Discipline of mind is the key to successful operation.

Printable View

Show 40 post(s) from this thread on one page

2012-05-31 03:40 PM
fx_boy

Quote:

Originally Posted by biouscope

Discipline of mind is the key to successful operation

ya i am agree with you and i am hardly believe this. Discipline trader make profit in every situation so you should try to be a discipline trader if you want to continue this business.If you able to be a discipline trader no one can stop your success.
2012-05-31 03:42 PM
digger_jim

Quote:

Originally Posted by fx_boy

ya i am agree with you and i am hardly believe this. Discipline trader make profit in every situation so you should try to be a discipline trader if you want to continue this business.If you able to be a discipline trader no one can stop your success.

That would be impossible, to "make profit in every situation." I mean, come on, man. Many successful traders adviced you to "cut your losses short." Just what in the world it means if not they already have a loss and just didn't like to let it run wild. And what kind of profit can you make when you cut your "loss" short?
2012-05-31 03:46 PM
digger_jim

Quote:

Originally Posted by fx_boy

ya i am agree with you and i am hardly believe this. Discipline trader make profit in every situation so you should try to be a discipline trader if you want to continue this business.If you able to be a discipline trader no one can stop your success.

That would be impossible, to "make profit in every situation." I mean, come on, man. Many successful traders adviced you to "cut your losses short." Just what in the world it means if not they already have a loss and just didn't like to let it run wild. And what kind of profit can you make when you cut your "loss" short?
2012-05-31 04:11 PM
waqes gill

Quote:

Originally Posted by biouscope

Can become a successful investor or large traders, the market will follow you into action, breathing pulse, even leading the market direction." This is some of the investor's "dream." In fact, the idea is wrong.
To be a successful investor or operator instead, must be strictly laid down their own "discipline" rather than be with nature. As the military demands of a regular daily routine. Although compliance is difficult, very hard, because it is a little more or less against the humanity. But I more than 10 years in the trading room to see the success of investors, large fund managers, such as the U.S. champion manipulator of people Mading Shu, Mr. Edwards, who are both strict discipline of the people trading investments.

So in the end to observe the things which only comply with the "discipline" standard?

Is very simple, all transactions over the preceding mention of the principles, such as:

1, since the transaction set a clear plan;

2, strict implementation of stop loss, stop interest alone;

3, the admission should be admitted according to the signal;

4, phased capital investment, followed by the establishment of the position, not desperate;

5, not with sex but is that with the emotions into the appearance;

6, no pre-trade drinking, overdraft physical and lifestyle to be a regular;

7, examine and reflect on each transaction, to develop a discussion and make trade journal.

You are absolutely right disclipne is alwayes necessary to work on a good strategic position , disclipne always help to improve our basic skills and also to spend a successful life , Forex forum is the business of decipline ,rule and regulation if you trading is according to the market descipline then you alwayes successful in this forum .
2012-05-31 04:18 PM
tarun2305

Quote:

Originally Posted by waqes gill

You are absolutely right disclipne is alwayes necessary to work on a good strategic position , disclipne always help to improve our basic skills and also to spend a successful life , Forex forum is the business of decipline ,rule and regulation if you trading is according to the market descipline then you alwayes successful in this forum .

haan kisi bhi trading system me discipline e ke aisa factor hai jiske bina koi bhi trading me success nhi ho skata hai akyuki discipline se aapko consistent profit milta rhta hai
2012-05-31 04:23 PM
zahira

Quote:

Originally Posted by digger_jim

hat would be impossible, to "make profit in every situation." I mean, come on, man. Many successful traders adviced you to "cut your losses short." Just what in the world it means if not they already have a loss and just didn't like to let it run wild. And what kind of profit can you make when you cut your "loss" short?

I think traders always try to manage the capital.A trader always try to minimize their risks and losses which will lead to higher profits.Also good money management will minimize the risk of our trade .
2012-05-31 04:23 PM
irena_xcn

yes, true, I don't know why posts came up about drinking recntly? what does forex have to do with drinking? it's a matter of personal and i mean normal respect to yourself and what you are doing to skip this problem whatsoever. Anyway, I myself can't concentrate at all if i drink and this concerns any work i do
2012-05-31 04:28 PM
fxmilon

Forex good trading rely on good discipline of mind. So forex traders need to be so discipline of mind to the successful operation in the forex market. Without discipline traders loses money in the forex business.
2012-05-31 04:40 PM
ahmedi

Quote:

Originally Posted by digger_jim

That would be impossible, to "make profit in every situation." I mean, come on, man. Many successful traders adviced you to "cut your losses short." Just what in the world it means if not they already have a loss and just didn't like to let it run wild. And what kind of profit can you make when you cut your "loss" short?

You should make sure you fully understand how your margin account works. Be sure to read the margin agreement between you and the broker. The positions in your account could partially or totally be liquidated should the available margin in your account fall below a predetermined threshold.
2012-05-31 05:36 PM
Gurufx

Quote:

Originally Posted by kiran

We need to stick with our trading rules and don't break then in any condition. I sometimes use too much capital in only a single position and in result i bear loss, its just out of my rule to open position with big lot size but still i do and bear big losses.

It is possible to mange our greed and best way to do is we have target that we mut get in one order, we can make our target depend the market situation, if the market good we can make big target but if we see the market not good, we can make small target and if we have been reach target we can close our order, i ever try this way and work for me, i many get loss because my greedy and now i didn't greedy again because i have target in my order

Show 40 post(s) from this thread on one page