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Psychology of Forex Trading

PitCarry
Aug 16 2019 at 09:27
11 posts
If you have large investments then better to use ECN broker. A bucket shop broker will screw you around and either open / close trade late or will just not let you withdraw
AniLorak
Aug 17 2019 at 15:22
920 posts
PitCarry posted:
If you have large investments then better to use ECN broker. A bucket shop broker will screw you around and either open / close trade late or will just not let you withdraw

Same here; I also prefer ECN type FX broker! On the other hand, low trading cost is my main priority!
Roberto21
Aug 19 2019 at 09:10
364 posts
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
Adribaasmet
Aug 25 2019 at 16:17
994 posts
Roberto21 posted:
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .

No doubt; nowadays there have so many options but till now it’s challenging; because the success ratio is (till now) below the 10%!
AmDiab
Aug 30 2019 at 16:46
718 posts
I think so; it’s challenging but there have so many educational courses through online; of course, it’s a positive sign!
Mohammadi
Aug 31 2019 at 12:23
886 posts
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.
Adribaasmet
Aug 31 2019 at 16:18
994 posts
When I was a newbie then I didn’t know the value of SL and avoided; as a result; I lost a bigger portion initially because of avoiding the SL! But, now I always set my SL according to the support/resistant levels!
AniLorak
Aug 31 2019 at 20:00
920 posts
Mohammadi posted:
its very practical and common attitude for beginners level , due to having emotions they cant survive when kick off a live trading , in practical there is no way to stop emotions at all , but only by regular practicing with discipline it can be controlled of course.

But you can make your better brain by meditation; it’s the best practice!
Mohammadi
Sep 01 2019 at 07:22
886 posts
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Imamul
Sep 01 2019 at 07:56
697 posts
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice.  so, it is more appropriate to maintain real trading discipline with consistent practice.   
Adribaasmet
Sep 01 2019 at 15:15
994 posts
Imamul posted:
we cant avoid the importance of learning at all , because there is no way to stop learning even after passing a long time in here , but learning can be useless if there is no discipline and practice.  so, it is more appropriate to maintain real trading discipline with consistent practice.   

Basically; which traders have a tendency to stop their learning process; generally they struggle a lot!
Mohammadi
Sep 08 2019 at 06:16
886 posts
exactly , market moves according to its own style , but sometimes we traders fall a great trouble when it doesn't follow at any trend , in that time only stop loss can reduce the losing percentage. 
AniLorak
Sep 28 2019 at 17:02
920 posts
Mohammadi posted:
exactly , market moves according to its own style , but sometimes we traders fall a great trouble when it doesn't follow at any trend , in that time only stop loss can reduce the losing percentage. 

Basically when I am not sure on the status of current market; then I don’t open any new position; since following the market trend is my main business!
Mohammadi
Oct 02 2019 at 03:57
886 posts
Forex market place like an ocean where million $ looks as like a drop of water. and no chance to bring profit very rapidly from here without learning.
forex_trader_[795593]
Oct 14 2019 at 05:17
32 posts
We tend to let the emotions get the best of ourselves if thing are not going in our ways, so it is important to accept the loss and try to learn the mistake from it rather than getting upset like a child.
Tony (Tim007)
Oct 14 2019 at 08:50
9 posts
It's true you need to be disciplined, I agree with that. But in order not to lose a trade do not invest all your money into one trade and if it go against your position buy at the lower level. I think this is better than to put a Stop/Loss on losing position.
Roberto21
Oct 19 2019 at 15:51
364 posts
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .
Georg1o
Oct 20 2019 at 17:43
7 posts
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 a strategy

7- No money management
That's the list that every trader should hang on the wall. Often we forget about these rules. Thank you!
AmDiab
Oct 22 2019 at 09:14
718 posts
Roberto21 posted:
as a newcomer , learning Forex now already easy actually because many source we can learn and read from these sources , yes Baby pips is almost popular website among trader to learn Forex on school tab section , but also will very important while learn on theory also use demo account to practice .

No doubt; babypips course is useful; but you may noticed, it’s all about the basic info on trading! So, I am not overconfident on this free course!
Roberto21
Oct 24 2019 at 09:54
364 posts
we always think which time is best for trading , i think every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly. 
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