Mercados

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INCEPTION
OF
SELF-DISCIPLINE

DISCLAIMER
THE CONTENTS OF THIS MANUAL REFLECT THE AUTHOR’S VIEWS ACQUIRED
THROUGH HIS EXPERIENCE ON THE TOPIC UNDER DISCUSSION.
THE AUTHOR OR PUBLISHER DISCLAIMS ANY PERSONAL LOSS OR LIABILITY
CAUSED BY THE UTILIZATION OF ANY INFORMATION PRESENTED HEREIN.
THE AUTHOR IS NOT ENGAGED IN RENDERING ANY LEGAL OR
PROFESSIONAL ADVICE. THE SERVICES OF APROFESSIONAL PERSON ARE
RECOMMENDED IF LEGAL ADVICE OR ASSISTANCE IS NEEDED.
WHILE THE SOURCES MENTIONED HEREIN ARE ASSUMED TO BE RELIABLE AT
THE TIME OF WRITING, THE AUTHOR AND PUBLISHER, OR THEIR AFFILIATES
ARE NOT RESPONSIBLE FOR THEIR ACTIVITIES.

THIS MANUAL IS A GUIDE ONLY AND, AS SUCH, SHOULD BE CONSIDERED
SOLELY FOR BASIC INFORMATION. EARNINGS OR PROFITS DERIVED FROM
PARTICIPATING IN THEFOLLOWING PROGRAM ARE ENTIRELY GENERATED
BY THE AMBITIONS, MOTIVATION, DESIRES, AND ABILITIES OF THE
INDIVIDUAL READER.
NO PART OF THIS MANUAL MAY BE ALTERED, COPIED, OR DISTRIBUTED,
WITHOUT PRIOR WRITTEN PERMISSION OF THE AUTHOR OR PUBLISHER.
ALL PRODUCT NAMES, LOGOS, AND TRADEMARKS ARE PROPERTY OF THEIR
RESPECTIVE OWNERS WHO HAVE NOT NECESSARILY ENDORSED,
SPONSORED, OR APPROVED THISPUBLICATION.
TEXT AND IMAGES AVAILABLE OVER THE INTERNET AND USED IN THIS
MANUAL MAY BE SUBJECT TO INTELLECTUAL RIGHTS AND MAY NOT BE
COPIED FROM THIS MANUAL.

COPYRIGHT © 2010 ALL RIGHTS RESERVED.

www.TheBestForexSystemInfo.com

Self-discipline refers to the training that one gives one's self to accomplish a certain
task or to adopt a particular pattern of behavior, even though one wouldreally rather be
doing something else. Thus, self-discipline is the assertion of willpower over more base
desires, and is usually understood to be a synonym of self control. Self-discipline is to
some extent a substitute for motivation, when one uses reason to determine a best
course of action that opposes one's desires.
The currency or forex market is a highly volatile market that requiresdiscipline if you
want to be successful. There is no beating about the bush, the only thing that makes a
trader to be among the few 5% that are successful in this market is discipline.
It has been proving over and over again that trading systems alone don't make a
successful trader but having the discipline to do what the system says to be done is what
makes one a successful trader. Any forextrader that allows the volatility of the market
to determine the decision that they take in the market will end up among the 95%
unsuccessful traders.
Discipline is the lifeline of trading in the currency market, it is the only thing that will
see you through when all other factors has failed you and it is the only thing that will
make you consistent profit in this business.

Suggestions forImproving Trading Discipline
The following are guidelines that can be used for improving discipline. They will
require action and thorough implementation:
1. Make a trading schedule. Always start at the same time and get used to work on
the same hours each day. Trade only the amount of time that you are able to stay
100% focus. Keep your signals up to date; don’t try to trade too many markets.2. Stick to your trading system. Some traders quickly switch from one trading
system to another. This is one of the worst forms of discipline. Traders should
stick to their trading system to give it sufficient time to perform.
3. Stick to decisions. Good traders work in isolation and make commitments, not
letting other people (e.g. brokers, other traders) influence their decisions.
4. Knowwhen to exit. It is important to have an objective measure of when to
terminate a given trade, whether the trade is profitable or not, learn to do this in
every trade.
5. Learn from losses. Losses are expensive tuition to avoid repeating the same
errors. Was I respecting my trading schedule? Did I stick to my system? Did I
stick to my decision or did I suffer external influence to change my...
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