Log the time and date, profit and loss. Take a picture — Question every trade. Keep your discipline and abide by your trading rules and trading plan. If you keep breaking the rules ask yourself whether or not you are suited to trading before you lose all your money. If you always have to be right, trading could be a problem because it is the market that is always right.
To be successful, release yourself from the need to be right. Look at it this way, as a trader you have to decide what is more important — being right or making money. Keep to your risk and money management rules. Accept the fact that you will make losing trades. It is how you deal with failed trades that will determine your success or otherwise as a trader.
A losing trade is an automatic function of my trading strategy. Pros have this skill. If losses persist take time off. The mind can play games with itself following losses. Poor trades affect us no matter how unemotional we are.
If you chase your losses, determined to recover them, the consequences are likely to be disastrous. A couple of days off can clear your head and get your emotions back on track. Look for reasons NOT to trade. Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected. If a trade is missed, wait for a pullback to occur before putting the trade on. There is always another trade, always.
Sit on your hands until you see something significant. Currencies trend well so stay with the trend. I also provide my proprietary indicators and templates to help ensure your success. What I didn't expect in my wildest fantasies was that individual readers would compare it favourably with Reminiscences of a Stock Operator and Trading for a Living. Darius Swierk World-famous traders, teachers, authors and mentors including Joe Ross over 50 years of market experience , Dr.
Jeff Wilde 18 years of experience, teacher and mentor of thousands of traders worldwide , Don Steinitz, Phil Newton, Todd Judkins and five other forex market masters talk about the sources of their knowledge. Read it, follow it and watch your trading change! Read more Forex Profits Forex Profits is a simple and straight forward mechanical strategy for trading the forex market using MACD and some clear rules for entering and exiting a trade.

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