Loses in trading are inevitable circumstances, whether you have an strategy with an edge, traders need to accept such fact that you cant win all the time, but as long that the loses are smaller that your winning still you will come out profitable in ...

Most traders fail because of no discipline!

Good point, but I wonder why is it that there are no signal providers in these websites that were mentioned that uses a legit strategy that can provide profits in the long run? Why it is that legit and professional traders shy away from this copy ...

Most traders fail because of no discipline!

Agree, but I think this case mostly happen only to beginners in this business but in general most traders uses a strategy that risk more as against to small winners, this is attested if we go to popular copy trade sites such as MQL5 and Zulu. Most ...

Most traders fail because of no discipline!

Poor money management can be related to having an strategy with bad RR ratio, most traders adapt an strategy that prefers small wins as against to huge loses, if traders can find/develop an strategy that can maintains good RR ratio in most of his ...

Most traders fail because of no discipline!

The cause of the problem is I think majority of traders come to this business or market having the wrong mindset, we are introduced in FOREX with the idea of there are lots of money to make in it, its a 4 trillion a day market, we can possibly have ...

Most traders fail because of no discipline!

This is what I am telling in my previous post, trading is a very different world it requires very disciplined move very detailed and precise actions that one small mistake can ruined your account, now in the real world being disciplined is only an ...

Most traders fail because of no discipline!

True, when a trader choose to follow or use a specific strategy it must be fully back tested first before used in live trading, at least you are assured that technically the system works, now if you fail in live trading then perhaps it will be ...

Most traders fail because of no discipline!

This is one aspect in scalping that must be addressed by traders because most scalping strategy requires bigger stop loss than TP so it is a must that you have a very high win-loss rate otherwise you will still come out a loser in the end, mental ...

Most traders fail because of no discipline!

I think being discipline in trading is much more harder than being discipline in any aspect of life that includes posting off topic discussions in the thread......

Most traders fail because of no discipline!

@Hurst and Anax, it would be great to introduce and learn new concept in the technical aspect of trading but it would be inappropriate to discuss it in this thread.

Most traders fail because of no discipline!

A good question, finding a strategy that has an edge will be up to the individual trader to find out and at what criteria that he can finally say hey this system has the edge. That is why it is important to be disciplined during the testing period ...

Most traders fail because of no discipline!

I say both are important, a good strategy will only be effective if the trader has the skills or ability to follow its trading rule consistently and observe proper risk management, otherwise it will yield the same bad results.

Most traders fail because of no discipline!

@Ronda and Dukas lets stop this never ending debate about RR, let us respect its others opinion, we have to admit that we cannot imposed our ideas and beliefs to other people, so lets just leave things as that, you already both express and explain ...

Most traders fail because of no discipline!

Precisely, and this should be the focus of all aspiring and struggling traders has to work out,finding a good methodology or a good system and implement its rule consistently over and over again(be disciplined), it is not an easy task but its the ...

Most traders fail because of no discipline!

Right, the ratio can be neglected we can talk about it in terms of profits, bottom line is you are making more money in your trading over a series of trades(winners minus losers) that define the so called edge in trading, but in order to arrive such ...

Most traders fail because of no discipline!

The simple definition of an edge in trading is a strategy that gives more winning trades than losing trades, meaning its a series of trades where you will have more winners as against the losing trades, for example you will take the next 100 trades ...

Most traders fail because of no discipline!

A good trading strategy will always be factor in trading,but the idea of better or good risk reward ratio is an ideal condition that most of us want but it does not mean that trader insists on it all the time, because we always have to assess ...

Most traders fail because of no discipline!

I agree, anybody that comes here and tell how good he is or how knowledgeable he is but cannot show real account statement backing such claims is just a big pretender, trading is not just about being experienced and knowledgeable,a lot of ...

Most traders fail because of no discipline!

I think the point of argument here is the word "meaningless", to me RR is an important aspect in trading, if you can develop a system with high winning percentage with a not so good RR then it would be much better if you can improve the RR to such ...

Most traders fail because of no discipline!

True, the psychological aspect of an individual will play an important part how we progress as a trader, impulsive type of a person will most likely struggles a lot in trading than those people that are naturally calm type personality. Traders has ...

Most traders fail because of no discipline!