Successful Forex Day Trader

dekac · #1 05-11-2008, 05:39 PM

Hi Traders

To be disciplined...
This principle is key for any type of trading but particularly for day trading. If I had to name one single aspect of a day trader that can make him or her a winner or a loser it is discipline. You can have a so-so system but still make money if you are disciplined. However, you can have the best trading system in the world but if you are not disciplined I guarantee you will not be a successful trader.

So, what is all this discipline everyone talks about when discussing trading? Very simple, it’s respecting and strictly following your trading plan, your trading system, your money management rules, and your commitment to the business. Being disciplined with regard to each and everyone of these components is essential for your success.

Agent Orange · #2 05-11-2008, 07:35 PM

Full article:

http://www.freeforexcourse.info/2008...ex-day-trader/

murko · #3 05-11-2008, 11:58 PM

why is everybody just copy-pasting?

murko · #4 05-12-2008, 12:04 AM

everyone is just copy-pasting

FerruFx · #5 05-12-2008, 12:38 AM

Quote:

Originally Posted by dekac

Hi Traders

To be disciplined...
This principle is key for any type of trading but particularly for day trading. If I had to name one single aspect of a day trader that can make him or her a winner or a loser it is discipline. You can have a so-so system but still make money if you are disciplined. However, you can have the best trading system in the world but if you are not disciplined I guarantee you will not be a successful trader.

So, what is all this discipline everyone talks about when discussing trading? Very simple, it’s respecting and strictly following your trading plan, your trading system, your money management rules, and your commitment to the business. Being disciplined with regard to each and everyone of these components is essential for your success.

I can't agree more than this.

Plan your trade ... and trade your plan. That's it.

FerruFx