Is Trading Success depends on Plan and Patience?

[PhoneticNachos]

Yes, also good bankroll management is often overlooked.

 

[e_abrams]

Trading depends on a lot of things - on having a plan, on being patient, disciplined, knowledgeable, on having a decent broker, on having a tiny bit of luck sometimes, on being adaptable, and so on, and so forth.

 

[jimcarter]

The answer to this question depends on what you mean by "success." For some, trading success may mean making money consistently over time. For others, it might mean hitting a specific target price or taking a particular position at the right time. Regardless of what you mean by "success," it's essential to have a plan and be patient while trading. If you don't have a plan or are impatient, you'll likely end up frustrated and give up on your trading career.

 

[Marco877]

Do doubt, trading mindset plays an important role here! Because, Forex is a uncertain area; so it’s very important to have multiple trading plans like plan A, plan B, plan C etc!