Forex Zone - Forex Forum

Two Methods for Practicing Patience in Trading

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
a patient method here we can use a high time period or use leverage that is not too large. It's all up to you. What's important here is your focus on maintaining management and developing capital.
#541 - November 10, 2023, 05:28:14 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
If you want to use the patience method, I suggest you use a period of one day to 1 week. In my opinion, the trend in that time period will definitely be very valid for you to use.
#542 - November 11, 2023, 05:23:07 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
If you use the patience method, I suggest you use a time period of more than one day, so that later you can observe the running trend and find a tendency to open a position.
#543 - November 13, 2023, 05:50:17 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
I do use a high time period, usually I use one week to see the direction of the trend later, when for Open Positions I use 30 minutes to 4 hours depending on the momentum that arises so to train patience I agree to use a high time period
#544 - November 15, 2023, 02:38:08 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
with the patience method we can definitely use trading well. One of the patience methods is to use a long period of time, a high period of time to obtain information about the real trend conditions which we can use to open positions.
#545 - November 17, 2023, 05:45:44 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
In my opinion, the best method of patience is to use a long period of time because using a long period of time can make you feel more relieved, not opening too many positions and not opening the chart too often.
#546 - November 19, 2023, 03:46:33 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
The patience method is of course using a high time period to carry out analysis without using a high time period, maybe you will always open positions and the result will be that you will become a greedy person, therefore it is important to practice this kind of exercise.
#547 - November 21, 2023, 06:01:22 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
The most important method of patience in my opinion here is to use a long period of time and use reasonable lots because when you use these two things well then you will not always open positions when there is really no right momentum or no confirmation. just right
#548 - November 23, 2023, 02:12:46 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
In my opinion, using a high time period, apart from being able to control emotions, can also make us patient to wait for momentum because we don't have to open positions all the time and that makes us psychologically stable and our life in carrying out trading will feel comfortable and on target.
#549 - November 24, 2023, 04:19:18 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
The patience method here is that you can use a long period of time. When you use a long period of time, you can get benefits with the best results. Get profits in the right way and later this will have a significant impact on yourself.
#550 - November 27, 2023, 04:06:19 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Psychological control and patience in trading are very important, when we think about how to make big profits, we also shouldn't ignore the risks we will face, do everything according to our ability, don't be too forced to achieve big profits, which in the end will result in failure.
#551 - November 28, 2023, 12:38:22 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
The patience method here can indeed be used with the use of high time period analysis because when you use it for a short time period you will be greedy you will continue to open positions but when you use the time method above 4 hours or one day I am sure you will  Be patient
#552 - November 29, 2023, 12:48:12 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
being patient and consistent in trading can be done by anyone, there is no need to rush every time we learn trading, don't complain too much and feel down when we first learn forex. One of the ways we can trade successfully is by always being patient and maybe we can try trading in a larger time frame.
#553 - November 29, 2023, 12:51:19 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
I feel that the most important method of patience is to use a high time period, at least one hour and above or 4 hours above so that you understand the direction of the trend which is good, we will analyze it over a long period of time.
#554 - November 30, 2023, 03:35:10 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
When you use a good patience method, you can use a period of time for this problem because after all, using the patience method will actually make you feel comfortable to carry out the right analysis.
#555 - December 01, 2023, 06:19:22 AM

Members:

0 Members and 1 Guest are viewing this topic.