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 [...]
August 26th, 2009The 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 [...]
August 24th, 2009To 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 [...]
July 24th, 2009Discipline
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, 2009Objectivity
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 [...]
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