Rules of Trading Discipline.

This section is one of the most important sections you will ever read about trading.

Why is it important? Well, we are in the business of making money, and in order to make money we have to learn how to manage risk (potential losses).

Ironically, this is one of the most overlooked areas in trading. Many traders are just anxious to get right into trading with no regard for their total account size.

They simply determine how much they can stomach to lose in a single trade and hit the "trade" button. There's a term for this type of investing....it's called...

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When you trade without money management rules, you are in fact gambling.
You are not looking at the long term return on your investment. Instead you are only looking for that "jackpot".

Money management rules will not only protect you but they can make you very profitable in the long run. If you don't believe us, and you think that "gambling" is the way to get rich, then consider this example:

People go to Las Vegas all the time to gamble their money in hopes of winning a big jackpot, and in fact, many people do win.

So how in the world are casinos still making money if many individuals are winning jackpots?

The answer is that while even though people win jackpots, in the long run, casinos are still profitable because they rake in more money from the people that don't win. That is where the term "the house always wins" comes from.

I think that this issue be discussed and interesting,I see that to become diciplines must be comes to your self and you must makes some rules to your self about you will do when you trading and dollow that rules, never break it really.... good luck

trading is risky business but if you follow all the rule than you become success in this field . so learn more and follow all the rule and regulation .

Discipline is key of success in everywhere . If you can make great discipline life then you must be succeed your future life . So make a great discipline for your forex trade .

To control bad emotion, we must bring discipline in our mind. Because with discipline we are able to control our bad emotion which lead us to loss.

i think that a good trader can success in the trading rules and trading discipline so discipline is very difficult . should learn form the experience itself . little by little will be increasingly able to discipline. so you want to success traders then need trading rules and trading discipline.

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Originally Posted by marazulgeup

The rules of trading discipline is also given below.
1.Your biggest loser can not exceed your biggest winner
2.Be yourself.do not try to be someone else
3.get out of your losers
4.The first lost is the best lost

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The rules of trading discipline is also given below.
1.be yourself
2.get out of your losrers
3.love to lose money

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hmm. nice set of points you had mentioned about discipline in forex trading. I am totally agree with you that first loss is best lost in forex trading as compared to loss all money at final by MC or blown away.

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Originally Posted by shaonmra

The success that a trader achieves in the markets is directly correlated to one’s trading discipline or lack thereof. Trading discipline is 90 percent of the game. The formula is very simple:Trade with discipline and you will succeed; trade without discipline and you will fail.

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I am a newbie and i think rules of trading descipline is depend in our own mind and strategy but i also think trading rules is same but trading profit is hard so i think forex is not so easy to earen money but if you make descipline and also make concentration than forex business is so easy for you otherwise without descipline forex is not so easy and also harmful for you and any one......

Discipline is very important for forex trader .While trading we should be disciplined . We must learn to control yourself and and do not break our rules . If we do this we have lack of discipline then we will lose in forex

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Originally Posted by persie

if you have uncontrolled emotions, you will be disciplined.Just like flying, do not need to have the knowledge of the pilot to fly, you need to know how to book the ticket to fly. So in the same way I might not have to understand forex that well but I have to understand trading, that is two different things all together. I am not saying that knowledge cannot help you become a better trader, but I am saying you need to know what you should know to be a good trader.

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master emotions and control yourself with discipline so as to limit the right and out of the market, is most often a large loss in forex trading due to the inability to master self-management aspect, for it trained and control feelings and emotions while trading forex to be a good trader, ok