25 ADVICES FOR BEGGINER FOREX TRADER

I do understand that every single trader has their own trading analysis, so do I, but there is something that makes them different. Discipline, yes...Without discipline, you are nothing in any forex market, even if you are an expert chartist. I’ve compare trading with discipline and aggressive….and you know what???? I feel more comfortable trading with discipline!!!! With discipline, you can control your risk, controlling risk means control your margin, controlling margin means you can gain a profit. I’m telling you the truth….we can’t always profit every single we’re trading…face it..!!!...All that we can do is minimizing our loss and slowly but sure…. you are on your way to be a successful trader…. Remember it…
Today I want to share some advice or one of many ways to be a successful and discipline trader. I’ve read and collect these from any article, from anywhere, from anyone… so we can learn it together…I hope these advices can be useful for us… ^_^

(1) THE MARKET PAYS YOU TO BE DISCIPLINED.

Trading with discipline will put more money in your pocket and take less money out. The one constant truth concerning the markets is that discipline = increased profits.

For example;
You trading with stop loss 20 points and set take profit 50 points. And then the market rewards you to gain 50 points. Yes…you are profit….
And then you trading again without stop loss and take profit point. And then the market moves against your wish… finally you loss -70 points. T_T it’s terrible….!!!!*&^^&%$$%#^$#%

That was an example that trading with discipline will increase your profit. If you set the 20 points stop loss on your second trading, you won’t loss… even if your stop loss was reached, you still have your 30 points profit. You can go home with smiling face and you always want to enter the market in the tomorrow morning.

If you found any strategies that promise you always profit in every single day…..they must be a liar…! The only one key of always profit with small loss is discipline.

Next advices will be shown on the next post…so be patient and keep in learning..