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Psychology of Forex Trading
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hodias

Member Since Aug 07, 2016  37 posts hodias Dec 29 2016 at 21:48
As these are the main recommendations for Forex trading:
1. You must know your goals and your limits, in that you must be very clear.
2. If it sounds too good to be true, possibly it is. Beware of the way you are raised Forex trading.
3. Stay calm because it takes time.

hodias

Member Since Aug 07, 2016  37 posts hodias Dec 29 2016 at 21:49
And... The knowledge in this type of operations or in the success, is based on the study of the market and of the tendencies and in simply knowing the business.

jannel

Member Since Sep 21, 2016  28 posts jannel Jan 02 at 08:45
Forex Psychology:
 Trading is not something you can do 10 minutes on Monday and 6 on Thursday. This is no game, and until you do not get a regular schedule you can not start making money. There are people who open a chart one day for 5 minutes, then return to normal life and then the one-week returns to look at it for other minutes.
So my friends. If you do not take it seriously, you do not see serious results.

jannel

Member Since Sep 21, 2016  28 posts jannel Jan 02 at 08:45
Also, who with lack of discipline has done well in this Forex?
The problems of people is that they believe that it is easy money, won the easiest way, without market research, or good support, or quality hours dedicated to it. So they are disappointed, or simply, do not do as well as planned, because they did not perform what they should do.

edwige

Member Since Nov 28, 2016  27 posts edwige Jan 02 at 11:51
@naiza And REAL TRADE can be the toughest coach in history. You will learn, but be careful, you can learn the lessons, be smart and become one of the best. Or end up crying because you have lost everything

edwige

Member Since Nov 28, 2016  27 posts edwige Jan 02 at 11:51
proyecto1 posted:
Forex Psychology: If you are hoping to make money and never lose, you are deluding yourself.




well said twist

togr

Member Since Feb 22, 2011  3028 posts vontogr (togr) Jan 02 at 12:19
Monnex posted:
Forex Psychology: If you want to profit from your trading don't do 7 mistakes

1- Trade too much

2- Risk too much

3- Thinking too much

4- Reading too much news & analysis

5- Gambling

6- Trading without strategy

7- No money management


Here is what to DO
1. Create the plan
2. Execute the plan - stick to it, dont change it based on your fucking feelings
3. If it works go to#2
4. If it does not go to #1

I like what I trade, I trade what I like
FxMasterGuru

Member Since May 04, 2012  1559 posts FxMasterGuru (FxMasterGuru) Jan 02 at 12:37
proyecto1 posted:
fabritzio posted:
Forex psychology: never believe that your money is 100% sure.



In trade nothing is safe ...


Funds are NOT SAFE even if one DOES NOT trade... Seriously!

Just check out ForexPeaceArmy.com to see how many brokers run off with HUGE segregated client funds and ''fall off Earth'', i.e. disappear forever...

The only real guarantee is UK's FSCS's 50,000 GBP insurance coverage for FCA regulated brokers... Otherwise you are on your own for chasing criminal on exotic islands... If you like such adventures, don't worry about the safety of your funds...
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Monnex

Member Since Nov 15, 2015  44 posts Monz (Monnex) Jan 02 at 12:41
Forex Psychology: If you don't know how to trade the market properly, for sure you will not make money

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

Member Since Nov 15, 2015  44 posts Monz (Monnex) Jan 02 at 12:41
Forex Psychology: you must have the proper trading mindset to become a profitable trader

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