TRADE WITH DISCIPLINE
DISCIPLINE IS SOMETHING THAT WE HATE TO FOLLOW ,BUT WE CAN'T LIVE WITHOUT DISCIPLINE.MOST OF THE TIME WE FAIL IN ANY FIELD BECAUSE OF DISCIPLINE.JUST READ THE STORY BELOW.
ONCE A BOY WAS FLYING A KITE IN THE SKY WITH HIS DAD.HE ASKED HIS DAD TO CUT THE STRING OF THE KITE,SINCE IT WAS PULLING HIS KITE DOWN WHILE IT WANTED TO GO UP.HIS DAD DID IT ,VERY SOON THE KITE FELL DOWN ON THE LAND.THE BOY SAID, WHY DID THE KITE FALL? HIS DAD REPLIED THAT , THE STRING WAS HELPING THE KITE TO FLY UP BUT YOU CUT IT SO THE KITE FELL.
SO WHAT DID YOU LEARN FROM THE ABOVE STORY ? THE STRING WAS THE DISCIPLINE, WHEN IT BROKE DOWN ,THE KITE ITSELF FELL DUE TO LACK OF BALANCING FORCE.
THIS IS THE CASE HAPPENS IN CASE OF TRADING , NOBODY IS READY TO HAVE DISCIPLINE BUT EVERYBODY IS READY TO GET PROFIT.HOW WILL IT POSSIBLE WITHOUT DISCIPLINE ?
NOW YOU MUST BE THINKING , WHAT IS DISCIPLINE IN CASE OF FOREX TRADING ? ASK THE FOLLOWING QUESTIONS TO YOURSELF , YOU WILL GET YOUR ANSWER?
1.HOW MUCH I WANT TO EARN FROM FOREX TRADING ?
2.IS IT POSSIBLE IN LONG RUN OR FOR A SHORT TIME?
3.WHAT IS MY RISK REWARD RATIO?
4.DO I TRADE IN A PARTICULAR TIME EVERY DAY OR I AM A RANDOM TRADER?
5.HOW MUCH LEVERAGE I USE IN EVERY TRADE ?
6.AFTER HOW MANY LOSING TRADES I LOSE MY A/C ?
ALL THE ABOVE QUESTIONS ARE VERY IMPORTANT TO THINK BEFORE YOU TRADE FOREX.PLEASE THINK OVER IT TWICE.
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