Anyone who trades Forex knows that it’s not how much you make in single trades matters. What matters is how well a traders sticks to his system in a consistent way.

Switching from one system to another just because it hits the streak of losing trade will lead to empty your trading account. It’s not always easy to keep executing the same system over and over again regardless of the last trade results. I can give you a few tips how you can stick to your system.

1. Any system requires forward testing and back testing. Every trader needs to test his system before putting money on it. When you are absolutely comfortable with the system and know the currency pair very well you can transfer it to the live account. This step is necessary if you want to follow with your system regardless of the last trading result.

2. As you may already know a disciplined trader wins. It’s hard to imagine a trader who is disciplined in trading and undisciplined in other areas of your life. Therefore if you want to develop discipline in your trading don’t forget to take disciplined approach in any areas of your life. You can start with something simple like getting up at the same time every morning.

3. There is an “inner child” lives in everyone of us. Therefore our subconscious mind will have fun from time to time that we see as sabotaging our serious efforts. Having a small “play” or “fun” account will help you to separate fun from serious work. When you feel tired have some fun taking trades on “play” account as if that money was for playing in a casino. That will satisfy your “inner child” and substantially reduce the risk of subconscious sabotage.

4. It is a good idea to have an accountability partner. Someone to whom you can report your successes and failures. We tend to apply more effort and be more disciplined if we are accountable to someone. It can be a Forex trader or it can be your friend who doesn’t trade currencies. If you don’t have such person at least keep journal to track your trades and decisions. That will also help.

5. It is always a bad idea to trade under influence of any drug or alcohol. As I mentioned before when you have fun do not trade. If you had a bottle of beer or glass of wine don’t even look at your trading account. It’s hard to follow your trading plan when you are not sober.

Concept of home business does not imply that you shouldn’t take it seriously. In fact you need to take it even more seriously than any day job, since the only boss who can make to apply effort toward success is you. That’s why relaxed atmosphere with beer or wine is not the right one to trade.

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