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Psychology of Forex Trading

ct862
Mar 22 2017 at 07:32
10 posts
fellipefx posted:
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. '


I agree with you..
It all boils down to your mental integrity, and the ability to keep following the rules under pressure. No one is perfect, even the best traders 'paint off the edges' sometimes, and need some good psychological tutoring to regain concentration.

Monnex (Monnex)
Mar 22 2017 at 08:03
56 posts
km113 posted:
I think you're much more likely to feel calm under pressure if you trust your plan. If a strategy has not been tested enough, you may be left with doubts that would lead you to fear.
Although traders are scared to suffer losses, so they close their positions before they can generate profits. It is also possible that a person frightened by their current losses holds open a losing position in the hope that the market will change in their favor.


Yeah i'm too agree with you
More successful of winning trades give more confidence to the trader to his strategy and he will be more calm to take decisions.

 

The Worst Enemy Is The Time Taken To Find A Good Signal To Trade on
togr (togr)
Mar 22 2017 at 08:39
4862 posts
km113 posted:
I think you're much more likely to feel calm under pressure if you trust your plan. If a strategy has not been tested enough, you may be left with doubts that would lead you to fear.
Although traders are scared to suffer losses, so they close their positions before they can generate profits. It is also possible that a person frightened by their current losses holds open a losing position in the hope that the market will change in their favor.


well you can avoid feeling under pressure by using expert advisors

BaldoN (BaldoN)
Mar 22 2017 at 10:20
522 posts
km113 posted:
I think you're much more likely to feel calm under pressure if you trust your plan. If a strategy has not been tested enough, you may be left with doubts that would lead you to fear.
Although traders are scared to suffer losses, so they close their positions before they can generate profits. It is also possible that a person frightened by their current losses holds open a losing position in the hope that the market will change in their favor.


Or to keep self-control at all the time when you trade. :)

bh61
Mar 23 2017 at 07:35
14 posts
One way I see most traders lose also is the part of trading someone else's funds. o tend to make more emotional mistakes then than most times.

renev
Mar 23 2017 at 07:54
8 posts
Have patience .. Among the tricks and most important Forex tips you can follow is patience. 'Rome was not made in a day' and this is also true for trading, be patient and wait for the market to show good opportunities, sometimes they just will not be there, so you have to wait.

sebastian4
Mar 24 2017 at 07:07
10 posts
No matter how good your strategy, the other factor that will always influence your results are your own emotions. After all, it is the emotions that move the markets. Most of our indicators are designed to give us a measure of our emotions. And in order to gain profits from the market movements created by the emotions of others, you must first learn to read the mood behind the movement, and also how to recognize and control your own.

wallym
Mar 24 2017 at 07:08
4 posts
It is possible to get average earnings from Forex trading while there are some who have managed to obtain a fluidity and financial freedom from the trading platforms, anyway reaching that point requires absolute dedication to the cause, so the first Advice would be to try to achieve some kind of gain at first, remember not to walk before learning to crawl.

hugol
Mar 26 2017 at 07:03
15 posts
One of the driving forces, which makes him participate in the work of speculative financial markets, is the possibility of earning 'easy money,' or directly-coveting. The result of greedy action is the motication to make transactions.
One can distinguish between two types of motivations:

Rational motivation - is expressed through cold prudence in making decisions about how to operate.
Irrational motivation - is expressed through the passion of the player; Are slaves of their emotions and are almost doomed to lose.

gustabofx
Mar 26 2017 at 07:27
12 posts
The factor that motivates the trader to perform operations is the hope of making a profit. If hope prevails over the calculation, the trader runs the risk of overestimating his abilities when analyzing the situation. Hope must be in subordinate relationships with calculation and greed.

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