20 Rules Of Trading Forex With Discipline.

[naik]

Learning is a very big part of forex trading. It is one of the rules that traders will follow in order to succeed in getting profits. I am learning to gain knowledge about forex so that i can improve in it.

[seahawks90]

11th rule is really amazing because it is don't pray and don't hope otherwise you will loose, and i must say that its not true every time , people have to hope that their currency will go up and every trader do the same thing whether he is a professional or whether he is a newbies everyone just pray to god that his currency will go up or down depends upon which he have sell or buy. So i must say that this rule is not true. But they have to remove emotions from their trading career if they want to make profits.

[twinkling star]

hmmm. you have defined yours rules very well as new bie could get knowlege about decipline in forex. as decipline is much as important as knowlege and experience. as because of dicipline you could stay in forex trading for long time. but if will not show the decipline then yours knowlege and experience never work. and you will also loose yours investment.

[ermaniso2011]

Hi dear traders,

l want to share with you some notes from a very nice e-book l found over internet.there are 25 rules that l think will be very useful for every trader.l just edited it to make short.l hope you can also write your own rules.

1.The market pays you to be disciplined :Trading with discipline will put more money in your pocket.
2.Be disciplined every day ,every trade and the market will reward you.but don't claim to be disciplined if you are not %100 of the time.
3.Always lower your trade size when your trading poorly.(means when you have loosing positions).
4.Never turn a winner into a looser.
5.Your biggest looser cant exceed your biggest winner.
6.Develop a methodology and stick with it,dont change it day to day.
7.Be yourself dont try to be someone else.
8.You will always want to come back to play next day,so dont ever loose all your money.
9.Earn the right to trade bigger.(if you cant be successful with one lot then dont trade with 10 lots)
10.when you see trend turned against you get out of your looses.
11.Dont hope and pray,if you do,you will loose.
12.Dont watch news they are history(bloomber,CNBC etc.)because they are only talking about past no body know the future
13.Dont be a speculator be a trader.
14.Love to loose money :accept the reality that you may loose money.
15.If your trade is not going any where in given time-frame then quit .
16.Never take a big loose (quit before it will get a bigloose)
17.SAVE a little bit everyday and let it grow for you.
18.Consistency builds confidence and control.
19.Always finish your day positive.any % but positive.
20.DON’T OVER-ANALYZE.DON’T PROCRASTINATE.DON’T HESITATE. IF YOU WILL DO YOU WILL LOOSE.