As you know, I place a lot of emphasis on the emotional and mental aspect of trading. While some experts only talk about the technical side of Forex trading: how to read charts, how to identify entry points, where to place your stops and so on, I know that there is more to successful trading than technical indicators.
The truth is that you are your own worst enemy when it comes to trading. Your emotions are traps that can spring at any moment, causing you to fail miserably by allowing your emotions to make your decisions for you, to influence what you need to do. In my Forex Mental Fitness course, I talk a lot about how to control your emotions and how to make sure you have the best mindset for success.
But in this post, I actually want to talk about a competitor’s product, one that is actually teaching some of the same things I do. I refer to Norman Hallett’s Disciplined Trader Program. Even though he is a competitor of mine, I can say that Norman is one of the world’s leading experts on trading discipline and psychology. He’s one of the best guys to learn from on how to maintain a powerful mindset for success.
You can read all about his program here: Disciplined Trader Details. However, here are some of the things you can learn from it:
1. How to avoid massive losses by managing your risk properly (this is crucial to your success).
2. How to build the right trading plan for you and to make sure you stick to it mentally.
3. How to turn your trading into a business and not a home hobby. This can have a dramatic effect on your results.
4. How to keep track of your trades, not just the results you get but all the key elements of your trading.
All these 4 elements are keys to long term trading success which is why I can recommend this program to any trader who is serious about his or her long term success.
Click here to learn more about the Disciplined Trader program
