Patience is virtue for the traders

[forexianz]

Patience is really virtue. Patience is needed when we want to learn and trade. If we don't have good patience then it will be a great problem. We know that there are lot of chances in the market so we need to wait patiently. If we wait patiently and trade at the right time then we can make good income from this business. Following are some ways that you can follow in order to develop good patience in yourself :

1) Always mingle with patience traders
- There are lot of patience traders and we need to mingle with them. If we mingle with them we can get patience like them.

2) Don't monitor the chart too frequently
- We need to avoid from looking the chart too frequently as we tend to open an order on the market. This is called as impatience.

3) Be independence
- We need to be independence and don't rely much on others. We can do it in our own. We must believe with our own potentials. If they can do, we also can do it.

In this business, it is important to have patience. Good patience will bring us success in this business. After all, we must always learn new things and develop good personality in ourselves. Good luck buddies.

[abdul_qader031]

Patience about forex trading can bring good success for a forex trader.Sometimes a trader need to wait for his achievement from forex. So he must need to calm.If he do negative reaction for that then he can lose his money in forex. There is quote that "Patience is bitter but its fruit is sweet". If a trader want to long term profit from forex then he must need lot of patience about forex.

[sid006]

Patience in Trading

Patience are so much important in Forex trading business they helps the trader to get a better results in their trading those traders who do patience they get a very good result from their trading many traders don't able to to give patience I have lost too much money without doing patients and without waiting for the good time for doing trading every trader should keep in mind that forex trading market mojo 24 hours and these 24 hours are not good for doing trading we have to wait for the good time to do trading and we have to get to better results by giving patience to our work

[borisforex]

Being patient as a trader:
Being patient is a treasure in trading world, and it is different from fear of trading. Being patient means…. Waiting for prices to reach levels that you think are suitable for you before trading, possibility of waiting hours before entering the market. Profit from trades is the goal, not the number of daily trades. Not to trade just because you are bored or because prices are moving. Do not trade on advice. You will find a great difference in advice and opinions, even among so-called experts. Do your own research before trading.

Patience affects your trading dicisions:
Cut your losses and reap your profits, do not take profit early because of fear. Fear drives your mind to question and interact, although the investment is still safe and profitable, regardless of how small the profit is. On the other hand, don't let a profitable trade turn into a loss. Set yourself rules to follow, close your trades if the market loses 20% of your target profits. This enables you to ensure that your emotions do not get out of control during the trading. Except for some special circumstances, allow yourself to turn a profit early. Also, It is a common mistake to close a profitable position and keep a losing position.

[zainabafa5]

There is really nothing better than patience when it comes to starting something as big as trading in the forex market because in business, let alone trading, of course, we will not be separated from what is called losing. So when we take a loss or a stop loss, it is of course normal and we must respect it. Therefore, do not make it a trigger of emotions and, in the end, respond with malice to the market. Of course, if we trade, we will be reckless, instead of compensating for losses, this will plunge us into bigger losses, so keep in mind that losses come naturally and never make them emotional. Especially depression so that we are not affected by the next process and it can be consistent with a good and correct process. Of course, patience in and of itself is the best strategy.

[boxzone]

Definitely agreed. I don't think most traders realize how many good opportunities can be found just by being patient and not trying to enter a trade the moment you open the charts. If you are patient, you are already on the way to success.