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    1. #1
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      How can patience increase your profit factor?

      There are many people who are trying to increase their profit. Al of the traders start their trading with a small account and it is good for your money. If you have ever thought that you will start with a big account and show the other traders that you do not need to use the leverage, you will be going out of the market very soon. You need to understand that patients can increase your success and not many do not start their career with a lot of money. They know the risks in Forex and if you want to make your money, you have to know and master patience. If you are impatient and want to make your money when you are trading in markets, you will have to use strategy and you may place trades that will take all of your money.

      Professional traders in the UK are like turtles who can wait for months in Forex. Do not neglect them and think you will bring a new age of trading in Forex as it is not possible. The master investor, Warren Buffet has once said: “the stock market is an excellent device for taking money from the impatient traders and giving it to the patient traders”. The strategy, the analysis is not the only answer to increase your profit in Forex. Patience is also needed if you want to take your career to the professional stage. This article will tell you how you can trade the market like the professional trader when you are patience and how patience can improve your profit spawning.

      Patience has its own reward
      Most of the retail traders don’t understand the fact that without showing an extreme level of patience it’s nearly impossible to make money in the online trading industry. If you look at the successful trader at Saxo then you will be surprised to see that they are waiting for more than weeks only to have one good trade. On the contrary, the novice traders are busy at placing random trades without doing the perfect market analysis. Some of you might say it’s really hard to develop patience but if you use the demo trading account for the first six months then you learn how to stay in the sideline for the best trade setup.

      Short term traders get direct hit of the volatility
      We all know that Forex markets are volatile and if you do not know how to trade in volatility, you have to practice in demo accounts and grow up your techniques. Most people like to trade for short-term profit and these people are mostly impatience people. They want to make instant profits in markets which are not possible all the time and they get roosted by the volatility. If you are the patient trader, you will not use short-term strategy and you will wait for the volatility to end. This is the way professional traders’ trade in this market and only with their profit, they make a lot of money in Forex. If you follow their styles you will be also making your patience and strategy.

      Trends can be against you for a long time
      Your profit is not profitable from the moment you have placed it on the market. It has to overcome the spread of your broker and it will need the trend to work in your favor for a long time to make a significant profit in Forex. We are not saying to need to make a hundred dollar profit in your one trades but it should match with your trading goals. People who hold their positions on the market for a long time has more success rate than the other traders. The trends get the time to work in their favor and they make their profits. Patience can increase your profit by many times without not doing anything.

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    3. #2
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      Re: How can patience increase your profit factor?

      Patience is one of the best and most important virtues that any forex trader can have. Being patient and waiting for the only best price action will help you to greatly improve your win rate and confidence. Lack of confidence is one of the biggest reason that many traders fail to make money and end of repeating the same circle in the market.

      https://www.amarkets.com/education/

    4. #3
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      Re: How can patience increase your profit factor?

      Quote Originally Posted by Murphy View Post
      Patience is one of the best and most important virtues that any forex trader can have. Being patient and waiting for the only best price action will help you to greatly improve your win rate and confidence. Lack of confidence is one of the biggest reason that many traders fail to make money and end of repeating the same circle in the market.

      https://www.amarkets.com/education/
      Well sharing useful links further, here is some insight about profit factor and patience from Hotforex experts https://www.hotforex.com/sv/en/tradi...education.html

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