Lack of discipline trader. What are the consequences?

Lack of discipline trader. What are the consequences?

Absolutely for each employee in any line of business discipline - the key to winning and success. The Forex market is no exception. On it, just as any other exchange a risk. Many people try to cheat the system, without using stop losses and pulling Locks losing trades that subsequently leads to the wrong strategy.

 Working on a forex platform, we should not forget that going on about their emotions, can suffer heavy losses.

In the absence of the trader's discipline expect some real dangers.

The first danger - passion. If we take into account the professional traders, we can conclude that they are always rational.

 Before entering the market, they carefully think through and make a strategy. Lack of strategy suggests that the trader has no discipline, or they are driven by passion and emotion. In most cases, these people are convinced that the market Forex - no more than a kind of casino. Traders need to understand that well-written strategy reduces the risk and increases profit.

The second danger lies in hope. Yes, that false hopes will pull all the work down. It makes no sense to set to work, if it does not live up to expectations. The essence of any work not planned earnings, and the amount of actual money received for neё.Lyuboy person is subject to a desire to earn as much and as soon as possible. But if he will have to rely only on their desires and hopes, neither of which the promotion and success of the speech could not be. Most ill-founded hope will never be better than a small, but real profit.

The third danger - it's fear. The fear of risk, fear of falling, fear of incurring huge losses. Especially strongly expressed this feeling when a person begins to carry even a small loss. Despite this, each reacts to the situation in different ways: someone is trying to rectify the situation, and someone continues to "shake" with fear and do not understand what to do. What is the one that another case can be dangerous: a trader can not stop, or will be taken to conclude the deal mutually exclusive.

 Therefore, in order to exclude this turn of events, we must act clearly composed planu.Chtoby conquer their emotions, you need to develop your own strategy to advance certain action scenario. Work on the bugs and introspection also help to come to success.