December 17th, 2009

Do We Learning From Our Mistakes 1 of 7

As we all know loosing is a part of trading.  Win some and lose some.  A trader needs to get use to
losing.  That does not mean you have to lose all the time but it will happen.  Once you have entered
a trade then it is a matter of managing the trade that makes a difference.
Many [...]

August 26th, 2009

The One Thing Every Trader Should Have In Their Trading

The One Thing Every Trader Should Have In Their Trading
Back on January 17th, 2008, we posted a blog about the 6 things to leave out of the market.  They are:
Emotion: Wanting the market to go a certain way.
Revenge: Some people think they will get even with the market…
Anger: People will get angry with themselves and [...]

August 24th, 2009

To Trade Disciplined That Is The Only Question

To Trade Disciplined That Is The Only Question
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.
If we are not disciplined in our daily living and as a human being.  Than we will never be a disciplined trader.  We need to
put everything [...]

July 24th, 2009

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 [...]

July 22nd, 2009

Objectivity

Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a
system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to
become emotional or allow yourself to be influenced by the opinion of others and outside sources who [...]

July 20th, 2009

Realistic Expectations

We have all heard of the get rich quick advertisements or the stories about people that made millions in a short
period of time trading the foreign currency market.  Taking this information seriously will cause you heart burn
when it does not happen to you. 
Everyone has to learn how to trade and it does not happen overnight.  [...]

July 17th, 2009

Patience

Once you know what to expect from your system, you must have the patience to wait for the price to reach the
levels that your system indicates for either the point of entry or exit. While you are waiting for the indicators
to give you the entry sign you can look at other currencies and [...]

January 20th, 2009

Small Wins vs. Large Losses

When we first start trading all of us have big dreams of how much money we will be making.  We dream of the new life we will be having.  All the places we will travel to and the things we will have.  What happens to those dreams?
Many of us are so excited to get started [...]

January 8th, 2009

Confidence & Control (21 of 26)

This entry is part 21 of 26 in the series The Disciplined Forex TraderKnowing you can do it BUILDS CONFIDENCE AND CONTROL. How nice would it to be to turn on your computer in the morning knowing that if you play by the Rules, trade with discipline and stick to your methodology, the probability [...]

December 31st, 2008

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 [...]

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