This Article is About
forex trader
game of chess
self discipline
simple truth
future price
conscious mind
Top 4 Reasons Why You Should Strive To Become A Super Disciplined Forex Trader
Join 1000's of Authors at StreetArticles Today!

Top 4 Reasons Why You Should Strive To Become A Super Disciplined Forex Trader

Before delving into the how or the why you should probably strive to become a super disciplined trader,

first you’ll have to understand what is meant by the term ‘discipline’.

Simply put, discipline is a habit which is shaped by the ability of our conscious mind to exercise will power with firm conviction, persistence and repetition especially when doing what we know we must to succeedwhether we feel/want to do it or not. Trust me when I tell you, without discipline you cannot succeed in any field whatsoever, that’s just the simple truth.

Having the ability to exert self discipline upon ones’ self at will is one of the key things you have

to master to become successful as a forex trader.

The stress associated with resisting the constant temptation of greed and anxiety always encouraging inexperienced traders to stay longer in a trade hoping for more profits or falling victim to whim trading born out of sheer boredom or gut feel about future price directions which almost always end up with huge losses are enough reasons for lots of people to back out of trading pretty prematurely.

Without an atom of doubt I can tell you that trading experience is one of the greatest assets any trader could ever wish for; you can’t buy experience you’d have to actually live it to love it. This is why it’s relatively easy for super traders to adhere strictly to their trading rules because they know from firsthand experience that the strategies and techniques constituting their trading methodology works and so they trust and follow it diligently.

Super disciplined traders do not only have the power to trade with the most minimal amount of stress but also to plan their trade entries, management and exits even before their orders get filled.

If Trading was a game of chess simply studying your opponent or thinking 5, 6, or even 10 steps ahead wouldn’t be enough for you to win, you’d have to work with a carefully thought out strategy that’ll tilt the odds in your favour judging by your opponents possible reactions as a result of observing their external psychology.

Trading experience can only be acquired through extended exposure to live markets, watching and learning how to interpret price action on a closer level with the help of fundamental and technical pointers such as the study of chart patterns, candlestick charting technique and Fibonacci trading among a host of others.

Super disciplined traders are more like consistent profit pulling machines due to their ability to adapt to whatever underlying

market conditions prevail at any moment, creating a favourable trading environment for themselves all the time.

Every candle on the chart has something of importance to tell a trader about the current market condition switching to a lower time frame only magnifies this to show the trader in more detail what really is happening under the hood, only strictly following a properly tested and proven trading plan can give you this type of trading edge and you cannot have a plan you follow without fail if you’re not a disciplined trader.

Why You Should Become a Super Disciplined Trader

There are so many advantages to becoming a super disciplined trader of which I choose to elaborate a bit on the top 5 in my humble opinion. Without further do;

Reason #1

Will Power

A strong will power can help you resist the urge to place trades just for the sake of doing something as opposed to waiting for a proper trade setup that agrees with at least one of the forex trading strategies in your trading system. Abiding by your trading methodology will make sure you don’t go off trading out of boredom either.

Reason #2


Snoop around forex trading forum anywhere on the internet and you’ll find everyone voicing their opinion so actively you’d wonder how they managed to argue so much with pictures of their forex trading charts and still have time to manage their trades properly.

Am just saying, everyone’s entitled to their opinion but they’re not trading your money are they? So why change your bias after all logic and reasonable analysis tells you the euro will shoot higher just because you saw some over complicated technical analysis by some forum member forex trader only to short the euro incurring horrible losses?

Being a super disciplined trader, you’ll have a firm conviction in your trading abilities because your acquired trading experience would have exposed you to some rigorous tests making you trust your trading skills because you always turn out with consistent profits over the long run.

A strong trading conviction also makes trading much less stressful and much, much, much more fun.

Reason #3


As a super disciplined trader you’ll become accustomed to persistence even if you’re currently facing a losing run in your trading.

Most people leave trading prematurely not even giving it a chance to be their gateway to financial freedom due to the fear of loss, if you’re anything like me, failing at trading only fires the obsession to conquer, I know, it really does feel great.

Reason #4


Repetition makes trading become much more ordinary, taking the mystery out of trading making it no more than the regular everyday activity.

The first few times you started driving you must have had a hard time concentrating on all the things that had to be attended to, to make a car move safely right?

But what happens when you’ve been driving for say a year? It only gets easier and easier to the point where it’s a game of reflexes because you’ve done it so many times now. Repeatedly doing the same thing in your trading office each and every other trading day makes it become natural for you to trade with ease more like push button trading if we can call it that, but this only comes with extensive practice trading.

Hope you start shaping your trading habits like those of the highly successful forex traders, believe me it’s well worth it from a risk/reward point of view, traderly speaking:D

Hope you enjoyed reading this article don’t forget to drop your comments and/or questions if you have any, am always glad to help.

