Of course, patience and strategy are very important in trading. We have heard before that practice makes a man successful. But a few days ago, in a lecture by American writer Shivkhera, I heard that only perfect practice makes a man successful. Actually, we need to know the rules of trading correctly. Only then will we succeed.
The first thing is to find is a strategy that you know have the potential of giving you what you want, a strategy tested and verified by someone you trust to be giving his honest opinion. After this, you then need patience to learn and practice such strategy and then implement on demo account before real account. Patience in trading is something needed as long as we remain traders and never a one time something. Surely the patient are always rewarded, that is one beautiful thing about patience.
Trading without patience will fail, that's for sure. It can be said that patience in trading is one of the important factors to achieve success. Even in any trading, patience is not just a word, but also an effective strategy to gain profit and minimize losses in trading.
With patience we can also make decisions or can make predictions not only for the long term but also for the long term. With patience we can find the right moment to enter trading because it is controlled by emotions or even because of fear of missing out. So patience is indeed an important factor while analyzing the market in order to choose the right moment to make decisions.