Trading PsychologyTrading discipline

Trading Discipline

Discipline turns a good strategy into good results. Write a one page plan, keep your rules steady and build a daily routine.

CFDs are complex instruments and carry a high risk of losing money rapidly because of leverage. Make sure you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading Discipline
Guides

Most trading rules are simple. Following them every day is the hard part. Build a plan and a routine that make discipline automatic.

Related Key Terms

Trading plan, Economic calendar, Stop loss order, Take profit order, Position sizing, Risk reward ratio, Scalping, Day trading, Swing trading, Position trading
  1. Trading strategyFive questions every plan must answer, and a template you can fill in today.
  2. Consistency and disciplineTwo traders win six trades out of ten. Only one makes money. Here's why.
  3. Knowing when to waitSkipping a poor trade is a skill. Learn when to stand aside.
  4. Traders' daily ritualsA simple timetable for before, during and after each session.

Practise on a Demo Account

Practise your routine and your discipline on a demo account with virtual funds, then trade live when you're ready.

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