- Plan every trade on paper before entering it
- Set clear goals : daily, weekly, monthly, yearly
- Journal every trade
- Master the basics, and practice key skills to build competence
- Stick with what you know, don’t try anything fancy without being comfortable first
- Keep a journal to build on success and learn from mistakes
- Monitor yourself and develop yourself
- Study and learn continually with focus on full comprehension
- Manage your money and risk constantly
- Keep your pride and ego in check, they won’t make you money
- Keep a clear head and listen to it, but don’t get caught up in emotions. Stay objective.
- Keep your awareness high, especially regarding time. This is a marathon not a sprint.
- Keep respect for the market, yourself, and your money.
- Think every trade all the way through, including all possibilities.
- Review your trades, your journal, your goals, and your milestones on a regular basis. Build on success and avoid the same mistakes.
- Do your trading in an organized place and adhere to your policies and this success sheet
- Run your trading the same way you’d run your business. It is YOUR BUSINESS.
...Empowering you with the skills you need to become a consistently profitable trader
Thursday, October 6, 2016
Tips to ensure your long term success in the currency market
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