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Importance of Patience in Forex Trading


There is a Chinese proverb that says, “One moment of patience can ward off great disaster. One moment of impatience can destroy a whole life.” It’s a proverb worth remembering when thinking about Forex strategies, because when it comes to trading Forex, patience really is a virtue, while impatience can be disastrous.

Patience and discipline may well be the two most crucial keys to successful trading and the two habits are inextricably entwined. Not only do you need to have the discipline to structure and follow a trading plan, but you also need the patience to learn and practice Forex trading so that you can then apply that same patience to wait for the right set of trading conditions that suits your trading plan. It’s easier said than done, but learning patience is bound to save you much heartache and money. Practicing patience and applying it within your trading strategy can even help you to maximise trading profits.


Here are three key areas where patience is vital in Forex

Understanding why patience is important is totally different to being able to apply it in the heat of the moment. But, as Benjamin Franklin one said, “He that can have patience can have what he will.”

That’s why practice and training is so important when learning Forex trading. There is no better way to improve your trading than to have your very own personal FX coach & mentor, and when that coach is Rob Clayton you know you are in good hands!

When you arm yourself with up to date information, education, one on one coaching by our USGFX analyst and combine that with good trading habits your chances of sustained Forex trading success will improve markedly.

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