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 15th, 2009

The Market Does Not Care If We Win Or Lose (26 of 26)

This entry is part 26 of 26 in the series The Disciplined Forex TraderThe market will move up, down, and sideways.  It does not care about any one trader or any one institution.  It does not show favoritism in any one direction it just goes up and down just like it should do.  It does [...]

January 9th, 2009

Know When to Hold ‘em Know When to Fold ‘em (22 of 26)

This entry is part 22 of 26 in the series The Disciplined Forex TraderWe hear all the time that a trade should be scaled out of by one half when you reach a profit target then set your stop loss to break even on the remaining portion of the trade and let it run to [...]

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 [...]

January 2nd, 2009

Use Time to Monitor the Loss of a Trade (17 of 26)

This entry is part 17 of 26 in the series The Disciplined Forex TraderYou can determine that you will get out of a trade before a news announcement or you will not carry a trade over a weekend.  These are good ideas if you are in a trade that is going against the trend.  Many [...]

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 [...]

December 30th, 2008

Speculators 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 [...]

December 29th, 2008

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, 2008

Don’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, 2008

The 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.  [...]

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