FOREX = Discipline

peace be unto you ..(the islam short greeting )
I just display my opinion and want to hear yours if u please
I think forex is all about discipline and almost nothing else
chances in forex should be 50% winning and 50% losing because we either buy or sell and the market either goes up or down.
the spread has a little passive effect on chances of winning (say it becomes 48 %)
chances of winning should increase by our knowledge ,experience and intelligence.(it should now be more than 70%)
but the real ratio of success in forex is far less than it is supposed to be
(the real ratio of success is less than 10%)
why ?
because chances of winning is decreased by the strongest factor in the scene
what is it ?
it is our emotions that control us while trading
which involves us in bad trades
which makes us cut the profit and let our loss run
which .....
that is the factor which drive our chances of winning from more than 70% to less than 10%
for example .. when i trade in a demo account almost always i win about 200 net pips in few hours just with common sense and basic knowledge of market analysis ,whereas i lossed many real accounts !!! (don't worry i am fine )
now i am in a rest and will not trade again until i win my internal enemies
i think we neglect this important inner battle and instead we search systems for the holy or half-holy grail
i think common sense and basic knowledge is sufficient ,more knowledge is better and complicated systems is not the best solution to our lack of discipline
do u agree ?

Someone very cleverly put it on another thread: trading is not a two dimensional game. The opposite of "wrong" is not automatically right. If it's not the right time to buy, it does not mean it's time to sell. Think about a range: the price might go up by the end of the day but if it goes down a couple hundred pips first, your long could be in a big minus....

I think we're not only saying "price will go up to my TP" but also "..without going down and hitting my SL first". A big difference, isn't it?

So it's not a 50-50% game.

You need discipline and you need experience too. And you need to be able to change your habits, your ways.

If I don't change anything in my habits, how could I expect the results to get any better?

Iam not trying to make you mad but I am about sick to death of hearning all this handling your emotion mumbo jumbo. Positive thinking or encouraging one another because we know we can't win type stuff. Discretionary trading is nothing more than your rules that are not defined. If you have a rule use it and let the computer trade for you and walk away. Why do emotions have anything to do with trading unless ofcourse your trading without any rules?