Trading Discipline !!!! | Forex Factory

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Trading Discipline !!!!

  • #1
  • First Post: Jan 12, 2010 1:11am Jan 12, 2010 1:11am
I realize that what makes my trading strategy is a winning strategy is because DISCIPLINE !!!! Believe it or not, it's true.
  • #2
  • Jan 12, 2010 6:29am Jan 12, 2010 6:29am
Quoting ispizari
I realize that what makes my trading strategy is a winning strategy is because DISCIPLINE !!!! Believe it or not, it's true.
no traders can be discipline more than an EA(robot trades), but there still many losses EA. May be only with your strategy or it is too early to say
  • #3
  • Jan 12, 2010 7:22am Jan 12, 2010 7:22am
Quoting akukaya
no traders can be discipline more than an EA(robot trades), but there still many losses EA. May be only with your strategy or it is too early to say
Confucius say that EA only as disciplined as person who code it
  • #4
  • Jan 12, 2010 6:55pm Jan 12, 2010 6:55pm
Quoting Razor_trader
Confucius say that EA only as disciplined as person who code it
So, the success factor is not the disciplin it self, the edge of the coder code( trading rules/system) is in my opinion.
  • #5
  • Jan 13, 2010 3:13am Jan 13, 2010 3:13am
Yes I totally agree with that.
Discipline is the only thing that ensures entry based on valid criteria.
  • #6
  • Jan 14, 2010 1:41pm Jan 14, 2010 1:41pm
Congrats on the discipline


That combined with risk management are perhaps the two most deadly things, which if a trader lacks, leads to a blown account!
  • #7
  • Jan 14, 2010 7:54pm Jan 14, 2010 7:54pm
Quoting akukaya
So, the success factor is not the disciplin it self, the edge of the coder code( trading rules/system) is in my opinion.
Both, discipline and edge, are needed, IMHO.

Discipline without an edge is a slow death.

Edge without discipline is guaranteed death.
  • #8
  • Jan 15, 2010 4:50am Jan 15, 2010 4:50am
Quoting tjfxtrader
Both, discipline and edge, are needed, IMHO.

Discipline without an edge is a slow death.

Edge without discipline is guaranteed death.
Absolutely agree.

Confusciuos say : "A man who says He can and a man who says he can't , are probably both right"
It never gets easier, you just get better
  • #9
  • Jan 15, 2010 9:24pm Jan 15, 2010 9:24pm
Quoting Shabs19
Absolutely agree.

Confusciuos say : "A man who says He can and a man who says he can't , are probably both right"
Confucius say:

"The man who moves a mountain begins by carrying away small stones."


"It does not matter how slowly you go so long as you do not stop."
  • #10
  • Jan 17, 2010 12:16am Jan 17, 2010 12:16am
Master your system that produces positive pips within a period of time, focus, patient, stick to your system, use money management, trade your plan and trade your plan!
  • #11
  • Oct 14, 2020 6:10am Oct 14, 2020 6:10am
If you are new in this market, you need to gather all kinds of knowledge about forex. Without knowledge, it is quite tough to survive in this market.
  • #12
  • Oct 14, 2020 6:58am Oct 14, 2020 6:58am
I would say, plan your stuff and then make a move.
Discipline is hard to be maintained in forex, no doubt, but good practice, right kind of plan can make it a little easier to handle.
  • #13
  • Oct 14, 2020 7:16am Oct 14, 2020 7:16am
Quoting WillGagnon
If you are new in this market, you need to gather all kinds of knowledge about forex. Without knowledge, it is quite tough to survive in this market.
True and sound trading plan too.
  • #14
  • Oct 14, 2020 9:08am Oct 14, 2020 9:08am
Quoting akukaya
{quote} So, the success factor is not the disciplin it self, the edge of the coder code( trading rules/system) is in my opinion.
Of course coder matters and only he can do necessary changes according to the changing market. At the same time the user also need to use in a discipline manner. If I run the EA at a wrong time I'm going to suffer.
  • #15
  • Dec 28, 2020 2:42pm Dec 28, 2020 2:42pm
New traders should be careful when they invest their money into this risky market. They should make a good plan to make money from this market.
  • #16
  • Dec 28, 2020 8:20pm Dec 28, 2020 8:20pm
Yes, it is true. Success is never achieved without trading discipline. Discipline helps to perfect the trading system.
  • #17
  • Dec 29, 2020 1:23am Dec 29, 2020 1:23am
With disciplined approach, you can stop yourself from taking any kind of wrong decisions in trading.
  • #18
  • Dec 29, 2020 4:55am Dec 29, 2020 4:55am
Quoting Teotrader
With disciplined approach, you can stop yourself from taking any kind of wrong decisions in trading.
For trading discipline is a must. Without discipline surviving in the market is not possible. No matter how great strategy a person has. It won't help him for long.
  • #19
  • Dec 29, 2020 5:23am Dec 29, 2020 5:23am
Quoting HisaoFujioka
{quote} For trading discipline is a must. Without discipline surviving in the market is not possible. No matter how great strategy a person has. It won't help him for long.
Agree with you. Discipline helps a person to move forward in a right direction and ensures survival in the market.
  • #20
  • Dec 6, 2021 8:28pm Dec 6, 2021 8:28pm
In order to succeed in forex, discipline is crucial. First of all, in forex trading, we should increase our experience and knowledge, so we can trade effectively. The hard work is also essential to achieve success in forex trading, so we should work hard in the forex and keep working hard until we are successful, and we should trade with fresh and active minds, and to achieve success in the forex it is essential that we work with patience.
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