5 Ds TRADING FOREX (4/5)
(Print out the 5 D’s for success below. Review on a consistent basis during your journey to freedom.)
Discipline
The trader with the most discipline who has the patience to wait for his/her specific entry and have pre-determined exit points in advance are most successful. These are type of traders you want to emulate as their passion for success demands Focus on the task at hand.
It takes tremendous discipline to stay the course. Designing a specific trading plan that fits your specific personality is an absolute to enhance success.
Each person is different, some will excel trading two or three times a day, two or three times a week, or two or three times a month.
You must be disciplined and remain emotionally detached from the market, because money is just a tool to generate more money which in turn is used to barter for goods and services.
Disciplined traders have no attachment to money as it does not control their life. This is easily stated and much harder to accomplish on a consistent basis. Disciplined traders trade theories massively in practice accounts to hone skills.
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