Become Good at Losing (16 of 26)
This entry is part 16 of 26 in the series The Disciplined Forex TraderWe get a lot of questions and comments about what this means. You should know by now that you will lose sometimes when trading. That does not mean you will lose all of your account unless you use poor money management techniques [...]
December 30th, 2008Speculators Always Lose (15 of 26)
This entry is part 15 of 26 in the series The Disciplined Forex TraderI have never met a successful speculator. It is impossible to speculate and consistently have large wins. Don’t be a speculator. Be a trader.
Trading in the direction of the trend on a 1 hr or 4 hr chart is always a good [...]
Don’t Worry About the News (14 of 26)
This entry is part 14 of 26 in the series The Disciplined Forex TraderDon’t worry about the news by the time you read it, it is history. Early in my trading career I was told to not listen to and TV or radio financial news. Stop reading Magazines, and newspapers about the financial markets. [...]
December 26th, 2008Don’t Turn Your Trades into Religious Trades (13 of 26)
This entry is part 13 of 26 in the series The Disciplined Forex TraderIf you think about it if you are praying for a trade to go one way there are others praying for it to go the other way. So the divine intervention you are seeking never seems to materialize. If you are using [...]
December 24th, 2008The First Loss (12 of 26)
This entry is part 12 of 26 in the series The Disciplined Forex TraderThe first loss is usually the smallest and least painful. When you know that the trade is no good it is best to get out ASAP, do not hesitate or delay or try to think It through just close the trade. [...]
December 23rd, 2008Stop The Pain Close the Losing Trades (11 of 26)
This entry is part 11 of 26 in the series The Disciplined Forex TraderYou are not a loser because you have a losing trade on. You are, however, a loser if you do not get out of the losing trade once you recognize that the trade is not going to come back. It’s interesting to [...]
December 22nd, 2008AND THE WINNER IS….
Thank you to all who participated in our contest. It was a success for sure and we are happy now to award one lucky Jump Start member with Launch Pad for free!!! Also our first 50 particpates like promised will receive a coupon code for 25% off Launch Pad. We will be emailing that to [...]
Develop the Skills to Trade Bigger (10 of 26)
This entry is part 10 of 26 in the series The Disciplined Forex TraderYou need to develop the skills to trade bigger. New traders should trade at their skill level not their pocketbook or trading account level. The new trader should not trade with 10-20 lots per trade just because they have the money. [...]
December 19th, 2008Be Able to Trade Another Day (9 of 26)
This entry is part 9 of 26 in the series The Disciplined Forex TraderYou always want to be able to trade another day.
If you really want to trade then you should never put yourself in the position where you have lost your trading capital. One of the most frustrating feelings is when you want to [...]
Develop Your Own Style (8 of 26)
This entry is part 8 of 26 in the series The Disciplined Forex TraderDevelop your own style don’t try to be like someone else. You have to be comfortable with the way you trade. It is very hard to try and trade like someone else. For example if you get to the point were [...]
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