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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
947 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
947 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
615 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.   

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