Following the path of discipline is one of the top three requirements for a successful Forex trader.
Ask any successful Forex trader what are the secrets of their success in surviving and prospering in the tough world of foreign currency trading. They will almost always tell you that one of the principal factors is having a strong discipline.
There is no escaping the fact that around 95% of the people who put their toe into swirling and potentially dangerous world of Forex get it bitten off. And sooner rather than later.
There are those who are so anxious to get started and fore go the almost obligatory two months run-in period. Known as demo trading in Forex jargon, this is always the first test for a trader to gauge if they have sufficient discipline and the steely character to make it.
Any expert will tell you that practice makes perfect. Why make the mistakes that inexperienced dealers will inevitably make, when you can practice and get the feel for trading while playing with virtual money.
Disciplined and successful dealers will tell you that whatever time it took them to learn the business, generate statistics and learn from them was the...
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