Practice patience and avoid impulsive trading from "summary" of Profiting With Forex by John Jagerson,S. Wade Hansen
When it comes to trading forex, one of the most important concepts to keep in mind is the need to exercise patience and avoid making impulsive decisions. This may seem like common sense, but in the fast-paced world of currency trading, it can be all too easy to get caught up in the excitement and make rash choices. Impulsive trading is a surefire way to lose money in the forex market. When you act on impulse, you are not thinking logically or strategically about your trades. Instead, you are simply reacting to your emotions in the moment. This often leads to making trades based on fear or greed, rather than on s...
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