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Psychology of Forex Trading
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trill12

Member Since Aug 03, 2016  62 posts trill12 Dec 28 2016 at 16:00
FxMasterGuru posted:
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...





Uh ... you've spoken wisely. I agree

trill12

Member Since Aug 03, 2016  62 posts trill12 Dec 28 2016 at 16:02
Monnex posted:
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



I agree... In this business strategy is everything! You can not trade at the mercy of luck.

fabritzio

Member Since Aug 07, 2016  56 posts fabritzio Dec 28 2016 at 17:57
Forex psychology: never believe that your money is 100% sure.

fabritzio

Member Since Aug 07, 2016  56 posts fabritzio Dec 28 2016 at 17:59
And when you have a loss, do not get depressed. There are a lot of people who have lost everything before you. Surely the same thing will not happen to him.

Monnex

Member Since Nov 15, 2015  44 posts Monz (Monnex) Dec 29 2016 at 09:35
Forex Psychology: Be honest with yourself if you are loosing money from trading stop and find good strategy then try it on DEMO accoount

The Worst Enemy Is The Time Taken To Find A Good Signal To Trade on
rob559

Member Since Feb 11, 2011  1859 posts rob559 Dec 29 2016 at 09:42
trill12 posted:
Monnex posted:
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



I agree... In this business strategy is everything! You can not trade at the mercy of luck.
of course

one day at a time
bruno3

Member Since Oct 04, 2016  33 posts bruno3 Dec 29 2016 at 09:43
Forex Psychology: Make sure you have a reliable broker, it will be your support.

bruno3

Member Since Oct 04, 2016  33 posts bruno3 Dec 29 2016 at 09:44
fabritzio posted:
And when you have a loss, do not get depressed. There are a lot of people who have lost everything before you. Surely the same thing will not happen to him.



Hahaha lol not whine this is big business lol

FxMasterGuru

Member Since May 04, 2012  1559 posts FxMasterGuru (FxMasterGuru) Dec 29 2016 at 09:53
Don't let trading become a dangerous gambling habit or a gambling substitute.

Start with a VERY SMALL, but REAL LIVE account and with a strict MONTHLY budget.

If the budget is gone, reevaluate the mistakes until next month's budget kicks in. Never violate this rule.

Should your budget survive the month: Good for you! You are on the right track!

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
proyecto1

Member Since Oct 31, 2016  34 posts proyecto1 Dec 29 2016 at 11:03
You are not going to make millions, at least not right away. If you are able to get consistent and consistent benefits, you are in good shape

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.