Along with discipline, the responsibility also plays an essential role in forex trade. While it is in the market, the trader bears complete responsibility for the trading decisions – and anybody except him. Not accepting personal liability is familiar to jumping in the prompt river without a life jacket in hope that somewhere ashore there is a rescuer. The trader can remain afloat, only if he is responsible for own destiny. Take pleasure in good decisions and study as the bad. Place warrants, close positions and take profit or as it isn’t difficult, accept losses if this critical decision which is necessary for making and it corresponds to your plan of trade.

Traders can also often search for justifications concerning why something has gone not the way it is necessary. Again we will quote Hostetler and what he says here: “Forget about the profits, but forget about the losses even faster”.

Responsibility accepting can be improved by inclusion of the several moments or reminders in the trade plan. That works for one trader cannot work for another. One of such methods solves this problem there can be a placing of the letter of reminder on your computer. In this reminder it is possible to mark: whether “the market model after position opening has changed? Whether the initial purpose at the price has been reached?”.

If the answer to both from these questions is positive, time has come to close a position. If the answer is negative then trade should proceed. Trade is the business dealing with probabilities, instead of with certainties. Hostetler considered that “we never know what transactions will work. The problem arises, when we only will think that we know it”.

The probability, discipline and responsibility are those lines which each forex trader should aspire to develop in yourself. The probability means that the strip of losses will occur also, as well as a strip of prizes. The question is in how to recover from these losses. The discipline and responsibility help to prevent destructive losses and to help with restoration. Observe discipline at an exit or stay in the market and accept responsibility for the actions. Once again, not for 100 percent it can be avoided, however, with correct trading strategy and the psychological spirit, for many of them it is possible to avoid loss and be in a winning position for most of the time. So if you really think about it is not that much hard and it can be actually easily obtained, it just need some time and effort to realize the above said information and use it for your own advantage. So just do it and see what happens next.

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