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Psychology of Forex Trading
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FxMasterGuru

Member Since May 04, 2012  1425 posts FxMasterGuru (FxMasterGuru) Dec 27 2016 at 15:36
mlawson71 posted:
Regarding SL, I couldn’t stress enough how important it is to place it properly. If you don’t you might end up losing a lot in the long term.


Unless your ''B-booking'' broker manipulates your stop losses at will. Here is an introduction from the manual of a ''virtual dealer plugin'' parasite software - sold on Forex Expose by dozens of vendors - used by practically all ''B-booking'' brokers:

Attachments:

"The Art of Trading is the Mastery of Chaos." /FxMasterGuru/
mitchel14

Member Since Jun 03, 2014  55 posts mitchel14 Dec 27 2016 at 17:09
Forex Psychology: never dazzle thinking that you will become a millionaire with minimal investments and without any small risk

naiza

Member Since Aug 09, 2016  35 posts naiza Dec 27 2016 at 17:48
leopoldo posted:
naiza posted:
It seems that the theory of 'too much' is not favorable.


What do you mean by that?



You can not risk 'too much'. Trading 'too much'.
That's what I mean

hodias

Member Since Aug 07, 2016  35 posts hodias Dec 27 2016 at 17:55
Forex psychology: always learn from the 'good forex traders'. Before you take a step evaluate those who have walked that route before you.

hodias

Member Since Aug 07, 2016  35 posts hodias Dec 27 2016 at 17:56
Monnex posted:
 Forex Psychology: Always think risk before reward



Yes, you will save yourself a few unnecessary losses.

rob559

Member Since Feb 11, 2011  1816 posts rob559 Dec 28 2016 at 07:20
when the risk is low you can sleep better

one day at a time
FxMasterGuru

Member Since May 04, 2012  1425 posts FxMasterGuru (FxMasterGuru) Dec 28 2016 at 07:24
mitchel14 posted:
Forex Psychology: never dazzle thinking that you will become a millionaire with minimal investments and without any small risk


Correct. Forex is modern days' 'Gold Rush'...

As we all know, during the 'Gold Rush' mostly the merchants had become rich... Like Forex brokers in modern times....

We are like these guys, just in a different century...


Attachments:

"The Art of Trading is the Mastery of Chaos." /FxMasterGuru/
jannel

Member Since Sep 21, 2016  28 posts jannel Dec 28 2016 at 07:42
Monnex posted:
FxMasterGuru posted:
With algorithmic robot trading there is no concern of trading psychology... Also, less stress, more sleep and even more free time.

Added bonus: Making profits during the Asian session while you are sleeping. smiley


depends in your EA strategy :-)



I absolutely agree with that.

Monnex

Member Since Nov 15, 2015  22 posts Monz (Monnex) Dec 28 2016 at 13:32
Forex Psychology: If you don't have trading strategy but you have winning trades that means you are gambling and lucky for a while but at the end you will loose all your money

The Worst Enemy Is The Time Taken To Find A Good Signal To Trade on
trill12

Member Since Aug 03, 2016  56 posts trill12 Dec 28 2016 at 15:58
rob559 posted:
when the risk is low you can sleep better



of course @rob559 wink

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