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Psychology of Forex Trading

mlawson71
Feb 13 2017 at 12:03
1487 posts
MC85 posted:
Monnex posted:
Forex Psychology: Don't feel excited from unrealized winning trade


Or also maybe don't feel sad about the missed opportunity.


Personally, I’d say that both is a good idea. Getting excited for whatever reason – both positive and negative – can cloud your judgement.

AlbertoCo
Feb 21 2017 at 07:19
17 posts
Crowe posted:
Trading psychology is very important thing for a forex trader who want to be a market leader.


It is difficult if not impossible for a single trader to become market leader I guess. The leading part is reserved for the big institutions but psychology is important to lead one's way to success.
@mlawson71 I agree with you, you say it very well!

mlawson71
Feb 21 2017 at 12:28
1487 posts
AlbertoCo posted:
Crowe posted:
Trading psychology is very important thing for a forex trader who want to be a market leader.


It is difficult if not impossible for a single trader to become market leader I guess. The leading part is reserved for the big institutions but psychology is important to lead one's way to success.
@mlawson71 I agree with you, you say it very well!


It also requires the kind of account size very few people in the world have access to.

Genar
gels4 (gels4)
Feb 21 2017 at 15:36
10 posts
Monnex posted:
Forex Psychology: Don't feel excited from unrealized winning trade


I would like to add: because you can fall from the sky and hit very hard against the ground ...
We can not make profits that we have not received, in trade things are not taken for granted.

Genar
gels4 (gels4)
Feb 21 2017 at 15:37
10 posts
AlbertoCo posted:
Crowe posted:
Trading psychology is very important thing for a forex trader who want to be a market leader.


It is difficult if not impossible for a single trader to become market leader I guess. The leading part is reserved for the big institutions but psychology is important to lead one's way to success.
@mlawson71 I agree with you, you say it very well!


I agree with you, I think that thinking that a trader will become one of the biggest in the market is a fairy tale.
However, if you can be a successful trader with good profits and an admirable business reputation. Although not yet figured as a Forex tycoon.

Monnex (Monnex)
Feb 21 2017 at 20:12
56 posts
gels4 posted:
Monnex posted:
Forex Psychology: Don't feel excited from unrealized winning trade


I would like to add: because you can fall from the sky and hit very hard against the ground ...
We can not make profits that we have not received, in trade things are not taken for granted.


Yeah exactly

The Worst Enemy Is The Time Taken To Find A Good Signal To Trade on
Samm
proyecto (proyecto)
Feb 23 2017 at 09:26
36 posts
gels4 posted:
AlbertoCo posted:
Crowe posted:
Trading psychology is very important thing for a forex trader who want to be a market leader.


It is difficult if not impossible for a single trader to become market leader I guess. The leading part is reserved for the big institutions but psychology is important to lead one's way to success.
@mlawson71 I agree with you, you say it very well!


I agree with you, I think that thinking that a trader will become one of the biggest in the market is a fairy tale.
However, if you can be a successful trader with good profits and an admirable business reputation. Although not yet figured as a Forex tycoon.




Fully agree, all points are important to be a successful entrepreneur is like having a well-defined purpose, although it is the main secret of each and every successful entrepreneur. Your commitment is to have clear goals and discipline and patience will be achieved.Fully agree, all points are important to be a successful entrepreneur is like having a well-defined purpose, although it is the main secret of each and every successful entrepreneur. Your commitment is to have clear goals and discipline and patience will be achieved.😄

edinson
Feb 23 2017 at 09:28
10 posts
MC85 posted:
Monnex posted:
Forex Psychology: Don't feel excited from unrealized winning trade


Or also maybe don't feel sad about the missed opportunity.



Well, you should not be depressed, but the missed opportunity is missed opportunity. He will not be back ..

Samm
proyecto (proyecto)
Feb 26 2017 at 06:52
36 posts
I think that when a trader suffers significant losses, he should consider taking a break from trading before fear and greed come to dominate his trading strategy and drive his decisions. It is important to understand that not all transactions will produce profits. Therefore, the trader must be psychologically able to understand that at some point he will have loss which ones he must manage properly.

jhonix
Feb 26 2017 at 06:56
37 posts
edinson posted:
MC85 posted:
Monnex posted:
Forex Psychology: Don't feel excited from unrealized winning trade


Or also maybe don't feel sad about the missed opportunity.



Well, you should not be depressed, but the missed opportunity is missed opportunity. He will not be back ..



Exact.😄

Also be aware of being disciplined.
Build your own plan and respect it to the end. To operate is not only to take a position, but also to have a valid reason for which losing position that has already crossed its limit of loss. It is possible that in some cases this will prove to be positive. However, if it does not turn out, the loss can be significant. Respect your plan and be disciplined.

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