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Psychology of Forex Trading

Monnex (Monnex)
Feb 26 2017 at 13:29
56 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 ..


For sure there will be missed opportunities but professional trader don't open positions for every signal trade he saw 😄

Monnex (Monnex)
Feb 26 2017 at 13:31
56 posts
jhonix posted:
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.


i liked the word RESPECT your plan, its very important 😉

mlawson71
Feb 27 2017 at 12:19
1487 posts
That's one way of putting it. Respect your plan, respect the effort you've put into it, and the risk you're exposing yourself to if you don't follow your plan.

Samm
proyecto (proyecto)
Feb 27 2017 at 14:02
36 posts
Monnex posted:
jhonix posted:
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.


i liked the word RESPECT your plan, its very important 😉



Yes of course..!😉
I also believe that being disciplined facilitates the way, makes you constant and master those unnecessary impulses that hinder what you want to achieve. Simply because discipline is a powerful tool.

jhonix
Feb 27 2017 at 19:49
37 posts
Learn to see faults not as problems, but rather as useful information to get to know yourself better. Maybe, at the end of the day, it will be possible to find out who you really are. Just remember that nobody is perfect.

phill
fellipefx (fellipefx)
Feb 28 2017 at 07:56
20 posts
jhonix posted:
Learn to see faults not as problems, but rather as useful information to get to know yourself better. Maybe, at the end of the day, it will be possible to find out who you really are. Just remember that nobody is perfect.


Good point..!
There is a phrase that says, 'No one is perfect, we all make mistakes, but we must learn from them not to commit them again. '

Monnex (Monnex)
Feb 28 2017 at 13:22
56 posts
Forex Psychology: The Power of NO, Don't Trade when (NO Plan - NO Strategy - NO Risk Management - NO Signals)




Attachments:


vellkan
Feb 28 2017 at 14:38
9 posts
@Monnex Excellent advice, is the best way to keep our money safe. Do not trade when circumstances are not in favor.

phill
fellipefx (fellipefx)
Feb 28 2017 at 19:08
20 posts
Monnex posted:
Forex Psychology: The Power of NO, Don't Trade when (NO Plan - NO Strategy - NO Risk Management - NO Signals)





I agree with you! .. good point.

Also patience is key to success in trading. Without it, you will quickly find yourself losing money. It is better to operate when you are sure !.

Alessan
alessanFX (alessanFX)
Mar 01 2017 at 07:23
10 posts
jhonix posted:
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.


Of course.
A plan is vital to the success of your business. Without a plan, even the best intentions can not be realized. You should plan the work and then work out the plan, or your goals will not be achieved.

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