I think that even with a strategy, emotion, and frustration can creep in.  It really needs exceptional patience to be successful.

Some time trader concentration and hard work did not become fruitfull for his at that time he need to become smart. He must develop some effective ways that turn his trading into profitable. Remember one thing losses always come into the way of success trader need to mange them accordingly and trader efforts should lead him to minimize losses.

Minimising losses is about placing your entry at the correct place.  Its also about being patient to see those opportunities where the probabilities stack towards taking more pips, and the risk is limited.  80%+ win rates are nonsense for retail traders.

Originally posted by Champ

 

Originally posted by ironical

 

I have noticed it that while trading a demo account, we usually trade without any "emotion factor". But even if we try our best to do similar in live trading, it becomes impossible.

I think it is only possible to trade with discipline and patience if our invested money do not have much worth for us. For example a millionaire investing a couple of thousands to learn forex. He can trade with peace of mind.

 

 

Coz demo is not our money so no tension.

Indeed. In demo, we are just using fake money. We can trade as much as we want, not minding if we lose or not.