We do not need to have a GPA of 5.0, no need to good at math, no need fluent 4 languages, no need to have the work experience of 10 years, no need to get up early to go home tonight to succeed in forex. Market pay only one thing from us: DISCIPLINE. Just one. And yes that's just it needs here, Discipline and the market will meet our account.
2. Not a ball that is not round.
Then from 10 trading we are disciplined only 9 then we certainly can not be said of discipline. If we say "I've quit smoking" but still secretly smoking can not be said to have quit smoking. Learn to discipline in every trade.
3. Do not treat a burn with fire.
When the market moves are not in keeping with who we expect why should exacerbated by opening the same position continuously even handling a larger lot? Immediately exit or reduce its lot. That's who you know we spend money, instead of guava leaves.
4. Do not reject fortune.
We've all done this. Market has the money to serve us with a move in the direction that we expected but we are not satisfied with a little money. Then we stay close charts and expects the money to be lots and lots, but instead behind the market is often right and we still hope and eventually even we who have to spend money. No need to get greedy. Yet the market is open 24 hours. There is still tomorrow. Do not reject fortune who had served.
5. Useless to make a mound of water.
say this afternoon we have 50 pips profit, then get yourself the next trade should not lose more than 50 pips. If the time is right, immediately move the stop loss to +1. Make a mound of soil, not water.
6. Be faithful.
Whatever our trading system. Whatever the indicator. Take paper and pen (or open Microsoft Word). Write our trading system, when we go, when to get out, how many lots who opened, which put the TP and SL. Include a screenshot of it. Make it as detailed as possible. Make it as if we're trying to teach elementary school children to transact a million dollars of our money. After that print and laminate if necessary. Put it beside the computer. If the trading system is successful 50% . Then be faithful.
7. Look for clothing that is most comfortable.
Do not wear suede jacket IF you are allergic to the material. Do not wear black clothes during the day who the hot thick. Good for others is not necessarily as good for us. So if we're comfortable with TF15m, why should you force yourself to daily TF if it even always makes excited? may be tried, but quite in acc demo or micro. Look who's most profitable style of trading but also the most comfortable and enjoyable by each of us.
8. Make sure that tomorrow we can still trading.
Did a meteor in use towards the earth? Do tsunami waves toward the center in our house? Is forex starting next week, will pass? If not, then why are we in a hurry to plow profits as much today as well? Do not "over-trade", should not be at risk too much money, make sure that tomorrow we still have a balance for trading, so we can pay the mortgage, can buy a milk for the kids , and so on. No one is more depressing than knowing the price will move 200 pips but there are not enough funds in our account.
9. Adjust the size of the shoulder.
If it has not passed the junior high school, why do we think it worthy to sit at the high school? If it is still frequent trading Micro "MC" why we think the standard will not get MC? If 1 lot only loss often really, why do we think 10 lot will be different? If you can not win against Cris John why willing a force to fight Tyson? No need to carry 10 bags of shopping when a sack just had gout. Follow the process: demo, micro, mini, standard.
10. When the building is burning , get out.
Losers were not when we loss. Losers that if we knew the price was clearly reversed but still did not dare to cut loss. Do not be afraid to admit we're wrong analysis. All traders must have loss. That professionals can be wrong. does not matter if we loss today, the important is the report remains profit in the end of the month. Let the profits run, but cut your losses.
11. Just one big idea, and live like a king.
The great inventor must understand this, the musicians, entrepreneurs, and all those name who is never dead. Graham Bell, Edison, Sukarno, Elvis Presley, Nobel, George Soros, Colonel Sanders, and other great people, all possess in common. Have a great idea and focus on it. Because they know, when the great idea that is achieved then they will live like a king. Discover the best way for our trading, do not stop to fix it, and be faithful. Do anything to find it, and live like a king. money management and discipline will determine how long we stay in the palace.
12. Just follow the wind.
So many factors that determine where the wind will blow and how forcefully: the contours of terrain, temperature, deforestation, the position of the moon and stars, the amount of nitrogen in the soil, the number of worms who die per week, etc., etc.. But in the end does not really matter what the wind moves, but the direction in which we develop the screen when the wind came. In the end not very important to analyze the price before the news, just follow the directions and the currents resultant.
13. the older teachers who are good
at school, we might wonder why our teachers are so well enumerate the verses of the law, or physics teacher who by rote formula describing general relativity? Now we would already know the secret, because they are every day for years talking about the same thing to students .. (hehe... teachers don't feel offended please, just kidding). So, starting today if we are faithful to our trading system, we repeat every day, we learn every hour, imagine how great we are for 5 or 8 years from now. Keep practicing.
14. What is important is not where we are today, but where we are tomorrow
Yes, we know it's exposed to MC, know it feels like to hit the monitor. We know it feels hopeless. But the good news, if there are successful traders who have never felt it all? They've all felt it, and they are successful now. Means we're right on the road with them. Go ahead, as long as we continue to walk (or crawl) a day must have been up there too. Does not matter how big our MC , but how big our dreams.
15. Biting piecemeal or your jaw loose
Some of us may have a 50 pips profit as a daily target , or 100 pips or 200 pips. Regardless of our target, try to split in multiple trades. Getting 100 pip once trading is often much harder (mentally and technically) than in 5 times trading. Eat a bite after bite will be much easier and fun than a straight plate.
16. About wait
What are the main skills required to become a reliable hunter? Shooting? Could be. But there is a popular saying among hunters: Waiting is half the success. Similarly, when a lion hunt buffalo. Most of the time spent to sneak waiting auspicious moment, not for running around chasing the buffalo. Have a thousand and a thousand indicators system is nothing without the know how to enjoy the wait.
17. On guard tower
If where we stand so low that it can not see where the storm is headed, ask a guard tower. If where we stand is too high so can not feel the ground shaking, ask those who are below. Look at what is happening in the TF, large and small, and then decide where to run.
18. History repeats itselfIf where we stand so low that it can not see where the storm is headed, ask a guard tower. If where we stand is too high so can not feel the ground shaking, ask those who are below. Look at what is happening in the TF, large and small, and then decide where to run.
We're in an age interglacier, where the prophet Noah's flood will come again. Fossil says it has repeatedly apocalypse. Asteroids have hit the earth and definitely come again. History always repeats. Buy a good book and make a trading journal, write down the mistakes and our accomplishments every day. One day there must have been pointless, because the double top and the doji will come again. False signals will always be tempting. Because history will repeat itself.
Trading targets we want to buy a bigger television or a more polished car before high school reunion next month? Our trading capital of the debt to the bank and a debt collector center in waiting at the door? Or we just fight with the boss just before the European session open? Or we just remove the money from selling our electronics in 10 seconds? Get rid of emotions or do not see the chart at all, because the market does not care anything about our problems, he still will move wherever it wants, even though we are threatened suicide in front of the broker. Be a robot Occasionally.
20. Learning to hit the floor.
Take a tennis ball. snap firmly into the floor. See how high he bounces. Yup, we all know the harder he hit the higher he flies. So also with us, loss is important to make us more cautious, MC's need to force our disciplined, believe all our yesterday failures will be useful , it was hard floor that would fly us up high one day.
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