In Forex trading, success and discipline - concepts consistently related. Knowingly to discipline as a factor of success, many say work on trading. Why is it so important when working on Forex?
It should only have to be a strategy when dealing with a fairly high probability of success. To maximize the benefits need to develop a large number of similar cases, respectively vending plan. In such cases, a disciplined trader trusts strategy and directs the implementation of the plan the means. The probability of winning is high enough. As for the undisciplined trader, it often violate your trading plan. But success requires self-control.
Although adherence to discipline seems pretty straightforward, not all traders can do it easily. But it's worth noting that there are players who do not make efforts for the self.
Yet about 40% of traders are experiencing difficulties in maintaining discipline. During operation, they usually feel frustrated and under stress poorly managed risks.
What are the causes of the problems with self-control? Why traders are not able to comply with their own rules of trade? One explanation for this behavior is the uncertainty and the constant risk. None of the traders would not have problems with self-control, whether all trade results are known in advance. But the problem is that trading is not easy. There is never one hundred percent confident in the situation. Traders who want to be specific, do not feel it, and therefore behave impulsively. They tend to close their positions and move away from effective trading plans. In that case, of course, they do not lose money, but did not earn.
Action in most areas of life are subject to certain rules that are defined and are fairly easy to observe. For example, riding on a clear day on the road and moving at a certain speed, you are sure to get from city A to city B. But with trading on the Forex is different. It resembles the motion on the car in extreme conditions with constant changes in the situation on the track and the weather. For example, it is now necessary to move slowly due to wet roads and ice-covered track tomorrow and will have to go even slower. Help in this situation can only Forex indicators .
For the safety of the work I have to approach to it all the time. If honest, they trade in the market, most likely, like driving blind when blindfolded. Understand the traders in this situation and the waste from their own trading plans, quite easily. At its core markets are uncertain. Working on unpredictable markets, traders are simply doomed to a constant feeling of anxiety. As imperfect market information, and traders are imperfect. Almost no one can predict future events for sure. For each trader, trading in Forex, it is important to learn to accept the uncertainty of markets for granted and still maintain self-control.
It should only have to be a strategy when dealing with a fairly high probability of success. To maximize the benefits need to develop a large number of similar cases, respectively vending plan. In such cases, a disciplined trader trusts strategy and directs the implementation of the plan the means. The probability of winning is high enough. As for the undisciplined trader, it often violate your trading plan. But success requires self-control.
Although adherence to discipline seems pretty straightforward, not all traders can do it easily. But it's worth noting that there are players who do not make efforts for the self.
Yet about 40% of traders are experiencing difficulties in maintaining discipline. During operation, they usually feel frustrated and under stress poorly managed risks.
What are the causes of the problems with self-control? Why traders are not able to comply with their own rules of trade? One explanation for this behavior is the uncertainty and the constant risk. None of the traders would not have problems with self-control, whether all trade results are known in advance. But the problem is that trading is not easy. There is never one hundred percent confident in the situation. Traders who want to be specific, do not feel it, and therefore behave impulsively. They tend to close their positions and move away from effective trading plans. In that case, of course, they do not lose money, but did not earn.
Action in most areas of life are subject to certain rules that are defined and are fairly easy to observe. For example, riding on a clear day on the road and moving at a certain speed, you are sure to get from city A to city B. But with trading on the Forex is different. It resembles the motion on the car in extreme conditions with constant changes in the situation on the track and the weather. For example, it is now necessary to move slowly due to wet roads and ice-covered track tomorrow and will have to go even slower. Help in this situation can only Forex indicators .
For the safety of the work I have to approach to it all the time. If honest, they trade in the market, most likely, like driving blind when blindfolded. Understand the traders in this situation and the waste from their own trading plans, quite easily. At its core markets are uncertain. Working on unpredictable markets, traders are simply doomed to a constant feeling of anxiety. As imperfect market information, and traders are imperfect. Almost no one can predict future events for sure. For each trader, trading in Forex, it is important to learn to accept the uncertainty of markets for granted and still maintain self-control.