The forex market requires patience in addition to competence. These are the three levels of patience that every trader experiences:

Patience in Waiting for Your Setup: Timing is Everything. To increase your chances of success, practice waiting patiently for the trade setup.

Patience to Sit on the Profits (Letting It Run): Refrain from taking profits too soon. Let profitable deals run their course to potentially increase profits.

Having patience during a drawdown is important because it is a normal aspect of trading. During these trying times, maintain patience and discipline.

Trading involves understanding the psychology of patience as well as math. Describe your experiences through these stages in your own words!

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