Cheers people…

Street Talk

No comments present
You May Also Like
Understanding Forex Stop Losses And Trailing Stops
There are many different types of orders that traders can utilize and combine with their trading tools and strategies – especially “risk management” strategies. The two most popular orders that can assist in risk management are “Stop Loss/Limit” orders and “Entry Limit/Stop” orders. A “stop loss” order stops your loss…
By: Jeanene in  Investing  >  Day Trading   Dec 07, 2011  
  Likes: 0

Forex Automatic Trading - Don't Trade With A Forex Robot Trader Until You Read This!
Forex automatic trading is a relatively new development that frees Forex traders from the need to be chained to the trading desk at all times. With the advent of the Forex robot trader, any Forex trader can leverage on the market experience and expertise of professional Forex traders to profit…
By: Thad B. in  Investing  >  Day Trading   Feb 21, 2011  
  Likes: 0

The Mind Of A Chess Player
Chess is a game that has fascinated me since I was a child. I learned as I watched my father played with some of his friends. He would occasionally teach me the rules and the psychology of the game. My father was not a genius or some sort of that…
By: Vhogz P Oliquino in  Recreation and Sports   Dec 06, 2012  
  Likes: 0

What Does it Take to Work at Home?
When you first make the decision to start to work at home in your own home office, there’s something you need to consider. If you’re someone that will get distracted easily or cannot seem to stay on task when working, or what if there is a needy child or someone…
By: Denise Durband in  Home Based Business   Feb 20, 2012  
  Likes: 1

How to Develop Self Discipline and Take Your Home Business Into the Stratosphere
If you’re wondering how to develop self discipline so that you can improve your home business, then it’s very likely that your business is all over the place. But the good news is that most people who lack self-discipline don’t even realize that they lack it at all. The problem…
By: David L Feinstein in  Home Based Business   May 11, 2011  
  Likes: 3

Anyone Can Learn How to Draw Realistic Drawings With Practice And the Right Tools
No matter how old you are, or what type of artwork you like the most, anyone can enjoy a good pencil drawing, the skill it takes to show real life on paper is one that most would kill to have. Anyone who sets their mind to it and is willing…
By: Zachary Spuckler in  Arts and Entertainment  >  Visual Graphic Arts   Feb 20, 2012  
  Likes: 1

Advantages Of Being A Mature Student At University
Although many students decide to attend university straight from school or after a gap year, an increasing number of people decide to apply to study for a degree as a mature student. If you decide to return to education as a mature student it's a very different experience from attending…
By: BIS_Coach in  Reference and Education   Aug 29, 2011  
  Likes: 1

How Long Does it Take to Lose Weight, Really?
It is a very common question to ask… How long does it take to lose weight? To give you a clear answer you should know that generally a person should lose 2 pounds per week. Nothing more than that is safe. Or else, you feel sluggish and unproductive if you…
By: bek in  Health and Fitness   Jun 04, 2011  
  Likes: 0

Save Marriage With This Unique Relationship Saver!
If you are wondering what this unique relationship saver I am talking about is – it is discipline! Many people are surprised to hear this as discipline and love are not often considered together. In fact, having too much discipline in a relationship may make it seem dull even! However,…
By: Stella in  Relationships  >  Marriage   Dec 20, 2011  
  Likes: 3

Elss : Encompassing Investments With Tax Saving
The financial year 2015-16 has ended and with that, the tax paying deadline is also over. It is often observed that the clients pursue the tax saving plans by the end of the year, i.e., in February or March. It may have helped you till now, but it is a…
By: Dishika Baheti in  Investing  >  Day Trading   May 18, 2016  
  Likes: 0

How to Choose A Broker for Day Trading
Day trading is the practice of holding positions in a financial market for no longer than a single day, and often for much shorter periods of time. Day traders always exit any trade before the end of the trading day (often referred to as the 'regular cash session'), and aim…
By: Alexander Pearson in  Investing  >  Day Trading   Apr 27, 2016  
  Likes: 0

Fundamentals Of A Company Check - What Would Be the Services Employed
Business planet is cool as well as risky. The deeper you enter, the a lot more threat you get into. Nevertheless a systematic approach generally assists to collect the puzzle and stroll straight. Investing into a company could be helpful should you go through a meticulous company check. All strings…
By: daniel huang in  Investing  >  Day Trading   Apr 26, 2016  
  Likes: 0

How Administration Outsourcing Benefits Private Wquity And Venture Capital
In the high-frequency world of alternative securities, private equity and venture capital investments stand out for bringing in substantial returns from equity appreciation and capital gains. Private equity firms align with accredited investors, like wealthy individuals and institutions such as foundations, university endowments, pensions, insurance companies, and other multi-manager funds,…
By: Cheryl Muncher in  Investing  >  Day Trading   Mar 15, 2016  
  Likes: 0

Tips for Buying Refurbished Robots
Is a refurbished robot right for my business? That is the first question that comes to mind when you consider buying a refurbished robot. They are repaired, rebuilt, and cleaned in order to reenter the robot market. If bought from a quality robot store, they offer cost benefits as well…
By: alexbarker in  Investing  >  Day Trading   Feb 19, 2016  
  Likes: 0

Out Of Currently Being Goods Involving Must to Help Professions to 800 DIY Currently Currently Being
Many people maintain the money pertaining to items it's possible not really pertaining to paying for models concerning the Professions powerleveling railings. The most famous porch models typically include wood. Lumber porches plus lumber railings generally go with equally modern day plus Victorian or even various other form real estate.…
By: appgamenews in  Investing  >  Day Trading   Jan 21, 2016  
  Likes: 0

Article Views: 2699    Report this Article