We do not need to have a GPA of 5.0, no need smart mathematics, need not fluent 4 languages, do not need to have a work experience of 10 years, do not have to get up early to go home the night to succeed in forex. Market pay only one thing of us: discipline. Just one. And yes just that it needs here, Discipline and the market will meet our account.
2. Otherwise the ball is not round.
If out of 10 trading we are disciplined only 9 then we certainly can not say the discipline. If we say "I've stopped smoking" but still likes to smoke secretly that his name has NOT quit smoking. Learn to discipline in any trade.
3. Do not treat burns with fire.
When the market moves do not fit with what we expect why should exacerbated by opening the same position continuously even with that lot bigger? Immediately exit or reduce its lot. That you know that we spend money, not guava leaves.
4. Do not reject fortune.
We've all done this. Market has come out of money for us by moving in the direction that we expected but we are not satisfied with the little money. Then we stay close charts and expect the money to be lots and lots, but often the market even right back and we still hope and that we ended up having to spend money. No need to be greedy. After all, the market is open 24 hours. Still no tomorrow. Do not reject the fortune that's been served.
5. It's useless to make a mound of water.
If we had this afternoon 50pip profit, then make sure the next trade no more than 50pip loss. When the time is right, immediately move the stop loss to 1. Make a mound of soil, not water.
6. Faithful.
Whatever our trading system. Whatever the indicator. Take paper and pen (or open microsoft word). Write our trading system, when we enter, when to exit, how many lots that open, where to put the TP and SL. Include a screenshot of it. Make it as detailed as possible. Make seolah2 we're teaching elementary students for a million dollars traded us. After that print and laminate if necessary. Put it next to the computer. If trading system succeeds 50% of the faithful.
7. Find the most comfortable clothes.
Do not wear suede jacket if you are allergic to the material. Do not wear thick black when that scorching afternoon. Its good to others is not necessarily as good for us. So if we are comfortable with TF15m, why should you force yourself dg daily TF if it is actually always make excited? Yeah try anyway okay, but quite in acc demo or micro. Look for the most profitable trading style but also the most comfortable and enjoyable by each of us.
8. Make sure that tomorrow we can still trade.
Did a meteor is heading Earth? Is a tsunami was heading to our house? Is forex starting next week, will pass? If not, then why do we want to dredge terburu2 profit as much as possible today? Do not over-trade, should not be at risk too much money, make sure that tomorrow we still have a balance to trade, so I can pay the mortgage, kids can buy milk, and so on. There's nothing more depressing than knowing that prices will move 200 pips but there are not enough funds in our account.
9. Adjust the size of the shoulder.
If you have not graduated junior high school, why do we think it deserves to high school? If trading micro MC are still often why we thought it would not be in the standard MC? If 1lot only loss often really, why do we think 10lot be different? If the fight Cris John just is not going to win why force against Tyson? No need to carry 10 bags of rice when only one sack already sick. Follow the process: demos, micro, mini, standard.
10. When the building is on fire, come on out.
Losers were not at our loss. Losers that if we knew the price was clearly behind the body but still did not dare to cut loss. Do not be afraid to admit we were wrong analysis. All traders must have loss. Great still often wrong. loss is not our problem today, which is important in the final report still profit. Let the profit run, but cut your losses.
Thanks. ^ _ ^
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