How to Rules of Discipline In Forex Trading - What's up agan agan senusantara, at this time I will write about the Disciplinary Rules in Forex trading, and this is one of the very important role in the success of our trading, and therefore this article, we can all apply in making Forex Trading. Please be listened to either:
1. We paid for discipline.
No need to have a GPA of 5.0 to be successful in forex. Market only pay one thing from us that 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 hide out for a smoke it's called 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. Inagt, it's money that we spend, not paper.
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 wait for the chart and expect the money to be lots and lots, but often the market even right back and we still ended up hope and we have to spend money. No need to be greedy. market is open 24 hours. Still no tomorrow. Do not reject the fortune that's been obtained.
5. It's useless to make a mound of water.
If we had this afternoon 50pip profit, then the next trade usahakanlah 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 trading system. Whatever the indicator. Take paper and pen and write down our trading system, when we enter, when to exit, how many lots that open, where to put Take Profit and Stop Loss. Include a screenshot of it. Make it as detailed as possible. Make it as if we are teaching to our mentradingkan million dollars. After that printlalu store next to the computer. If trading system succeeds 50% of the faithful.
7. Find the most comfortable clothes.
Do not wear thick black when the scorching afternoon. Its good to others is not necessarily as good for us. So if we are comfortable with the Time Frame 15M, why should you force yourself to Time Frame daily even if it always makes you uncomfortable? 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.
Apakah tsunami wave was heading to our house? Whether to start next week, will pass forex? If not, then why do we rush to rake in as much profit 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, buy milk children, and others. There's nothing more depressing than knowing that prices will move 200 pips but not sufficient funds in our account.
9. Adjust the size of the shoulder.
If it is still frequent micro trading MC (Margin Call) why we think in the standard will not be Margin Call? If 1 lot only loss often really, why do we think the 10 lots will be different? If the fight Cris John just is not going to win why maksa ngelawan Tyson? No need mikul 10 bags of rice when only one sack was gout. Follow the process: from Demo Accounts, 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. The snapper is still frequently wrong. No matter our loss today, which is important in the final report still profit.
11. Just one big idea, and live like a king.
The great inventor certainly understand this, musicians, entrepreneurs, and all those who name is never dead. Graham Bell, Edison, Soekarno, Elvis Presley, Laureate, George Soros, Colonel Sanders, and other great people, all possess in common is having a great idea and focus on it. Because they know, once the idea is realized, they will live like a king. Discover the best way of trading that we think masing2, do not stop to fix it, and be faithful. Do anything to find it, and live like kings. But money management and discipline will determine how long we live in a palace.
12. Just follow the wind.
So many factors that determine where the winds blow and how strong: contour terrain, temperature, deforestation, the position of the moon and stars, the amount of nitrogen in the soil, the number of worms that die per week, etc., etc.. But in the end does not really matter what the wind move, but in what direction we are developing the screen when the wind comes. In the end is not very important to analyze the price before the news happens, just follow the direction of flow that it generates.
13. Clever old teacher.
Perhaps the school days we ever wondered why we are so smooth PPKN teacher called one by one point Pancasila, or physics teacher who by rote formulas describe general relativity? Now we would have to know the secret, so that starting today we are faithful to the trading system, we repeated every day, we pelototin every hour, imagine how powerful we are 5 or 8 years from now. Keep practicing.
14. Not where we are today, but where we are tomorrow.
All traders know it feels Margin call, knew it was pingin nonjok monitor. We know it feels hopeless. But the good news, if there is a successful trader who never ngerasain it all? They've all felt it, and they are successful now. Means we're right in the same way with them. Go ahead, as long as we continue to walk (or crawl) a day must have arrived there. It does not matter how big our MC, but how much of our dreams.
15. Snatch little or jaw offSome of us may have a daily profit target of 50 pips or 100 pips, or 200 pips. Whatever our target, try trading broken down in recent times. Getting 100pip once trading is often much more difficult (mental and technical) than in 5 times trading. Eat a bite after bite is easier and more fun than 1 plate immediately.
16. About the wait.
What are the main skills required to become a powerful hunter? Shoot? Could be. But there is a saying popular among hunters: Waiting is half the success. Similarly, when a lion hunt. Much of his time is spent waiting for the right to settle, not for running around chasing prey. Have a thousand and a thousand indicator system is nothing without the know how to enjoy a period of waiting.
17. On guard tower.
If we stand so low that it can not see where the storm is headed, ask the guard tower. If we stand too high so can not feel the ground shaking, ask those who are at the bottom. Look at what is happening in the TF large and small, and then decide where to run.
18. History repeats itself.
We are in the era interglacier, where Noah flood will come again. The fossil say it turns out the world is dikiamatkan berkali2. Asteroid striking the Earth and would never come again. History always repeats. Buy a good book and make a trading journal, write down the mistakes and achievements of our every day. One day there must be good, because the double tops and doji will come again. False signal will always tempting. Because history repeats itself.
19. Occasionally be robots.
Target trading we want to buy a bigger TV or a more sleek cars before high school reunion next month? Our trading capital proceeds payable to the bank and a debt collector is waiting at the front door? Or we just fight with the boss right before the European session open? Or we just eliminate the money from selling rice in 10 seconds? Remove emotion or do not see the chart at all, because the market does not care at all about our problems, he still would move anywhere at will. Occasionally be robots.
20. Learn to hit the floor.
Take a tennis ball. Banting firmly to the floor, see how high he bounces. True, we all know the harder he hit the higher he flew. So also with us, the loss is important to make us more cautious, Margin Call was necessary to force us discipline, believe all our failures today is useless, it is a hard floor that will fly us high someday.
Here's 20 things that are worth trading in the discipline we know and in doing each one of us in the Forex market, I hope useful!
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