Trading in the financial markets is surrounded by a certain amount of mystique because there is no single formula for trading successfully. If we want to success in forex trading, besides the objective reasons, such as the right platform, the entrusted brokers, the analysis you knew or the techniques you learned, there is the other thing you should pay more attention that is the attitude you keep. Attitude in trading means that you develop your mindset to reflect the following four attributes:
• Patience
Once you know what to expect from your system, then have the patience to wait for the price to reach the levels that your system indicates for either the point of entry or exit. If your system indicates an entry at a certain level but the market never reaches it, then move on to the next opportunity. There will always be another trade. In other words, don't chase the bus after it has left the terminal; wait for the next bus. (Learn more in Patience Is A Trader's Virtue.)
• Discipline
Discipline is the ability to be patient – to sit on your hands until your system triggers an action point. Sometimes the price action won't reach your anticipated price point. At this time you must have the discipline to believe in your system and not to second-guess it. Discipline is also the ability to pull the trigger when your system indicates to do so. This is especially true for stop losses.
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