Discipline
Discipline is the ability to be patient – to sit on your hands until your system triggers an action point.
Sometimes the price won’t reach your anticipated price point. At this time you must have the discipline to
believe in your system and not to second-guess it. Discipline is also the ability to pull the trigger when
your system indicates to do so.
Just remember you get paid to wait. Let the trade come to you. Try this exercise: take a look at the indicators
on a 15 minute time frame. See where the market does a break out. Then look at a larger time frame, say the 1
hour. You will see that when the larger time frame makes a good break and you entered on the larger time frame
you would have bypassed the noise that a smaller time frame creates before it gives the signal for the big move.
Tags: be a better forex trader, forex strategy, forex tips, Forex trading, The Disciplined Forex Trader, Trading smart
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Personally,I think discipline is the first thing we should learn before doing anything,not just forex.But it is very hard to get discipline for yourself.