As elsewhere, discipline plays an important role in
forex trading. Successful forex traders have strong discipline. They plan each deal
and then simply trade their plans. If you do not develop a clear plan for trade
and follow it consistently, you will find difficulty in continuing earning
money as a trader.
Doing random profitable deal, even throw away any plan you made, this may only give
you some pleasure for short time, but in
general making occasional deals may adversely affect the ability to maintain
discipline in the long run. When you stop following your plan and be rewarded
for lack of discipline, you may then believe that following the plan is not such
a big deal. Unwarranted profits increased the tendency to follow any plan in
the future. Positive results from this are for short and the lack of discipline
always ends with a loss.
So be disciplined, because the discipline is the key
for successful trading!
No comments:
Post a Comment