades) and work (trade) your plan. Discipline – “Habit of Obedience” – yes the keyword being habit, i.e. have a Trading Plan and make a habit of following it. The golden rule should be No Signal – No Trade.


    Passion - We may spend a third of our life working, so you deserve to feel fulfilled in what you do, you do it because you love to do it! – Yes the monetary rewards are the by-product of your success in doing things you love to do.


    How can you be naturally successful at something, continue to fine-tune your trading skills, seek the services of a mentor, and stomach the ups and downs of the business and if you don't know WHY you're doing it? As Michael Jordan once said, "If you have a love for the game, your talent will eventually catch up to you." So if you do not have the love for trading, will you succeed?


    To sum-up this Mental skill set PAIR (Discipline / Passion): You must be disciplined AND remain emotionally detached from the market. now I am trying to do trading with discipline at TenkoFx

  5. #35
    Senior Investor Rahul247's Avatar
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    Discipline can make you feel comfortable with your trading plan, you need to take care of this factor and when you are making a trading plan, you need to take this factor a one of the most important factor and then keep discipline all the way through in each and every situation of the trading plan.

  6. #36
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    Quote Originally Posted by Rahul247 View Post
    Discipline can make you feel comfortable with your trading plan, you need to take care of this factor and when you are making a trading plan, you need to take this factor a one of the most important factor and then keep discipline all the way through in each and every situation of the trading plan.
    Being disciplined is good in any job and in forex it helps in having good management of various factors that is needed for having positive trades.

  7. #37
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    Yes, discipline is not only important for the Forex Market but also in every field of the life, but in the FX Market it is really important because people are investing their real money and their investments means everything or them, so with out discipline a trader can loose money and cannot get success in the market.

  8. #38
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    Discipline allows you to more effectively plan your work (trades) and work (trade) your plan. Discipline – “Habit of Obedience” – yes the keyword being habit, i.e. have a Trading Plan and make a habit of following it. The golden rule should be No Signal – No Trade.

  9. #39
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    Discipline always brings rewards since we get into a habit that save us from greed, getting impatient or trading without plans so when we get discipline we make many things right for us. It is the easiest way to get success. I trade with OctaFX broker and with their service I am able to keep myself completely discipline. They have excellent trading platform where all my trading orders are executed instantly so this helps a lot especially in times where news get released.

  10. #40
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    Discipline in trading is the way to go and for all the traders in the market, they need to keep their discipline in order to get success in the Forex Market.

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